Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Phemex+0.032%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.032%, 7d avg −0.028%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.060% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09299 | 0.0100 | pay 0.0100% / 8h | 1h 37m | $2.2M | $2.1M | 50x |
| Short | Bybit HBARUSDT | 0.09302 | 0.0100 | get 0.0100% / 8h | 1h 37m | $33.1M | $37.1M | 75x |
Phemex HBARUSDT
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.032% → −0.028%
- $6
- Slippage, 4 orders
- −$39.78
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$56.78
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago | 5.36 bp | 18.8 bp −$19 | 36.6 bp −$366 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.54 bp | 10.3 bp −$10 | 22.1 bp −$221 | 79.1 bp −$7,906 | 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 | −0.344% | $1K | $112K | 12x | as long as short |
| Gate HBAR_USDT | −0.0025% | 8h | 0.09298 | −0.011% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0013% | 8h | 0.09298 | −0.011% | $7.4M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09308 | +0.097% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09318 | +0.204% | $513K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09315 | +0.176% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0063% | 8h | 0.09319 | +0.220% | $1.0M | $197K | — | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09311 | +0.129% | $223K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09309 | +0.108% | $2K | $16K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0087% | 8h | 0.09303 | +0.043% | $26.2M | $22.6M | 200x | 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
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0088% | 1h | 0.09294 | −0.051% | $51K | $218K | 10x | as long as short |
| Binance HBARUSDT | +0.0090% | 8h | 0.09302 | +0.028% | $34.9M | $110.5M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09303 | +0.043% | $571K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09312 | +0.141% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09294 | −0.058% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09302 | +0.032% | $33.1M | $37.1M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09300 | +0.011% | $6.8M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09301 | +0.022% | $17.2M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09301 | +0.022% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09304 | +0.054% | $34K | $104K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09317 | +0.188% | $379K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09316 | +0.183% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09306 | +0.075% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09339 | +0.430% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09299 | long leg | $2.2M | $2.1M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09312 | +0.141% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0208% | 8h | 0.09307 | +0.086% | $1.4M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09317 | +0.194% | $104K | — | 100x | as long as short |
Extended HBAR-USD
Binance HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
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]