Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.009%
Price spread now: Bybit against Deribit−0.085%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.085%, 7d avg −0.093%
=The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09439 | 0 | get 0.0000% / 1h | 25m 11s | $520K | $190K | 50x |
| Short | Bybit HBARUSDT | 0.09431 | 0.0100 | get 0.0100% / 8h | 3h 25m | $33.4M | $35.1M | 75x |
Deribit HBAR_USDC-PERPETUAL
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $21
- Price spread: −0.085% → −0.093%
- $0.79
- Slippage, 4 orders
- −$19.88
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.08
- Costs to cover
- 0.379%
- Break-even
- 12.4 days
Slippage from Deribit: live order book, 29 min ago; Bybit: live order book, 4 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, 29 min ago | 5.29 bp | 8.8 bp −$9 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.53 bp | 11.0 bp −$11 | 20.4 bp −$204 | 69.1 bp −$6,908 | 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 | 0.09445 | +0.059% | $31K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09439 | long leg | $520K | $190K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09436 | −0.027% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.663% | $1K | $105K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09432 | −0.074% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09442 | +0.032% | $223K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09432 | −0.074% | $569K | $616K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09437 | −0.021% | $202K | $336K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09430 | −0.095% | $35.0M | $109.7M | 75x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09431 | −0.085% | $33.4M | $35.1M | 75x |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09432 | −0.074% | $6.7M | $25.8M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09437 | −0.021% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09433 | −0.064% | $26.2M | $19.7M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09436 | −0.032% | $7.6M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09433 | −0.064% | $17.2M | $15.5M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09435 | −0.042% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09446 | +0.074% | $38K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09440 | +0.008% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09478 | +0.418% | $386K | $2.7M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09452 | +0.138% | $154K | $712K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09431 | −0.085% | $438 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09452 | +0.138% | $72K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09432 | −0.074% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09430 | −0.092% | $50K | $273K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09436 | −0.032% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0356% | 1h | 0.09438 | −0.008% | $1.3M | $2.9M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0578% / S −0.0590% | 1h | 0.09437 | −0.025% | $147K | — | 100x | as long as short |
| Hyperliquid HBAR | +0.0626% | 1h | 0.09452 | +0.133% | $9.5M | $3.3M | 5x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
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
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
Hyperliquid HBAR