Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.011%
Price spread now: Phemex against Orderly+0.055%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 +$1 a day on $10k at the current rate, and Phemex is 0.055% dearer against Orderly than usual: you sell high and buy low: +$5 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 | 0.09121 | 0.0080 | pay 0.0080% / 8h | 4h 46m | $2K | $14K | 10x |
| Short | Phemex HBARUSDT | 0.09126 | 0.0100 | get 0.0100% / 8h | 4h 46m | $2.1M | $2.1M | 50x |
Orderly PERP_HBAR_USDC
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $4.18
- Price spread: +0.055% → 0.000%
- $5.48
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$8.34
- Costs to cover
- 0.180%
- Break-even
- 21.0 days
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 2 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 Phemex live order book, 2 min ago | 4.93 bp | 22.6 bp −$23 | 38.9 bp −$389 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09140 | +0.204% | $30K | $4K | 5x | as long as short |
| KuCoin HBARUSDTM | +0.0003% | 8h | 0.09134 | +0.143% | $7.1M | $7.2M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09132 | +0.115% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.765% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0049% | 8h | 0.09129 | +0.088% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09132 | +0.121% | $218K | $2.1M | 50x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0068% | 1h | 0.09132 | +0.121% | $36K | $168K | 15x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0079% | 1h | 0.09129 | +0.088% | $503K | $169K | 50x | as long as short |
| Variational Omni HBAR | +0.0079% | 8h | 0.09143 | +0.240% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDClong | +0.0080% | 8h | 0.09121 | long leg | $2K | $14K | 10x |
dYdX HBAR-USD
KuCoin HBARUSDTM
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Backpack HBAR_USDC_PERP
Deribit HBAR_USDC-PERPETUAL
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09129 | +0.088% | $554K | $595K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09135 | +0.152% | $8.6M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09133 | +0.136% | $209K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09139 | +0.197% | $33.7M | $105.0M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09137 | +0.175% | $32.3M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09139 | +0.197% | $6.5M | $24.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09137 | +0.175% | $25.5M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09134 | +0.143% | $16.8M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09136 | +0.164% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09113 | −0.091% | $365K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09119 | −0.022% | $145K | $716K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09126 | +0.055% | $424 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09149 | +0.307% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09126 | +0.055% | $2.1M | $2.1M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09136 | +0.161% | $52K | $278K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09133 | +0.132% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0345% / S −0.0242% | 1h | 0.09131 | +0.115% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0397% | 1h | 0.09131 | +0.112% | $1.4M | $2.6M | 50x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD