Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h 0.000%
Price spread now: Coinbase International against Binance−0.188%53s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as 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−$430.427% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.188%, 7d avg +0.031%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Coinbase International is 0.219% cheaper against Binance than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.031%). Swap the legs. The two prices were read 53 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 | Binance HBARUSDT | 0.09570 | 0.0100 | pay 0.0100% / 8h | 7h 23m | $36.1M | $114.9M | 75x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09552 | 0.0088 | get 0.0011% / 1h | 23m 28s | $227K | $2.7M | 50x |
Binance HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$2.52
- Price spread: −0.188% → +0.031%
- −$21.89
- Slippage, 4 orders
- −$22.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$67.12
- Costs to cover
- 0.427%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Coinbase International: 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 Binance live order book, 4 min ago | 0.52 bp | 8.1 bp −$8 | 19.9 bp −$199 | 71.3 bp −$7,132 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 1.57 bp | 12.2 bp −$12 | 16.8 bp −$168 | 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 | −0.0033% | 8h | 0.09575 | +0.053% | $2.5M | $2.9M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09527 | −0.444% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −3.009% | $1K | $96K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09566 | −0.041% | $1K | $12K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0088% | 1h | 0.09552 | −0.188% | $227K | $2.7M | 50x | |
| Lighter HBAR | +0.0096% | 1h | 0.09561 | −0.094% | $573K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09589 | +0.198% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09575 | +0.058% | $229K | $350K | 50x | as long as short |
| Binance HBARUSDTlong | +0.0100% | 8h | 0.09570 | long leg | $36.1M | $114.9M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09567 | −0.031% | $33.4M | $37.5M | 75x | as long as short |
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09570 | 0.000% | $6.7M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09574 | +0.042% | $27.0M | $20.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09582 | +0.126% | $7.4M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09572 | +0.021% | $18.0M | $17.6M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09574 | +0.042% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09547 | −0.240% | $36K | $203K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09520 | −0.526% | $1.1M | $177K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09550 | −0.208% | $384K | $3.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09557 | −0.135% | $155K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09544 | −0.271% | $443 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09550 | −0.208% | $73K | $75K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09545 | −0.261% | $2.4M | $2.7M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09567 | −0.029% | $50K | $305K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0169% | 1h | 0.09551 | −0.198% | $526K | $177K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09525 | −0.470% | $1.6M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0284% | 1h | 0.09551 | −0.193% | $1.4M | $3.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0354% / S −0.0267% | 1h | 0.09543 | −0.285% | $80K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2339% | 1h | 0.09529 | −0.432% | $38K | $18K | 5x | as long as short |
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD