Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0455%/8h= −49.9% APRpaid last 24h −0.153%

Price spread now: Binance against Kraken Futures+0.050%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.050%, 7d avg −0.096%

Together, before fees−0.277%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.146% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.096%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.251% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.251% in total (about -13.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HBARUSD	0.09223	0.0491	pay 0.0061% / 1h	30m 41s	$1.4M	$2.4M	50x
Short	Binance HBARUSDT	0.09228	0.0036	get 0.0036% / 8h	3h 30m	$34.7M	$111.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$95.62
Price spread: +0.050% → −0.096%: $14.62
Slippage, 4 orders: −$24.95
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$125.95
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 3 min ago.

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 Kraken Futures live order book, 4 min ago	7.06 bp	16.1 bp −$16	26.3 bp −$263	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.54 bp	8.3 bp −$8	14.2 bp −$142	49.8 bp −$4,980	doesn't fit

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
Injective HBAR/USDC PERP	−0.0724%	1h	0.09229	+0.061%	$2K	$59K	12x	as long as short
Gate HBAR_USDT	−0.0044%	8h	0.09228	+0.050%	$2.4M	$3.7M	75x	as long as short
Backpack HBAR_USDC_PERP	−0.0041%	1h	0.09220	−0.037%	$30K	$124K	15x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09219	−0.047%	$508K	$152K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0014%	1h	0.09218	−0.063%	$8K	—	150x	as long as short
KuCoin HBARUSDTM	+0.0009%	8h	0.09220	−0.037%	$7.4M	$8.2M	75x	as long as short
Extended HBAR-USD	+0.0032%	1h	0.09227	+0.035%	$51K	$210K	10x	as long as short
MEXC HBAR_USDT	+0.0034%	8h	0.09226	+0.028%	$22.9M	$23.3M	200x	as long as short
Binance HBARUSDTshort	+0.0036%	8h	0.09228	+0.050%	$34.7M	$111.4M	75x
Variational Omni HBAR	+0.0057%	8h	0.09213	−0.116%	$1.0M	$208K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HBAR_USDC	+0.0074%	8h	0.09212	−0.123%	$3K	$17K	10x	as long as short
GRVT HBAR_USDT_Perp	+0.0086%	8h	0.09205	−0.195%	$382K	$2.0M	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0088%	1h	0.09217	−0.069%	$219K	$2.2M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09227	+0.039%	$567K	$592K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09237	+0.150%	$8.8M	$3.0M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09224	+0.010%	$216K	$452K	50x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09227	+0.039%	$33.0M	$37.3M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09227	+0.039%	$6.9M	$24.7M	50x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09233	+0.104%	$17.1M	$14.7M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09226	+0.028%	—	$5.9M	—	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09205	−0.199%	$147K	$699K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09213	−0.112%	$428	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09233	+0.104%	$73K	$53K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09217	−0.069%	$2.2M	$2.2M	50x	as long as short
BloFin HBAR-USDT	+0.0139%	8h	0.09216	−0.080%	$1.4M	$5.5M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0444% / S −0.0478%	1h	0.09216	−0.078%	$103K	—	100x	as long as short
Kraken Futures PF_HBARUSDlong	+0.0491%	1h	0.09223	long leg	$1.4M	$2.4M	50x
dYdX HBAR-USD	+0.4052%	1h	0.09230	+0.068%	$30K	$4K	5x	as long as short