Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h 0.000%

Price spread now: Gate against Coinbase International−0.856%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$590.589% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.881%+$88 · spread now −0.856%, 7d avg −0.013%

Together, before fees+0.907%+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.843% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.856% now, against its 7-day average of −0.013%). If the spread goes back, that is −$84 on $10k: about 8 months of funding at the current rate ($0 a day).

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	31m 42s	$220K	$2.3M	50x
Short	Gate HBAR_USDT	0.09151	0.0100	get 0.0100% / 8h	2h 31m	$2.4M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.856%Rate

Funding earned: $2.52
Price spread: −0.856% → −0.013%: −$84.3
Slippage, 4 orders: −$33.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$140.72
Costs to cover: 0.589%
Break-even: 397.9 days

Slippage from Coinbase International: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago	3.28 bp	10.5 bp −$10	16.4 bp −$164	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.18 bp	15.8 bp −$16	46.4 bp −$464	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
Backpack HBAR_USDC_PERP	−0.0236%	1h	0.09156	−0.802%	$32K	$203K	15x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09157	−0.795%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09160	−0.758%	$504K	$192K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0011%	1h	0.09161	−0.751%	$9K	—	150x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	+0.563%	$1K	$103K	12x	as long as short
Orderly PERP_HBAR_USDC	+0.0078%	8h	0.09153	−0.834%	$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	0.09155	−0.813%	$552K	$611K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09161	−0.751%	$8.6M	$3.6M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09159	−0.769%	$197K	$335K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance HBARUSDT	+0.0100%	8h	0.09153	−0.834%	$33.6M	$111.3M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09154	−0.823%	$31.8M	$35.6M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09153	−0.834%	$6.5M	$25.1M	50x	as long as short
Gate HBAR_USDTshort	+0.0100%	8h	0.09151	−0.856%	$2.4M	$2.7M	75x
MEXC HBAR_USDT	+0.0100%	8h	0.09152	−0.845%	$24.9M	$19.5M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09151	−0.856%	$7.3M	$7.5M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09153	−0.834%	$16.8M	$15.9M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09154	−0.823%	—	$6.7M	—	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09199	−0.335%	$1.0M	$188K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09202	−0.304%	$372K	$2.9M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09226	−0.043%	$150K	$709K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09152	−0.845%	$425	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09171	−0.639%	$69K	$69K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09156	−0.802%	$2.1M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09150	−0.869%	$47K	$230K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09164	−0.715%	$1.4M	$5.6M	90x	as long as short
Kraken Futures PF_HBARUSD	+0.0248%	1h	0.09158	−0.785%	$1.3M	$3.0M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0614% / S −0.0663%	1h	0.09160	−0.756%	$156K	—	100x	as long as short