Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.021%
Price spread now: Coinbase International against Bitget+0.226%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.226%, 7d avg +0.026%
=The price spread pays, funding is against you. Coinbase International is 0.201% dearer against Bitget than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of +0.026%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HBARUSDT | 0.09283 | 0.0100 | pay 0.0100% / 8h | 7h 33m | $17.3M | $14.9M | 75x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09304 | 0.0056 | get 0.0007% / 1h | 33m 54s | $229K | $2.2M | 50x |
Bitget HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- −$9.24
- Price spread: +0.226% → +0.026%
- $20.06
- Slippage, 4 orders
- −$28.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$39.23
- Costs to cover
- 0.500%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 0.54 bp | 11.3 bp −$11 | 22.9 bp −$229 | 68.4 bp −$6,839 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 2.15 bp | 14.2 bp −$14 | 19.9 bp −$199 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT HBAR_USDT_Perp | −0.0099% | 8h | 0.09264 | −0.209% | $377K | $2.2M | 10x | as long as short |
| KuCoin HBARUSDTM | −0.0078% | 8h | 0.09279 | −0.043% | $7.3M | $7.8M | 75x | as long as short |
| ApeX Omni HBARUSDT | −0.0017% | 1h | 0.09282 | −0.011% | $149K | $717K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09301 | +0.196% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09298 | +0.162% | $512K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09295 | +0.133% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.172% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0056% | 1h | 0.09304 | +0.226% | $229K | $2.2M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09298 | +0.164% | $1.4M | $2.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0069% | 8h | 0.09283 | 0.000% | $26.1M | $22.3M | 200x | as long as short |
GRVT HBAR_USDT_Perp
KuCoin HBARUSDTM
ApeX Omni HBARUSDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0071% | 8h | 0.09287 | +0.043% | $34.8M | $109.2M | 75x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09281 | −0.022% | $51K | $321K | 10x | as long as short |
| Variational Omni HBAR | +0.0075% | 8h | 0.09274 | −0.096% | $1.0M | $197K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09290 | +0.075% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09288 | +0.054% | $569K | $552K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09298 | +0.158% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09284 | +0.014% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09283 | 0.000% | $33.0M | $35.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09285 | +0.022% | $6.8M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09285 | +0.022% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDTlong | +0.0100% | 8h | 0.09283 | long leg | $17.3M | $14.9M | 75x | |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09282 | −0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09288 | +0.054% | $36K | $102K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09292 | +0.097% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09318 | +0.377% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09293 | +0.108% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0190% | 8h | 0.09289 | +0.065% | $1.5M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0494% / S −0.0529% | 1h | 0.09296 | +0.138% | $119K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]