Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.010%
Price spread now: Coinbase International against Deribit−0.011%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)−0.055%−$5 · spread now −0.011%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.043% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09349 | 0 | get 0.0000% / 1h | 25m 21s | $515K | $166K | 50x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09348 | 0.0056 | get 0.0007% / 1h | 25m 21s | $227K | $2.3M | 50x |
Deribit HBAR_USDC-PERPETUAL
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $11.76
- Price spread: −0.011% → −0.053%
- $4.26
- Slippage, 4 orders
- −$27.69
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$28.67
- Costs to cover
- 0.447%
- Break-even
- 24.1 days
Slippage from Deribit: live order book, 48 min ago; Coinbase International: 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, 48 min ago | 5.40 bp | 8.9 bp −$9 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.69 bp | 14.1 bp −$14 | 19.6 bp −$196 | 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 | −0.0076% | 8h | 0.09333 | −0.171% | $7.4M | $7.7M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09351 | +0.016% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09349 | long leg | $515K | $166K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09346 | −0.031% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.877% | $1K | $106K | 12x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0052% | 8h | 0.09316 | −0.358% | $379K | $2.2M | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0056% | 1h | 0.09348 | −0.011% | $227K | $2.3M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09350 | +0.005% | $1.4M | $2.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09339 | −0.102% | $53K | $332K | 10x | as long as short |
| Variational Omni HBAR | +0.0074% | 8h | 0.09339 | −0.107% | $1.0M | $191K | — | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
GRVT HBAR_USDT_Perp
Kraken Futures PF_HBARUSD
Extended HBAR-USD
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0074% | 8h | 0.09334 | −0.160% | $26.6M | $22.4M | 200x | as long as short |
| Binance HBARUSDT | +0.0076% | 8h | 0.09341 | −0.085% | $35.1M | $108.5M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09342 | −0.075% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09347 | −0.021% | $572K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09347 | −0.020% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09345 | −0.048% | $213K | $407K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09341 | −0.086% | $33.3M | $35.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09342 | −0.075% | $6.9M | $25.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09343 | −0.064% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09343 | −0.064% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09341 | −0.086% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09350 | +0.011% | $34K | $106K | 15x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09322 | −0.289% | $149K | $718K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09342 | −0.075% | $434 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09362 | +0.139% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09346 | −0.032% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09343 | −0.064% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0562% | 1h | 0.09346 | −0.031% | $118K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]