Funding you earn now, next payment 23:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.016%
Price spread now: Deribit against Binance+0.011%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.011%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.079% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.090%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HBARUSDT | 0.09257 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $34.7M | $110.5M | 75x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09258 | 0.0074 | get 0.0009% / 1h | 6m 54s | $510K | $166K | 50x |
Binance HBARUSDT
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$5.46
- Price spread: +0.011% → +0.090%
- −$7.91
- Slippage, 4 orders
- −$17.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$47.97
- Costs to cover
- 0.346%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Deribit: live order book, 12 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, 6 min ago | 0.54 bp | 7.1 bp −$7 | 14.8 bp −$148 | 58.4 bp −$5,844 | doesn't fit |
| Sell Deribit live order book, 12 min ago | 3.24 bp | 11.8 bp −$12 | 18.5 bp −$185 | 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 | +0.108% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0027% | 8h | 0.09253 | −0.043% | $7.4M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09242 | −0.165% | $30K | $4K | 5x | as long as short |
| Gate HBAR_USDT | 0.0000% | 8h | 0.09254 | −0.032% | $2.4M | $3.6M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0013% | 1h | 0.09252 | −0.053% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09249 | −0.086% | $223K | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0074% | 1h | 0.09258 | +0.011% | $510K | $166K | 50x | |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09248 | −0.097% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0088% | 8h | 0.09234 | −0.246% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09250 | −0.076% | $567K | $591K | 5x | as long as short |
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
dYdX HBAR-USD
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0098% | 8h | 0.09255 | −0.022% | $25.5M | $22.8M | 200x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09259 | +0.026% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09257 | +0.001% | $211K | $429K | 50x | as long as short |
| Binance HBARUSDTlong | +0.0100% | 8h | 0.09257 | long leg | $34.7M | $110.5M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09255 | −0.022% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09257 | 0.000% | $6.8M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09259 | +0.022% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09255 | −0.022% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09254 | −0.032% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09241 | −0.169% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09248 | −0.097% | $148K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09249 | −0.086% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09262 | +0.054% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09250 | −0.076% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09255 | −0.018% | $51K | $218K | 10x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0194% | 1h | 0.09258 | +0.010% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09248 | −0.097% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0339% | 1h | 0.09252 | −0.050% | $116K | — | 100x | as long as short |
MEXC HBAR_USDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]