Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.003%
Price spread now: OKX against Deribit−0.086%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.086%, 7d avg −0.109%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.022% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.109%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09253 | 0 | get 0.0000% / 1h | 2m 25s | $509K | $152K | 50x |
| Short | OKX HBAR-USDT-SWAP | 0.09245 | 0.0100 | get 0.0100% / 8h | 7h 02m | $6.8M | $24.6M | 50x |
Deribit HBAR_USDC-PERPETUAL
OKX HBAR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.086% → −0.109%
- $2.24
- Slippage, 4 orders
- −$20.93
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$14.69
- Costs to cover
- 0.379%
- Break-even
- 11.9 days
Slippage from Deribit: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago | 4.28 bp | 8.8 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.54 bp | 11.1 bp −$11 | 24.1 bp −$241 | 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 | −0.0077% | 8h | 0.09260 | +0.076% | $7.3M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09274 | +0.226% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09253 | long leg | $509K | $152K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09252 | −0.012% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | +0.151% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0039% | 8h | 0.09251 | −0.022% | $2.4M | $3.4M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09252 | −0.011% | $225K | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0058% | 1h | 0.09246 | −0.070% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0065% | 8h | 0.09307 | +0.581% | $1.0M | $191K | — | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09242 | −0.120% | $53K | $275K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0075% | 8h | 0.09252 | −0.011% | $26.9M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0076% | 8h | 0.09246 | −0.076% | $34.8M | $104.7M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09246 | −0.076% | $2K | $17K | 10x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0079% | 8h | 0.09308 | +0.594% | $374K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0092% | 1h | 0.09314 | +0.659% | $149K | $723K | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09267 | +0.151% | $567K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09271 | +0.192% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09263 | +0.110% | $211K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09245 | −0.086% | $33.0M | $35.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAPshort | +0.0100% | 8h | 0.09245 | −0.086% | $6.8M | $24.6M | 50x | |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09243 | −0.108% | $17.2M | $14.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09246 | −0.076% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09264 | +0.119% | $34K | $109K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09240 | −0.140% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09306 | +0.573% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09251 | −0.022% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09267 | +0.151% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0494% / S −0.0562% | 1h | 0.09251 | −0.023% | $117K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Orderly PERP_HBAR_USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]