Funding you earn now, next payment 03:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.110%
Price spread now: Kraken Futures against Orderly+0.111%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.111% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_HBAR_USDC | 0.09260 | 0.0079 | pay 0.0079% / 8h | 5h 33m | $2K | $17K | 10x |
| Short | Kraken Futures PF_HBARUSD | 0.09270 | 0.0204 | get 0.0026% / 1h | 33m 36s | $1.4M | $2.5M | 50x |
Orderly PERP_HBAR_USDC
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.2
- Price spread: +0.111% → 0.000%
- $11.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $21.34
- Costs to cover
- 0.160%
- Break-even
- 1.3 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 4.90 bp | 11.2 bp −$11 | 18.8 bp −$188 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HBAR on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0031% | 8h | 0.09274 | +0.151% | $7.2M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09270 | +0.110% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09259 | −0.006% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0048% | 8h | 0.09273 | +0.140% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09235 | −0.270% | $232K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09229 | −0.338% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDClong | +0.0079% | 8h | 0.09260 | long leg | $2K | $17K | 10x | |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.238% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09272 | +0.130% | $564K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09282 | +0.233% | $8.8M | $2.7M | 5x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Injective HBAR/USDC PERP
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09272 | +0.125% | $212K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09278 | +0.194% | $34.2M | $104.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09277 | +0.184% | $32.8M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09278 | +0.194% | $6.7M | $24.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09274 | +0.151% | $26.2M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09279 | +0.205% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09275 | +0.162% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09271 | +0.119% | $67K | $143K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09237 | −0.253% | $375K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09241 | −0.205% | $147K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09261 | +0.011% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09246 | −0.151% | $70K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09266 | +0.065% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09273 | +0.145% | $52K | $277K | 10x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0204% | 1h | 0.09270 | +0.111% | $1.4M | $2.5M | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09239 | −0.227% | $1.4M | $5.4M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0290% | 1h | 0.09268 | +0.086% | $510K | $152K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09260 | +0.001% | $80K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]