Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.001%

Price spread now: KuCoin against gTrade (Gains Network)−0.036%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. KuCoin is 0.036% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 41 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HBAR/USD	0.09478	L +0.0007% / S −0.0011%	pay 0.0001% / 1h	39m 44s	$9K	—	150x
Short	KuCoin HBARUSDTM	0.09475	0.0077	get 0.0077% / 8h	3h 39m	$7.5M	$7.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: $14.76
Price spread: −0.036% → 0.000%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.87
Costs to cover: 0.220%
Break-even: 12.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	1.05 bp	12.8 bp −$13	35.4 bp −$354	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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	0.09471	−0.082%	$31K	$4K	5x	as long as short
gTrade (Gains Network) HBAR/USDlong	L +0.0007% / S −0.0011%	1h	0.09478	long leg	$9K	—	150x
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	−2.072%	$1K	$105K	12x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0067%	1h	0.09478	−0.005%	$522K	$190K	50x	as long as short
KuCoin HBARUSDTMshort	+0.0077%	8h	0.09475	−0.036%	$7.5M	$7.4M	75x
Orderly PERP_HBAR_USDC	+0.0080%	8h	0.09470	−0.089%	$3K	$14K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0080%	1h	0.09475	−0.036%	$233K	$2.3M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09464	−0.152%	$570K	$614K	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09475	−0.033%	$216K	$325K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09462	−0.172%	$35.1M	$108.9M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HBARUSDT	+0.0100%	8h	0.09465	−0.142%	$33.4M	$35.0M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09467	−0.121%	$6.7M	$25.8M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09474	−0.047%	$2.5M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09473	−0.057%	$26.4M	$19.6M	200x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09470	−0.089%	$17.4M	$15.3M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09468	−0.110%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09475	−0.036%	$39K	$201K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09470	−0.091%	$1.0M	$187K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09481	+0.027%	$383K	$2.7M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09503	+0.259%	$154K	$709K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09470	−0.089%	$440	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09492	+0.143%	$72K	$68K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09469	−0.100%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09471	−0.078%	$50K	$277K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09467	−0.121%	$1.5M	$5.5M	90x	as long as short
Kraken Futures PF_HBARUSD	+0.0355%	1h	0.09477	−0.016%	$1.4M	$2.9M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0356% / S −0.0250%	1h	0.09477	−0.020%	$83K	—	100x	as long as short
Hyperliquid HBAR	+0.0713%	1h	0.09484	+0.064%	$9.6M	$3.2M	5x	as long as short