Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.012%
Price spread now: Coinbase International against Bybit−0.032%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.032%, 7d avg +0.043%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.075% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HBARUSDT | 0.09342 | 0.0100 | pay 0.0100% / 8h | 7h 25m | $33.3M | $35.9M | 75x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09339 | 0.0056 | get 0.0007% / 1h | 25m 29s | $228K | $2.3M | 50x |
Bybit HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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: −0.032% → +0.043%
- −$7.49
- Slippage, 4 orders
- −$28.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$65.87
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 3 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 Bybit live order book, 3 min ago | 0.54 bp | 10.0 bp −$10 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.69 bp | 14.1 bp −$14 | 19.6 bp −$196 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0076% | 8h | 0.09333 | −0.096% | $7.4M | $7.7M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09351 | +0.091% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09350 | +0.087% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.803% | $1K | $106K | 12x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0052% | 8h | 0.09316 | −0.284% | $379K | $2.2M | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0056% | 1h | 0.09339 | −0.032% | $228K | $2.3M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09359 | +0.186% | $1.4M | $2.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09341 | −0.007% | $53K | $332K | 10x | as long as short |
| Variational Omni HBAR | +0.0074% | 8h | 0.09339 | −0.033% | $1.0M | $191K | — | as long as short |
| MEXC HBAR_USDT | +0.0074% | 8h | 0.09334 | −0.086% | $26.6M | $22.4M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
GRVT HBAR_USDT_Perp
Kraken Futures PF_HBARUSD
Extended HBAR-USD
Variational Omni HBAR
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0076% | 8h | 0.09342 | +0.003% | $35.1M | $108.4M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09346 | +0.043% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09344 | +0.021% | $572K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09347 | +0.055% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09346 | +0.039% | $213K | $407K | 50x | as long as short |
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09342 | long leg | $33.3M | $35.9M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09343 | +0.011% | $6.9M | $25.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09345 | +0.032% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09334 | −0.086% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09342 | 0.000% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09350 | +0.086% | $34K | $106K | 15x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09322 | −0.214% | $149K | $718K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09351 | +0.096% | $434 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09341 | −0.011% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09347 | +0.054% | $2.2M | $2.1M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0178% | 1h | 0.09356 | +0.150% | $515K | $166K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0195% | 8h | 0.09318 | −0.257% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0463% | 1h | 0.09351 | +0.096% | $124K | — | 100x | as long as short |
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]