Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.006%
Price spread now: Deribit against ApeX Omni−0.334%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$460.455% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)+0.403%+$40 · spread now −0.334%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.375% cheaper against ApeX Omni than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni HBARUSDT | 0.09286 | 0.0100 | pay 0.0013% / 1h | 29m 15s | $151K | $705K | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09255 | 0 | get 0.0000% / 1h | 29m 15s | $510K | $178K | 50x |
ApeX Omni HBARUSDT
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against ApeX Omni. 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
- −$21
- Price spread: −0.334% → +0.041%
- −$37.49
- Slippage, 4 orders
- −$28.53
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$104.02
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 14 min ago; Deribit: live order book, 14 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 ApeX Omni live order book, 14 min ago | 7.01 bp | 14.1 bp −$14 | 92.7 bp −$927 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 14 min ago | 4.85 bp | 8.3 bp −$8 | 15.5 bp −$155 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0591% | 1h | 0.09263 | −0.248% | $35K | $202K | 15x | as long as short |
| Kraken Futures PF_HBARUSD | −0.0267% | 1h | 0.09255 | −0.338% | $1.3M | $3.0M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09262 | −0.262% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09255 | −0.334% | $510K | $178K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09263 | −0.249% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.043% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09251 | −0.377% | $4K | $16K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09265 | −0.226% | $211K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09259 | −0.291% | $558K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09263 | −0.243% | $8.6M | $3.7M | 5x | as long as short |
Backpack HBAR_USDC_PERP
Kraken Futures PF_HBARUSD
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09259 | −0.291% | $199K | $329K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09251 | −0.372% | $34.0M | $111.7M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09254 | −0.345% | $31.7M | $35.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09250 | −0.388% | $6.5M | $25.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09255 | −0.334% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09256 | −0.323% | $25.0M | $19.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09264 | −0.237% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09251 | −0.377% | $17.2M | $15.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09255 | −0.334% | — | $6.9M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09264 | −0.238% | $1.0M | $185K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09264 | −0.242% | $371K | $3.1M | 10x | as long as short |
| ApeX Omni HBARUSDTlong | +0.0100% | 1h | 0.09286 | long leg | $151K | $705K | 50x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09248 | −0.409% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09275 | −0.118% | $70K | $70K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09251 | −0.377% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09249 | −0.401% | $59K | $221K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09261 | −0.269% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0359% / S −0.0261% | 1h | 0.09267 | −0.200% | $83K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]