Funding you earn now, next payment 06:00 UTC+0.0247%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h +0.082%
Price spread now: Kraken Futures against Deribit−0.036%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.272%+$27 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.036%, 7d avg +0.007%
=Funding pays, the price is against you. Kraken Futures is 0.042% cheaper against Deribit than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09218 | 0 | get 0.0000% / 1h | 46m 30s | $508K | $192K | 50x |
| Short | Kraken Futures PF_HBARUSD | 0.09215 | 0.0247 | get 0.0031% / 1h | 46m 30s | $1.3M | $3.0M | 50x |
Deribit HBAR_USDC-PERPETUAL
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $51.78
- Price spread: −0.036% → +0.007%
- −$4.23
- Slippage, 4 orders
- −$25.37
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.18
- Costs to cover
- 0.424%
- Break-even
- 6.3 days
Slippage from Deribit: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago | 5.96 bp | 9.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 3.79 bp | 13.4 bp −$13 | 25.2 bp −$252 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0001% | 1h | 0.09214 | −0.043% | $33K | $202K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09220 | +0.021% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09218 | long leg | $508K | $192K | 50x | |
| ApeX Omni HBARUSDT | +0.0005% | 1h | 0.09227 | +0.098% | $150K | $708K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09213 | −0.059% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.694% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09210 | −0.087% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09212 | −0.065% | $220K | $2.4M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09220 | +0.022% | $556K | $611K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09230 | +0.133% | $8.6M | $3.6M | 5x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
ApeX Omni HBARUSDT
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09223 | +0.057% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09218 | 0.000% | $33.9M | $111.3M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09219 | +0.011% | $32.2M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09222 | +0.043% | $6.5M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09219 | +0.011% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09222 | +0.043% | $25.3M | $19.4M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09220 | +0.022% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09222 | +0.043% | $17.0M | $15.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09218 | 0.000% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09228 | +0.107% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09229 | +0.119% | $373K | $2.8M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09212 | −0.065% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09227 | +0.098% | $70K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09213 | −0.054% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09217 | −0.011% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09205 | −0.141% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0247% | 1h | 0.09215 | −0.036% | $1.3M | $3.0M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0616% / S −0.0663% | 1h | 0.09211 | −0.077% | $156K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]