Funding you earn now, next payment 03:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.017%
Price spread now: Deribit against Coinbase International+0.086%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.086%, 7d avg +0.054%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.032% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.054%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HBAR-PERP-INTX | 0.09338 | 0.0064 | pay 0.0008% / 1h | 14m 59s | $224K | $2.1M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09346 | 0.0285 | get 0.0036% / 1h | 14m 59s | $515K | $179K | 50x |
Coinbase International HBAR-PERP-INTX
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $46.41
- Price spread: +0.086% → +0.054%
- $3.15
- Slippage, 4 orders
- −$25.15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $7.41
- Costs to cover
- 0.421%
- Break-even
- 5.9 days
Slippage from Coinbase International: live order book, 4 min ago; Deribit: live order book, 44 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, 4 min ago | 1.08 bp | 11.4 bp −$11 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 44 min ago | 4.88 bp | 8.4 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09339 | +0.012% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09343 | +0.049% | $9K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0025% | 8h | 0.09337 | −0.011% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.600% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0064% | 1h | 0.09338 | long leg | $224K | $2.1M | 50x | |
| Gate HBAR_USDT | +0.0073% | 8h | 0.09340 | +0.021% | $2.4M | $2.8M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09338 | 0.000% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09332 | −0.064% | $565K | $598K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09344 | +0.059% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09342 | +0.043% | $214K | $315K | 50x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09332 | −0.064% | $34.3M | $106.0M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09332 | −0.064% | $32.9M | $34.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09349 | +0.118% | $6.7M | $25.1M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09337 | −0.011% | $26.1M | $19.7M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09350 | +0.129% | $17.1M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09332 | −0.064% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09335 | −0.032% | $38K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09310 | −0.301% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09317 | −0.221% | $383K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09314 | −0.257% | $149K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09334 | −0.043% | $433 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09360 | +0.236% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09337 | −0.011% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09337 | −0.011% | $53K | $274K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09337 | −0.011% | $1.5M | $5.5M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0285% | 1h | 0.09346 | +0.086% | $515K | $179K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0348% / S −0.0242% | 1h | 0.09343 | +0.057% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0388% | 1h | 0.09343 | +0.052% | $1.4M | $2.7M | 50x | as long as short |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
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
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD