Funding you earn now, next payment 07:00 UTC+0.0366%/8h= +40.1% APRpaid last 24h −0.087%
Price spread now: BingX against Kraken Futures−0.064%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$620.624% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.064%, 7d avg −0.091%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.091%. Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.0% 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 | 0.09306 | −0.0266 | get 0.0033% / 1h | 17m 31s | $1.3M | $3.0M | 50x |
| Short | BingX HBAR-USDC | 0.09300 | 0.0100 | get 0.0100% / 8h | 1h 17m | — | $6.7M | — |
Kraken Futures PF_HBARUSD
BingX HBAR-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $76.82
- Price spread: −0.064% → −0.091%
- $2.73
- Slippage, 4 orders
- −$42.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $17.2
- Costs to cover
- 0.624%
- Break-even
- 5.4 days
Slippage from Kraken Futures: live order book, 1 min ago; BingX: live order book, 5 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, 1 min ago | 4.30 bp | 13.0 bp −$13 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 1.08 bp | 16.3 bp −$16 | 78.7 bp −$787 | 481.1 bp −$48.1K | 953.6 bp −$476.8K |
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 | −0.0416% | 1h | 0.09302 | −0.042% | $35K | $201K | 15x | as long as short |
| Kraken Futures PF_HBARUSDlong | −0.0266% | 1h | 0.09306 | long leg | $1.3M | $3.0M | 50x | |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09297 | −0.099% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09303 | −0.031% | $512K | $178K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09302 | −0.044% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.257% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09296 | −0.107% | $4K | $13K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09297 | −0.096% | $211K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09299 | −0.074% | $560K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09308 | +0.022% | $8.7M | $3.7M | 5x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
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 | 0.09301 | −0.056% | $200K | $329K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09296 | −0.106% | $34.3M | $111.5M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09300 | −0.064% | $31.8M | $35.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09301 | −0.053% | $6.6M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09300 | −0.064% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09301 | −0.053% | $25.1M | $20.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09300 | −0.064% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09301 | −0.053% | $17.3M | $15.9M | 75x | as long as short |
| BingX HBAR-USDCshort | +0.0100% | 8h | 0.09300 | −0.064% | — | $6.7M | — | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09262 | −0.473% | $1.0M | $185K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09294 | −0.127% | $384K | $3.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09267 | −0.418% | $150K | $704K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09301 | −0.053% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09309 | +0.033% | $71K | $70K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09300 | −0.064% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09294 | −0.128% | $59K | $221K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09301 | −0.053% | $1.5M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0360% / S −0.0261% | 1h | 0.09302 | −0.045% | $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
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]