Funding you earn now, next payment 07:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.268%
Price spread now: Deribit against Injective+0.431%63s7-day average +0.162% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.791%+$79 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.431%, 7d avg +0.162%
=The price spread pays, funding is against you. Deribit is 0.269% dearer against Injective than usual: you sell high and buy low (spread +0.431% now, against its 7-day average of +0.162%): +$27 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. Mind the row above: over the last 7 days funding on this pair paid +0.791%, so the current rate has only just turned against you. The two prices were read 63 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 | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | pay 0.0004% / 1h | 2m 13s | $1K | $103K | 12x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09322 | 0 | get 0.0000% / 1h | 2m 13s | $513K | $178K | 50x |
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- −$7
- Price spread: +0.431% → +0.162%
- $26.9
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $12.88
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 41 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 41 min ago | 4.85 bp | 8.3 bp −$8 | 15.5 bp −$155 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HBARUSD | −0.0265% | 1h | 0.09320 | +0.405% | $1.3M | $2.9M | 50x | as long as short |
| Backpack HBAR_USDC_PERP | −0.0213% | 1h | 0.09322 | +0.431% | $35K | $201K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09320 | +0.405% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09322 | +0.431% | $513K | $178K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09319 | +0.394% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERPlong | +0.0033% | 1h | 0.09282 | long leg | $1K | $103K | 12x | |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09314 | +0.345% | $4K | $10K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09325 | +0.463% | $206K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09315 | +0.356% | $561K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09326 | +0.475% | $8.7M | $3.7M | 5x | as long as short |
Kraken Futures PF_HBARUSD
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
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 | 0.09319 | +0.399% | $200K | $329K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09317 | +0.377% | $34.3M | $111.4M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09316 | +0.366% | $31.9M | $35.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09316 | +0.366% | $6.6M | $25.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09317 | +0.377% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09315 | +0.356% | $25.8M | $20.2M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09316 | +0.366% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09316 | +0.366% | $17.3M | $15.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09316 | +0.366% | — | $6.8M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09336 | +0.580% | $1.0M | $181K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09330 | +0.520% | $379K | $3.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09337 | +0.593% | $152K | $703K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09315 | +0.356% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09330 | +0.517% | $71K | $70K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09316 | +0.366% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09311 | +0.315% | $53K | $233K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09315 | +0.356% | $1.5M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0360% / S −0.0261% | 1h | 0.09318 | +0.391% | $84K | — | 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-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]