Funding you earn now, next payment 03:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h −0.003%
Price spread now: Deribit against Phemex+0.054%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.054%, 7d avg +0.068%
=The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09239 | 0.0100 | pay 0.0100% / 8h | 5h 34m | $2.2M | $2.2M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09244 | 0.0183 | get 0.0023% / 1h | 34m 58s | $509K | $152K | 50x |
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $17.43
- Price spread: +0.054% → +0.068%
- −$1.38
- Slippage, 4 orders
- −$34.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$37.09
- Costs to cover
- 0.531%
- Break-even
- 21.9 days
Slippage from Phemex: live order book, 3 min ago; Deribit: live order book, 29 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, 3 min ago | 2.18 bp | 17.4 bp −$17 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 29 min ago | 3.80 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0036% | 8h | 0.09239 | 0.000% | $7.2M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09241 | +0.023% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09240 | +0.005% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0041% | 8h | 0.09236 | −0.032% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09198 | −0.444% | $231K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09229 | −0.111% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09236 | −0.032% | $2K | $17K | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.465% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09237 | −0.022% | $562K | $591K | 5x | as long as short |
| MEXC HBAR_USDT | +0.0099% | 8h | 0.09243 | +0.043% | $26.1M | $19.6M | 200x | 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
Orderly PERP_HBAR_USDC
Injective HBAR/USDC PERP
Lighter HBAR
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09258 | +0.203% | $8.7M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09240 | +0.011% | $211K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09243 | +0.043% | $34.1M | $104.0M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09243 | +0.043% | $32.7M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09244 | +0.054% | $6.7M | $24.4M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09244 | +0.054% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09242 | +0.032% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09244 | +0.054% | $67K | $143K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09206 | −0.353% | $374K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09211 | −0.303% | $147K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09238 | −0.011% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09264 | +0.271% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09239 | long leg | $2.2M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09241 | +0.026% | $52K | $277K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0183% | 1h | 0.09244 | +0.054% | $509K | $152K | 50x | |
| Kraken Futures PF_HBARUSD | +0.0205% | 1h | 0.09247 | +0.081% | $1.4M | $2.5M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09239 | 0.000% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09239 | −0.004% | $80K | — | 100x | as long as short |
Hyperliquid HBAR
Aster HBARUSDT
Binance 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
Extended HBAR-USD
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]