Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.043%111s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.043%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.025% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 111 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 | BloFin HBAR-USDT | 0.09342 | 0.0220 | pay 0.0220% / 8h | 5h 05m | $1.5M | $5.9M | 90x |
| Short | Binance HBARUSDT | 0.09338 | 0.0100 | get 0.0100% / 8h | 5h 05m | $34.9M | $114.5M | 75x |
BloFin HBAR-USDT
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: −0.043% → −0.018%
- −$2.5
- Slippage, 4 orders
- −$18.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.77
- Costs to cover
- 0.401%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 16 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 BloFin live order book, 6 min ago | 2.14 bp | 11.8 bp −$12 | 20.3 bp −$203 | 51.6 bp −$5,159 | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.54 bp | 8.8 bp −$9 | 20.5 bp −$205 | 76.3 bp −$7,631 | 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 | 0.08777 | −6.048% | $4K | $101K | 12x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09343 | +0.011% | $10K | — | 150x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09339 | −0.032% | $4K | $11K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09343 | +0.011% | $570K | $559K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09352 | +0.103% | $8.5M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09347 | +0.056% | $200K | $372K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09338 | −0.043% | $34.9M | $114.5M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09340 | −0.021% | $32.4M | $38.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09342 | 0.000% | $6.5M | $27.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09343 | +0.011% | $2.6M | $3.9M | 75x | as long as short |
Injective HBAR/USDC PERP
gTrade (Gains Network) HBAR/USD
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09339 | −0.032% | $27.2M | $20.7M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09342 | 0.000% | $6.9M | $7.3M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09344 | +0.021% | $17.6M | $19.6M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09342 | 0.000% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09342 | 0.000% | $35K | $204K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09339 | −0.032% | $1.0M | $99K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09348 | +0.066% | $379K | $3.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09350 | +0.086% | $151K | $703K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09340 | −0.021% | $434 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09366 | +0.257% | $71K | $69K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09339 | −0.032% | $2.4M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09336 | −0.065% | $50K | $306K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0178% | 1h | 0.09348 | +0.064% | $525K | $223K | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0192% | 1h | 0.09339 | −0.032% | $217K | $3.0M | 50x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09342 | long leg | $1.5M | $5.9M | 90x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0369% / S −0.0377% | 1h | 0.09346 | +0.039% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0427% | 1h | 0.09349 | +0.079% | $1.5M | $3.9M | 50x | as long as short |
| dYdX HBAR-USD | +0.0961% | 1h | 0.09340 | −0.019% | $40K | $21K | 5x | as long as short |
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
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
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD