Funding you earn now, next payment 06:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.005%
Price spread now: Phemex against ApeX Omni0.000%77s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as 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−$630.633% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now 0.000%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.026% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 77 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 | ApeX Omni HBARUSDT | 0.09227 | 0.0005 | pay 0.0001% / 1h | 48m 09s | $150K | $708K | 50x |
| Short | Phemex HBARUSDT | 0.09227 | 0.0100 | get 0.0100% / 8h | 2h 48m | $2.1M | $2.2M | 50x |
ApeX Omni HBARUSDT
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $19.91
- Price spread: 0.000% → −0.026%
- $2.6
- Slippage, 4 orders
- −$41.35
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$40.84
- Costs to cover
- 0.633%
- Break-even
- 21.4 days
Slippage from ApeX Omni: live order book, 66 min ago; Phemex: 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 ApeX Omni live order book, 66 min ago | 4.76 bp | 15.4 bp −$15 | 98.9 bp −$989 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.17 bp | 17.4 bp −$17 | 38.7 bp −$387 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09221 | −0.069% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09235 | +0.087% | $509K | $192K | 50x | as long as short |
| ApeX Omni HBARUSDTlong | +0.0005% | 1h | 0.09227 | long leg | $150K | $708K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09227 | −0.002% | $9K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0015% | 1h | 0.09226 | −0.011% | $33K | $202K | 15x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.596% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09221 | −0.065% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09223 | −0.043% | $221K | $2.4M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09227 | 0.000% | $557K | $611K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09229 | +0.026% | $8.6M | $3.6M | 5x | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
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 | 0.09226 | −0.005% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09218 | −0.101% | $33.9M | $111.3M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09220 | −0.076% | $32.2M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09219 | −0.087% | $6.5M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09227 | 0.000% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09224 | −0.033% | $25.2M | $19.3M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09229 | +0.022% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09226 | −0.011% | $17.0M | $15.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09223 | −0.043% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09228 | +0.010% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09229 | +0.022% | $373K | $2.8M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09227 | 0.000% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09234 | +0.076% | $70K | $68K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09227 | 0.000% | $2.1M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09220 | −0.076% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09215 | −0.130% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0246% | 1h | 0.09231 | +0.046% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0615% / S −0.0663% | 1h | 0.09227 | +0.005% | $156K | — | 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
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]