Funding you earn now, next payment 08:00 UTC+0.0794%/8h= +87.0% APRnext payment +$7.94 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Phemex0.000%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$590.594% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now 0.000%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09346 | −0.0588 | get 0.0588% / 8h | 7h 56m | $2.2M | $2.2M | 50x |
| Short | BloFin HBAR-USDT | 0.09346 | 0.0206 | get 0.0206% / 8h | 7h 56m | $1.5M | $5.9M | 90x |
Phemex HBARUSDT
BloFin HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $166.76
- Price spread: 0.000% → +0.008%
- −$0.84
- Slippage, 4 orders
- −$35.42
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $106.5
- Costs to cover
- 0.594%
- Break-even
- 2.5 days
Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 2 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 | 3.76 bp | 18.1 bp −$18 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.68 bp | 9.6 bp −$10 | 14.6 bp −$146 | 31.8 bp −$3,183 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex HBARUSDTlong | −0.0588% | 8h | 0.09346 | long leg | $2.2M | $2.2M | 50x | |
| Gate HBAR_USDT | −0.0206% | 8h | 0.09328 | −0.193% | $2.4M | $3.3M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0071% | 8h | 0.09310 | −0.385% | $7.4M | $7.9M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09336 | −0.104% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09320 | −0.274% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.845% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09356 | +0.107% | $224K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09358 | +0.129% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0075% | 8h | 0.09336 | −0.104% | $1.0M | $202K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09348 | +0.021% | $2K | $17K | 10x | as long as short |
Gate HBAR_USDT
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0086% | 8h | 0.09313 | −0.353% | $35.1M | $109.9M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0086% | 8h | 0.09312 | −0.364% | $25.9M | $22.1M | 200x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09326 | −0.209% | $52K | $213K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09341 | −0.053% | $573K | $547K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09337 | −0.102% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09327 | −0.200% | $213K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09311 | −0.374% | $33.1M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09311 | −0.374% | $6.9M | $25.4M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09310 | −0.385% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09316 | −0.321% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09359 | +0.139% | $37K | $103K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09337 | −0.096% | $383K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09335 | −0.118% | $149K | $710K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09349 | +0.032% | $434 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09350 | +0.043% | $74K | $59K | 20x | as long as short |
| BloFin HBAR-USDTshort | +0.0206% | 8h | 0.09346 | 0.000% | $1.5M | $5.9M | 90x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0491% / S −0.0555% | 1h | 0.09356 | +0.107% | $117K | — | 100x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0498% | 1h | 0.09362 | +0.171% | $515K | $166K | 50x | as long as short |
Binance HBARUSDT
MEXC HBAR_USDT
Extended HBAR-USD
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
GMX HBAR/USD [WBTC.b-USDC]
Deribit HBAR_USDC-PERPETUAL