Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.304%
Price spread now: Phemex against Injective−0.097%7-day average +0.109% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.859%+$86 on $10k
+Price spread, last 4 days (all we have)+0.556%+$56 · spread now −0.097%, 7d avg +0.109%
=Funding pays, the price is against you. Phemex is 0.206% cheaper against Injective than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.109%). If the spread goes back, that is −$21 on $10k: about 10 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.859% in total) that is about 40 hours.
| 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 | 8m 41s | $1K | $103K | 12x |
| Short | Phemex HBARUSDT | 0.09273 | 0.0100 | get 0.0100% / 8h | 2h 08m | $2.1M | $2.2M | 50x |
Injective HBAR/USDC PERP
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $14
- Price spread: −0.097% → +0.109%
- −$20.62
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$18.64
- Costs to cover
- 0.120%
- Break-even
- 16.3 days
Slippage unknown: Injective: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 2.16 bp | 19.8 bp −$20 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0401% | 1h | 0.09276 | −0.065% | $33K | $201K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09287 | +0.057% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09293 | +0.114% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERPlong | +0.0033% | 1h | 0.09282 | long leg | $1K | $103K | 12x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0073% | 1h | 0.09291 | +0.097% | $512K | $177K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09284 | +0.022% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09292 | +0.108% | $215K | $2.4M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09291 | +0.097% | $561K | $615K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09295 | +0.141% | $8.7M | $3.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09294 | +0.127% | $199K | $335K | 50x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09288 | +0.066% | $34.0M | $111.8M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09291 | +0.097% | $32.1M | $35.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09288 | +0.065% | $6.6M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09295 | +0.140% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09290 | +0.086% | $25.3M | $19.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09292 | +0.108% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09289 | +0.075% | $17.3M | $16.0M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09289 | +0.075% | — | $6.8M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09279 | −0.034% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09279 | −0.032% | $371K | $2.9M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09283 | +0.011% | $151K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09280 | −0.022% | $431 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09300 | +0.194% | $71K | $70K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09273 | −0.097% | $2.1M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09284 | +0.024% | $48K | $226K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09272 | −0.108% | $1.4M | $5.7M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0245% | 1h | 0.09286 | +0.040% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0355% / S −0.0254% | 1h | 0.09292 | +0.109% | $82K | — | 100x | as long as short |
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
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]