Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.006%
Price spread now: Binance against Coinbase International−0.796%53s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as 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−$420.423% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.823%+$82 · spread now −0.796%, 7d avg −0.029%
=Funding pays, the price is against you. Binance is 0.767% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.796% now, against its 7-day average of −0.029%). If the spread goes back, that is −$77 on $10k: about 7 months of funding at the current rate ($0 a day). The two prices were read 53 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 | Coinbase International HBAR-PERP-INTX | 0.09230 | 0.0088 | pay 0.0011% / 1h | 30m 30s | $220K | $2.3M | 50x |
| Short | Binance HBARUSDT | 0.09157 | 0.0100 | get 0.0100% / 8h | 2h 30m | $33.6M | $111.3M | 75x |
Coinbase International HBAR-PERP-INTX
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $2.52
- Price spread: −0.796% → −0.029%
- −$76.69
- Slippage, 4 orders
- −$22.29
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$116.45
- Costs to cover
- 0.423%
- Break-even
- 330.5 days
Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 12 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 Coinbase International live order book, 3 min ago | 3.28 bp | 10.5 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.54 bp | 8.4 bp −$8 | 18.2 bp −$182 | 54.6 bp −$5,463 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0253% | 1h | 0.09154 | −0.823% | $32K | $203K | 15x | as long as short |
| ApeX Omni HBARUSDT | −0.0015% | 1h | 0.09162 | −0.737% | $149K | $709K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09157 | −0.795% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09161 | −0.750% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.563% | $1K | $103K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0078% | 1h | 0.09156 | −0.802% | $504K | $192K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09148 | −0.888% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0088% | 1h | 0.09230 | long leg | $220K | $2.3M | 50x | |
| Lighter HBAR | +0.0096% | 1h | 0.09151 | −0.856% | $552K | $611K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09167 | −0.685% | $8.6M | $3.6M | 5x | as long as short |
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09164 | −0.716% | $197K | $335K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09157 | −0.796% | $33.6M | $111.3M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09159 | −0.769% | $31.8M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09159 | −0.769% | $6.5M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09155 | −0.813% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09156 | −0.802% | $24.8M | $19.5M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09158 | −0.780% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09159 | −0.769% | $16.8M | $15.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09157 | −0.791% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09149 | −0.877% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09156 | −0.807% | $372K | $2.9M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09149 | −0.878% | $425 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09165 | −0.704% | $69K | $69K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09151 | −0.856% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09150 | −0.861% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09153 | −0.834% | $1.4M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0248% | 1h | 0.09154 | −0.823% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0616% / S −0.0666% | 1h | 0.09161 | −0.745% | $156K | — | 100x | as long as short |
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]