Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%
Price spread now: GRVT against Phemex+0.169%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.169%, 7d avg −0.073%
=Together, before fees−0.197%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.242% dearer against Phemex than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09278 | 0.0100 | pay 0.0100% / 8h | 1h 33m | $2.2M | $2.2M | 50x |
| Short | GRVT HBAR_USDT_Perp | 0.09294 | 0.0100 | get 0.0100% / 8h | 1h 33m | $376K | $2.1M | 10x |
Phemex HBARUSDT
GRVT HBAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.169% → −0.073%
- $24.2
- Slippage, 4 orders
- −$39.91
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$36.71
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago | 6.99 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 1.61 bp | 9.7 bp −$10 | 25.3 bp −$253 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | −0.119% | $1K | $112K | 12x | as long as short |
| Gate HBAR_USDT | −0.0020% | 8h | 0.09286 | +0.086% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0013% | 8h | 0.09285 | +0.075% | $7.4M | $7.9M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09292 | +0.149% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09280 | +0.022% | $511K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09285 | +0.072% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09273 | −0.054% | $222K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0064% | 8h | 0.09290 | +0.134% | $1.0M | $197K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09279 | +0.011% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0092% | 8h | 0.09286 | +0.086% | $26.1M | $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
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0093% | 8h | 0.09281 | +0.033% | $34.8M | $110.6M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09282 | +0.043% | $569K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09287 | +0.099% | $51K | $218K | 10x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09295 | +0.186% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09286 | +0.085% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09281 | +0.032% | $33.0M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09280 | +0.022% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09287 | +0.097% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09282 | +0.043% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09278 | 0.000% | $34K | $104K | 15x | as long as short |
| GRVT HBAR_USDT_Perpshort | +0.0100% | 8h | 0.09294 | +0.169% | $376K | $2.1M | 10x | |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09298 | +0.216% | $149K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09277 | −0.011% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09298 | +0.216% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09278 | long leg | $2.2M | $2.2M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09284 | +0.064% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0211% | 8h | 0.09285 | +0.075% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09284 | +0.067% | $104K | — | 100x | as long as short |
Binance HBARUSDT
Lighter HBAR
Extended HBAR-USD
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]