Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.014%
Price spread now: Deribit against BingX+0.063%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.063%, 7d avg +0.085%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.022% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.085%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HBAR-USDC | 0.09519 | 0.0100 | pay 0.0100% / 8h | 7h 26m | — | $6.8M | — |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09525 | 0 | get 0.0000% / 1h | 26m 08s | $525K | $177K | 50x |
BingX HBAR-USDC
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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: +0.063% → +0.085%
- −$2.23
- Slippage, 4 orders
- −$36.35
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$76.58
- Costs to cover
- 0.534%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Deribit: live order book, 8 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 BingX live order book, 11 min ago | 1.04 bp | 17.6 bp −$18 | 70.0 bp −$700 | 362.0 bp −$36.2K | 864.0 bp −$432.0K |
| Sell Deribit live order book, 8 min ago | 6.26 bp | 9.8 bp −$10 | 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 | −0.0125% | 8h | 0.09518 | −0.011% | $2.5M | $2.9M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09525 | +0.063% | $525K | $177K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09542 | +0.238% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.490% | $1K | $96K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09520 | +0.011% | $1K | $12K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09531 | +0.126% | $227K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09520 | +0.011% | $571K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09532 | +0.133% | $8.9M | $3.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09525 | +0.066% | $228K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09529 | +0.105% | $36.0M | $115.0M | 75x | as long as short |
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09528 | +0.095% | $33.3M | $37.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09530 | +0.116% | $6.7M | $26.8M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09521 | +0.021% | $26.8M | $20.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09523 | +0.042% | $7.4M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09523 | +0.042% | $17.9M | $17.7M | 75x | as long as short |
| BingX HBAR-USDClong | +0.0100% | 8h | 0.09519 | long leg | — | $6.8M | — | |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09522 | +0.032% | $36K | $203K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09558 | +0.409% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09557 | +0.395% | $387K | $3.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09564 | +0.473% | $155K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09522 | +0.032% | $442 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09558 | +0.410% | $73K | $75K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09523 | +0.042% | $2.4M | $2.7M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09518 | −0.008% | $50K | $305K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09546 | +0.284% | $1.6M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0285% | 1h | 0.09528 | +0.091% | $1.4M | $3.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0358% / S −0.0273% | 1h | 0.09522 | +0.029% | $81K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2168% | 1h | 0.09533 | +0.148% | $37K | $17K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
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]
dYdX HBAR-USD