Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.5% APRpaid last 24h +0.019%
Price spread now: BloFin against Deribit−0.086%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.086%, 7d avg −0.060%
=Funding pays, the price is against you. BloFin is 0.026% cheaper against Deribit than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.060%). If the spread goes back, that is −$3 on $10k: about 3.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.241% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09309 | 0.0180 | pay 0.0023% / 1h | 50m 50s | $513K | $166K | 50x |
| Short | BloFin HBAR-USDT | 0.09301 | 0.0202 | get 0.0202% / 8h | 7h 50m | $1.5M | $5.8M | 90x |
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $4.71
- Price spread: −0.086% → −0.060%
- −$2.63
- Slippage, 4 orders
- −$22.06
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$38.98
- Costs to cover
- 0.411%
- Break-even
- 64.9 days
Slippage from Deribit: live order book, 23 min ago; BloFin: live order book, 3 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 Deribit live order book, 23 min ago | 5.40 bp | 8.9 bp −$9 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.08 bp | 9.6 bp −$10 | 17.0 bp −$170 | 41.1 bp −$4,112 | 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 | −0.0210% | 1h | 0.09319 | +0.107% | $149K | $711K | 50x | as long as short |
| Gate HBAR_USDT | −0.0206% | 8h | 0.09294 | −0.161% | $2.4M | $3.3M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0078% | 8h | 0.09298 | −0.118% | $7.4M | $7.9M | 75x | as long as short |
| GRVT HBAR_USDT_Perp | −0.0021% | 8h | 0.09338 | +0.313% | $376K | $2.2M | 10x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09341 | +0.344% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09311 | +0.024% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.451% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09304 | −0.054% | $232K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09305 | −0.041% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09304 | −0.053% | $1.0M | $202K | — | as long as short |
ApeX Omni HBARUSDT
Gate HBAR_USDT
KuCoin HBARUSDTM
GRVT HBAR_USDT_Perp
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09297 | −0.129% | $2K | $17K | 10x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09295 | −0.151% | $51K | $226K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0082% | 8h | 0.09293 | −0.172% | $26.3M | $22.2M | 200x | as long as short |
| Binance HBARUSDT | +0.0082% | 8h | 0.09288 | −0.226% | $35.0M | $109.7M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09301 | −0.086% | $570K | $547K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09308 | −0.013% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09303 | −0.070% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09289 | −0.215% | $33.1M | $36.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09291 | −0.193% | $6.9M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09292 | −0.183% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09293 | −0.172% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09300 | −0.097% | $37K | $103K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09299 | −0.107% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09349 | +0.430% | $74K | $59K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09302 | −0.075% | $2.2M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0180% | 1h | 0.09309 | long leg | $513K | $166K | 50x | |
| BloFin HBAR-USDTshort | +0.0202% | 8h | 0.09301 | −0.086% | $1.5M | $5.8M | 90x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0491% / S −0.0555% | 1h | 0.09309 | +0.004% | $116K | — | 100x | as long as short |
Orderly PERP_HBAR_USDC
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Lighter HBAR
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
GMX HBAR/USD [WBTC.b-USDC]