Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −0.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.027%
Price spread now: Binance against Phemex−0.145%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.145%, 7d avg −0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.122% cheaper against Phemex than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09289 | 0.0100 | pay 0.0100% / 8h | 1h 36m | $2.2M | $2.1M | 50x |
| Short | Binance HBARUSDT | 0.09276 | 0.0091 | get 0.0091% / 8h | 1h 36m | $34.8M | $110.5M | 75x |
Phemex HBARUSDT
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- −$1.81
- Price spread: −0.145% → −0.022%
- −$12.24
- Slippage, 4 orders
- −$35.42
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$71.47
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 6 min ago.
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 Phemex live order book, 2 min ago | 6.99 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.54 bp | 9.5 bp −$9 | 16.8 bp −$168 | 53.7 bp −$5,372 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | −0.237% | $1K | $112K | 12x | as long as short |
| Gate HBAR_USDT | −0.0025% | 8h | 0.09280 | −0.097% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0015% | 8h | 0.09288 | −0.011% | $7.4M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09287 | −0.023% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09297 | +0.086% | $512K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09296 | +0.070% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0063% | 8h | 0.09319 | +0.328% | $1.0M | $197K | — | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09302 | +0.140% | $223K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09288 | −0.011% | $2K | $16K | 10x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09279 | −0.105% | $51K | $218K | 10x | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0090% | 8h | 0.09284 | −0.054% | $26.1M | $22.6M | 200x | as long as short |
| Binance HBARUSDTshort | +0.0091% | 8h | 0.09276 | −0.145% | $34.8M | $110.5M | 75x | |
| Lighter HBAR | +0.0096% | 1h | 0.09289 | 0.000% | $570K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09302 | +0.135% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09286 | −0.029% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09280 | −0.097% | $33.0M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09283 | −0.065% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09281 | −0.086% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09284 | −0.054% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09299 | +0.108% | $34K | $104K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09310 | +0.221% | $377K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09313 | +0.258% | $149K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09291 | +0.022% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09306 | +0.183% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09289 | long leg | $2.2M | $2.1M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09299 | +0.110% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0211% | 8h | 0.09295 | +0.065% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09293 | +0.045% | $104K | — | 100x | as long as short |
MEXC HBAR_USDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]