Funding you earn now, next payment 11:00 UTC+0.0322%/8h= +35.3% APRpaid last 24h +0.066%
Price spread now: Kraken Futures against Bitget+0.122%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.122%, 7d avg +0.082%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.082%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.197% in total (about 10.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HBARUSDT | 0.09448 | 0.0100 | pay 0.0100% / 8h | 5h 49m | $17.9M | $18.9M | 75x |
| Short | Kraken Futures PF_HBARUSD | 0.09460 | 0.0422 | get 0.0053% / 1h | 49m 34s | $1.4M | $3.7M | 50x |
Bitget HBARUSDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $67.72
- Price spread: +0.122% → +0.082%
- $4.02
- Slippage, 4 orders
- −$22.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $27.65
- Costs to cover
- 0.441%
- Break-even
- 4.1 days
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago | 1.06 bp | 8.8 bp −$9 | 16.2 bp −$162 | 60.4 bp −$6,036 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 3.18 bp | 9.0 bp −$9 | 16.1 bp −$161 | doesn't fit | doesn't fit |
HBAR on 28 exchanges
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 | −0.0072% | 1h | 0.09663 | +2.276% | $5K | $101K | 12x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09465 | +0.178% | $11K | — | 150x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09451 | +0.032% | $1K | $9K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09448 | 0.000% | $574K | $545K | 5x | as long as short |
| Gate HBAR_USDT | +0.0096% | 8h | 0.09444 | −0.042% | $2.5M | $2.9M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09457 | +0.092% | $8.6M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09449 | +0.010% | $202K | $375K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09445 | −0.032% | $35.7M | $114.6M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09443 | −0.053% | $33.4M | $37.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09448 | 0.000% | $6.6M | $27.0M | 50x | as long as short |
Injective HBAR/USDC PERP
gTrade (Gains Network) HBAR/USD
Orderly PERP_HBAR_USDC
Lighter HBAR
Gate HBAR_USDT
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAPShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09445 | −0.032% | $27.4M | $20.1M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09444 | −0.042% | $7.0M | $7.3M | 75x | as long as short |
| Bitget HBARUSDTlong | +0.0100% | 8h | 0.09448 | long leg | $17.9M | $18.9M | 75x | |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09443 | −0.053% | — | $7.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09457 | +0.095% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09437 | −0.115% | $1.0M | $100K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09463 | +0.157% | $388K | $3.7M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09464 | +0.169% | $153K | $702K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09453 | +0.053% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09467 | +0.201% | $72K | $65K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09453 | +0.053% | $2.5M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09442 | −0.065% | $50K | $307K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0173% | 1h | 0.09461 | +0.138% | $532K | $224K | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0192% | 1h | 0.09453 | +0.053% | $225K | $2.9M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09444 | −0.042% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09453 | +0.054% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0422% | 1h | 0.09460 | +0.122% | $1.4M | $3.7M | 50x | |
| dYdX HBAR-USD | +0.1011% | 1h | 0.09458 | +0.104% | $40K | $21K | 5x | as long as short |
MEXC HBAR_USDT
KuCoin HBARUSDTM
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
Deribit HBAR_USDC-PERPETUAL
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD