Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.028%
Price spread now: MEXC against BloFin−0.032%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.032%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.021% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HBAR-USDT | 0.09354 | 0.0220 | pay 0.0220% / 8h | 3h 15m | $1.5M | $5.6M | 90x |
| Short | MEXC HBAR_USDT | 0.09351 | 0.0100 | get 0.0100% / 8h | 3h 15m | $25.9M | $19.8M | 200x |
BloFin HBAR-USDT
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.032% → −0.011%
- −$2.11
- Slippage, 4 orders
- −$15.63
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$54.94
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; MEXC: live order book, 4 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, 8 min ago | 4.78 bp | 11.2 bp −$11 | 15.7 bp −$157 | 38.1 bp −$3,814 | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.53 bp | 0.7 bp −$1 | 8.5 bp −$85 | 40.7 bp −$4,074 | 127.1 bp −$63.5K |
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 | 0.09360 | +0.066% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09351 | −0.032% | $515K | $190K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09349 | −0.057% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.770% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09354 | 0.000% | $230K | $2.3M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09344 | −0.107% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09351 | −0.032% | $564K | $617K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09355 | +0.006% | $201K | $336K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09349 | −0.051% | $34.6M | $110.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09348 | −0.064% | $32.9M | $35.3M | 75x | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Binance 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 | 0.09349 | −0.053% | $6.6M | $25.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09354 | 0.000% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDTshort | +0.0100% | 8h | 0.09351 | −0.032% | $25.9M | $19.8M | 200x | |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09356 | +0.021% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09350 | −0.043% | $17.0M | $15.6M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09351 | −0.032% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09351 | −0.032% | $38K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09356 | +0.020% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09366 | +0.128% | $384K | $2.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09367 | +0.139% | $151K | $714K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09348 | −0.064% | $434 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09366 | +0.128% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09354 | 0.000% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09344 | −0.108% | $48K | $276K | 10x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09354 | long leg | $1.5M | $5.6M | 90x | |
| Kraken Futures PF_HBARUSD | +0.0359% | 1h | 0.09352 | −0.019% | $1.3M | $2.9M | 50x | as long as short |
| Hyperliquid HBAR | +0.0605% | 1h | 0.09369 | +0.161% | $9.4M | $3.3M | 5x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0606% / S −0.0638% | 1h | 0.09348 | −0.062% | $154K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate 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
Kraken Futures PF_HBARUSD
Hyperliquid HBAR
GMX HBAR/USD [WBTC.b-USDC]