Funding you earn now, next payment 08:00 UTC−0.0173%/8h= −18.9% APRnext payment −$1.73 per $10,000 · paid last 24h −0.010%
Price spread now: KuCoin against Phemex−0.108%50s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.780% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.108%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.108% cheaper against Phemex than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 7h 54m | $2.2M | $2.2M | 50x |
| Short | KuCoin HBARUSDTM | 0.09289 | −0.0073 | pay 0.0073% / 8h | 7h 54m | $7.3M | $7.9M | 75x |
Phemex HBARUSDT
KuCoin HBARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$36.33
- Price spread: −0.108% → +0.001%
- −$10.81
- Slippage, 4 orders
- −$54.03
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$125.17
- Costs to cover
- 0.780%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago | 3.76 bp | 18.1 bp −$18 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.07 bp | 19.5 bp −$20 | 46.8 bp −$468 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0268% | 8h | 0.09291 | −0.086% | $2.4M | $3.3M | 75x | as long as short |
| KuCoin HBARUSDTMshort | −0.0073% | 8h | 0.09289 | −0.108% | $7.3M | $7.9M | 75x | |
| GRVT HBAR_USDT_Perp | −0.0037% | 8h | 0.09349 | +0.538% | $384K | $2.2M | 10x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09301 | +0.018% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09300 | +0.015% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.344% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09300 | +0.011% | $222K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09302 | +0.034% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0077% | 8h | 0.09324 | +0.271% | $1.0M | $202K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09297 | −0.022% | $2K | $17K | 10x | as long as short |
Gate HBAR_USDT
GRVT HBAR_USDT_Perp
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 | +0.0083% | 8h | 0.09292 | −0.075% | $35.0M | $109.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0084% | 8h | 0.09299 | 0.000% | $25.9M | $22.1M | 200x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09287 | −0.128% | $51K | $213K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09293 | −0.065% | $570K | $547K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09308 | +0.100% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09295 | −0.042% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09291 | −0.086% | $33.1M | $36.3M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09294 | −0.054% | $6.9M | $25.3M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09293 | −0.065% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09291 | −0.086% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09298 | −0.011% | $37K | $103K | 15x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09356 | +0.613% | $150K | $709K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09295 | −0.043% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09335 | +0.387% | $74K | $59K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09299 | long leg | $2.2M | $2.2M | 50x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0180% | 1h | 0.09306 | +0.075% | $512K | $166K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0204% | 8h | 0.09297 | −0.022% | $1.5M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0490% / S −0.0555% | 1h | 0.09303 | +0.042% | $116K | — | 100x | 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
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]