Funding you earn now, next payment 03:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.025%
Price spread now: KuCoin against Deribit0.000%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now 0.000%, 7d avg −0.065%
=The price spread pays, funding is against you. KuCoin is 0.065% dearer against Deribit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.065%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.015% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09201 | 0.0294 | pay 0.0037% / 1h | 2m 38s | $507K | $152K | 50x |
| Short | KuCoin HBARUSDTM | 0.09201 | 0.0002 | get 0.0002% / 8h | 5h 02m | $7.1M | $7.2M | 75x |
Deribit HBAR_USDC-PERPETUAL
KuCoin HBARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$61.32
- Price spread: 0.000% → −0.065%
- $6.54
- Slippage, 4 orders
- −$29.25
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$103.03
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 61 min ago; KuCoin: live order book, 5 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, 61 min ago | 3.80 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.26 bp | 19.9 bp −$20 | 46.4 bp −$464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09207 | +0.067% | $30K | $4K | 5x | as long as short |
| KuCoin HBARUSDTMshort | +0.0002% | 8h | 0.09201 | 0.000% | $7.1M | $7.2M | 75x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09195 | −0.067% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0023% | 8h | 0.09198 | −0.033% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09194 | −0.076% | $232K | $2.0M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09190 | −0.120% | $2K | $14K | 10x | as long as short |
| Variational Omni HBAR | +0.0084% | 8h | 0.09175 | −0.286% | $1.0M | $187K | — | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.880% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09196 | −0.054% | $559K | $592K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09220 | +0.211% | $8.7M | $2.7M | 5x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Injective HBAR/USDC PERP
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 | 0.09208 | +0.081% | $210K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09196 | −0.052% | $33.9M | $104.3M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09192 | −0.098% | $32.5M | $33.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09193 | −0.087% | $6.6M | $24.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09201 | 0.000% | $25.9M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09196 | −0.054% | $16.9M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09200 | −0.011% | — | $6.1M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09195 | −0.065% | $42K | $165K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09176 | −0.272% | $369K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09181 | −0.217% | $146K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09192 | −0.098% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09201 | 0.000% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09194 | −0.076% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09200 | −0.015% | $47K | $277K | 10x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0206% | 1h | 0.09198 | −0.032% | $1.4M | $2.5M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09194 | −0.076% | $1.5M | $5.4M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0294% | 1h | 0.09201 | long leg | $507K | $152K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0346% / S −0.0242% | 1h | 0.09195 | −0.064% | $79K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]