Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%
Price spread now: Binance against Deribit−0.411%55s7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as 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−$340.344% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)+0.349%+$35 · spread now −0.411%, 7d avg −0.087%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.324% cheaper against Deribit than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.087%. The two prices were read 55 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 | Deribit HBAR_USDC-PERPETUAL | 0.09243 | 0.0075 | pay 0.0009% / 1h | 42m 22s | $509K | $154K | 50x |
| Short | Binance HBARUSDT | 0.09205 | 0.0071 | get 0.0071% / 8h | 6h 42m | $34.3M | $104.6M | 75x |
Deribit HBAR_USDC-PERPETUAL
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$0.83
- Price spread: −0.411% → −0.087%
- −$32.41
- Slippage, 4 orders
- −$17.35
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.59
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 26 min ago; Binance: live order book, just now.
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 Deribit live order book, 26 min ago | 4.28 bp | 8.8 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Binance live order book, just now | 0.54 bp | 9.0 bp −$9 | 22.9 bp −$229 | 71.0 bp −$7,098 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0091% | 1h | 0.09264 | +0.227% | $148K | $724K | 50x | as long as short |
| KuCoin HBARUSDTM | −0.0077% | 8h | 0.09207 | −0.389% | $7.2M | $7.4M | 75x | as long as short |
| Lighter HBAR | 0.0000% | 1h | 0.09200 | −0.465% | $559K | $595K | 5x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09205 | −0.408% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09208 | −0.381% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.422% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09258 | +0.162% | $226K | $2.1M | 50x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0068% | 8h | 0.09231 | −0.128% | $376K | $2.2M | 10x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09241 | −0.019% | $1.4M | $2.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0071% | 8h | 0.09206 | −0.400% | $26.3M | $21.7M | 200x | as long as short |
ApeX Omni HBARUSDT
KuCoin HBARUSDTM
Lighter HBAR
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
GRVT HBAR_USDT_Perp
Kraken Futures PF_HBARUSD
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDTshort | +0.0071% | 8h | 0.09205 | −0.411% | $34.3M | $104.6M | 75x | |
| Extended HBAR-USD | +0.0072% | 1h | 0.09199 | −0.475% | $47K | $278K | 10x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0074% | 8h | 0.09202 | −0.444% | $2K | $17K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0075% | 1h | 0.09243 | long leg | $509K | $154K | 50x | |
| Variational Omni HBAR | +0.0075% | 8h | 0.09246 | +0.033% | $1.0M | $186K | — | as long as short |
| Gate HBAR_USDT | +0.0079% | 8h | 0.09204 | −0.422% | $2.4M | $3.0M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09221 | −0.238% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09209 | −0.364% | $210K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09203 | −0.433% | $32.8M | $35.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09204 | −0.422% | $6.7M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09205 | −0.411% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09203 | −0.433% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09227 | −0.173% | $34K | $120K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09235 | −0.087% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09256 | +0.141% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09235 | −0.087% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09272 | +0.314% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0486% / S −0.0549% | 1h | 0.09208 | −0.380% | $114K | — | 100x | as long as short |
Extended HBAR-USD
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Gate HBAR_USDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]