HBAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.036%

Price spread now: Hyperliquid against Coinbase International+0.048%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.048%, 7d avg +0.086%

Together, before fees+0.139%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.037% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.086%). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HBAR-PERP-INTX	0.09345	0.0056	pay 0.0007% / 1h	6m 54s	$228K	$2.3M	50x
Short	Hyperliquid HBAR	0.09349	0.0100	get 0.0013% / 1h	6m 54s	$9.0M	$2.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.048%Rate

Funding earned: $9.24
Price spread: +0.048% → +0.086%: −$3.75
Slippage, 4 orders: −$28.84
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$42.35
Costs to cover: 0.478%
Break-even: 39.1 days

Slippage from Coinbase International: live order book, 2 min ago; Hyperliquid: live order book, 5 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	1.61 bp	12.7 bp −$13	17.9 bp −$179	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.64 bp	11.0 bp −$11	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
KuCoin HBARUSDTM	−0.0078%	8h	0.09341	−0.043%	$7.4M	$7.5M	75x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09347	+0.021%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09344	−0.011%	$514K	$167K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0014%	1h	0.09342	−0.033%	$8K	—	150x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09267	−0.835%	$1K	$106K	12x	as long as short
Coinbase International HBAR-PERP-INTXlong	+0.0056%	1h	0.09345	long leg	$228K	$2.3M	50x
Kraken Futures PF_HBARUSD	+0.0057%	1h	0.09343	−0.018%	$1.4M	$2.4M	50x	as long as short
Variational Omni HBAR	+0.0068%	8h	0.09340	−0.054%	$1.0M	$191K	—	as long as short
Orderly PERP_HBAR_USDC	+0.0077%	8h	0.09335	−0.107%	$2K	$17K	10x	as long as short
MEXC HBAR_USDT	+0.0077%	8h	0.09335	−0.107%	$27.3M	$22.6M	200x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance HBARUSDT	+0.0078%	8h	0.09332	−0.142%	$35.1M	$106.1M	75x	as long as short
Extended HBAR-USD	+0.0080%	1h	0.09335	−0.108%	$53K	$277K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09337	−0.086%	$572K	$553K	5x	as long as short
Hyperliquid HBARshort	+0.0100%	1h	0.09349	+0.048%	$9.0M	$2.7M	5x
Aster HBARUSDT	+0.0100%	8h	0.09345	0.000%	$213K	$358K	50x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09331	−0.150%	$33.3M	$35.5M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09332	−0.139%	$6.9M	$25.1M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09336	−0.096%	$2.4M	$3.4M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09342	−0.032%	$17.3M	$14.9M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09333	−0.128%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09339	−0.064%	$35K	$108K	15x	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09351	+0.065%	$375K	$2.2M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09353	+0.086%	$149K	$728K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09336	−0.096%	$433	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09355	+0.107%	$74K	$60K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09336	−0.096%	$2.2M	$2.1M	50x	as long as short
BloFin HBAR-USDT	+0.0198%	8h	0.09339	−0.064%	$1.5M	$5.4M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0496% / S −0.0562%	1h	0.09339	−0.060%	$118K	—	100x	as long as short