Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.155%
Price spread now: Injective against Bybit−3.050%68s7-day average −0.074% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.742%−$74 on $10k
+Price spread, last 4 days (all we have)+2.651%+$265 · spread now −3.050%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.976% cheaper against Bybit than usual: you would sell low and buy high (−$298 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 68 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 | Bybit HBARUSDT | 0.09574 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $33.4M | $37.5M | 75x |
| Short | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | get 0.0004% / 1h | 22m 04s | $1K | $96K | 12x |
Bybit HBARUSDT
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −3.050% → −0.074%
- −$297.56
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$322.58
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
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, 2 min ago | 0.52 bp | 11.1 bp −$11 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0005% | 8h | 0.09571 | −0.031% | $2.5M | $2.9M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09577 | +0.032% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09282 | −3.050% | $1K | $96K | 12x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0063% | 1h | 0.09581 | +0.073% | $528K | $177K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09574 | 0.000% | $1K | $12K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09567 | −0.073% | $227K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09573 | −0.010% | $574K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09587 | +0.136% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09577 | +0.030% | $229K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09573 | −0.009% | $36.1M | $115.0M | 75x | as long as short |
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09574 | long leg | $33.4M | $37.5M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09577 | +0.031% | $6.7M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09576 | +0.021% | $27.1M | $20.7M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09576 | +0.021% | $7.4M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09576 | +0.021% | $18.0M | $17.6M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09578 | +0.042% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09578 | +0.042% | $37K | $203K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09520 | −0.568% | $1.1M | $177K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09550 | −0.251% | $384K | $3.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09557 | −0.178% | $155K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09572 | −0.021% | $444 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09586 | +0.125% | $73K | $75K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09574 | 0.000% | $2.4M | $2.7M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09574 | +0.002% | $50K | $305K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09567 | −0.073% | $1.6M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0283% | 1h | 0.09583 | +0.092% | $1.4M | $3.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0370% / S −0.0292% | 1h | 0.09563 | −0.111% | $85K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2396% | 1h | 0.09573 | −0.014% | $38K | $18K | 5x | as long as short |
OKX HBAR-USDT-SWAP
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
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD