Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.347%
Price spread now: Injective against Binance−1.045%57s7-day average −0.085% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.789%−$79 on $10k
+Price spread, last 4 days (all we have)+0.555%+$56 · spread now −1.045%, 7d avg −0.085%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.959% cheaper against Binance than usual: you would sell low and buy high (−$96 if the spread goes back to its 7-day average of −0.085%). Swap the legs. The two prices were read 57 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 | 0.09380 | 0.0100 | pay 0.0100% / 8h | 3h 22m | $34.8M | $110.0M | 75x |
| Short | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | get 0.0004% / 1h | 22m 21s | $1K | $105K | 12x |
Binance HBARUSDT
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −1.045% → −0.085%
- −$95.95
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$119.97
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
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 | 0.53 bp | 7.4 bp −$7 | 15.0 bp −$150 | 52.7 bp −$5,272 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.09398 | +0.194% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09384 | +0.038% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09282 | −1.045% | $1K | $105K | 12x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0068% | 1h | 0.09425 | +0.480% | $519K | $190K | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09421 | +0.437% | $223K | $2.3M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09379 | −0.011% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09395 | +0.160% | $566K | $616K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09383 | +0.030% | $201K | $336K | 50x | as long as short |
| Binance HBARUSDTlong | +0.0100% | 8h | 0.09380 | long leg | $34.8M | $110.0M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09380 | 0.000% | $33.1M | $35.3M | 75x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter 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 | 0.09382 | +0.021% | $6.6M | $25.8M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09381 | +0.011% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09383 | +0.032% | $26.0M | $19.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09382 | +0.021% | $7.6M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09381 | +0.011% | $17.1M | $15.5M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09381 | +0.011% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09416 | +0.384% | $38K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09440 | +0.637% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09434 | +0.574% | $386K | $2.7M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09452 | +0.768% | $154K | $712K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09417 | +0.394% | $437 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09431 | +0.544% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09414 | +0.362% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09386 | +0.064% | $50K | $273K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09411 | +0.330% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0357% | 1h | 0.09422 | +0.445% | $1.3M | $2.9M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0592% / S −0.0614% | 1h | 0.09381 | +0.011% | $150K | — | 100x | as long as short |
| Hyperliquid HBAR | +0.0612% | 1h | 0.09399 | +0.198% | $9.5M | $3.3M | 5x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
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
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
Hyperliquid HBAR