Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%
Price spread now: Phemex against gTrade (Gains Network)+0.112%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.112% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | gTrade (Gains Network) HBAR/USD | 0.09153 | L +0.0007% / S −0.0011% | pay 0.0001% / 1h | 23m 33s | $9K | — | 150x |
| Short | Phemex HBARUSDT | 0.09163 | 0.0100 | get 0.0100% / 8h | 2h 23m | $2.1M | $2.2M | 50x |
gTrade (Gains Network) HBAR/USD
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $19.59
- Price spread: +0.112% → 0.000%
- $11.24
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $8.83
- Costs to cover
- 0.220%
- Break-even
- 3.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 1.64 bp | 18.5 bp −$19 | 33.2 bp −$332 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0328% | 1h | 0.09163 | +0.112% | $32K | $202K | 15x | as long as short |
| ApeX Omni HBARUSDT | −0.0004% | 1h | 0.09140 | −0.139% | $149K | $709K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09156 | +0.038% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USDlong | L +0.0007% / S −0.0011% | 1h | 0.09153 | long leg | $9K | — | 150x | |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.413% | $1K | $103K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0077% | 1h | 0.09168 | +0.167% | $505K | $177K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09158 | +0.058% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09162 | +0.101% | $218K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09152 | −0.008% | $553K | $612K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09158 | +0.057% | $8.6M | $3.6M | 5x | as long as short |
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
dYdX HBAR-USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
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 | 0.09153 | +0.007% | $196K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09148 | −0.051% | $33.5M | $111.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09151 | −0.019% | $31.7M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09150 | −0.030% | $6.5M | $25.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09152 | −0.008% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09147 | −0.062% | $24.4M | $19.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09149 | −0.041% | $7.2M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09151 | −0.019% | $16.9M | $15.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09147 | −0.062% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09140 | −0.139% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09161 | +0.088% | $373K | $2.9M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09164 | +0.123% | $425 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09169 | +0.178% | $69K | $69K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09163 | +0.112% | $2.1M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09151 | −0.018% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09149 | −0.041% | $1.4M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0248% | 1h | 0.09167 | +0.157% | $1.3M | $2.9M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0353% / S −0.0254% | 1h | 0.09160 | +0.079% | $81K | — | 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
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]