Funding you earn now, next payment 11:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h −0.012%
Price spread now: Orderly against Deribit−0.159%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.159% cheaper against Deribit than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09461 | 0.0173 | pay 0.0022% / 1h | 49m 20s | $532K | $224K | 50x |
| Short | Orderly PERP_HBAR_USDC | 0.09446 | 0.0092 | get 0.0092% / 8h | 5h 49m | $1K | $9K | 10x |
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$17
- Price spread: −0.159% → 0.000%
- −$15.85
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$45.85
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 62 min ago; Orderly: no order-book sample. Net counts fees only.
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, 62 min ago | 5.17 bp | 8.7 bp −$9 | 116.2 bp −$1,162 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HBAR on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0072% | 1h | 0.09663 | +2.135% | $5K | $101K | 12x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09465 | +0.040% | $11K | — | 150x | as long as short |
| ApeX Omni HBARUSDT | +0.0064% | 1h | 0.09447 | −0.148% | $153K | $702K | 50x | as long as short |
| Orderly PERP_HBAR_USDCshort | +0.0092% | 8h | 0.09446 | −0.159% | $1K | $9K | 10x | |
| Lighter HBAR | +0.0096% | 1h | 0.09448 | −0.137% | $574K | $545K | 5x | as long as short |
| Gate HBAR_USDT | +0.0096% | 8h | 0.09446 | −0.159% | $2.5M | $2.9M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09457 | −0.038% | $8.6M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09453 | −0.088% | $202K | $375K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09449 | −0.127% | $35.7M | $114.5M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09446 | −0.159% | $33.4M | $37.8M | 75x | as long as short |
Injective HBAR/USDC PERP
gTrade (Gains Network) HBAR/USD
ApeX Omni HBARUSDT
Lighter HBAR
Gate HBAR_USDT
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09452 | −0.095% | $6.6M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09446 | −0.159% | $27.4M | $20.1M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09448 | −0.137% | $7.0M | $7.3M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09448 | −0.137% | $17.9M | $18.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09448 | −0.137% | — | $7.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09457 | −0.042% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09437 | −0.253% | $1.0M | $100K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09463 | +0.019% | $388K | $3.7M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09453 | −0.085% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09467 | +0.063% | $72K | $65K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09453 | −0.085% | $2.5M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09442 | −0.202% | $50K | $307K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0173% | 1h | 0.09461 | long leg | $532K | $224K | 50x | |
| Coinbase International HBAR-PERP-INTX | +0.0192% | 1h | 0.09453 | −0.085% | $225K | $2.9M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09444 | −0.180% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09453 | −0.084% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0422% | 1h | 0.09460 | −0.015% | $1.4M | $3.7M | 50x | as long as short |
| dYdX HBAR-USD | +0.1024% | 1h | 0.09450 | −0.119% | $40K | $21K | 5x | as long as short |
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD