Funding you earn now, next payment 01:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h −0.124%
Price spread now: Coinbase International against Kraken Futures−0.095%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.095%, 7d avg −0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09180 | 0.0069 | pay 0.0009% / 1h | 40m 11s | $1.4M | $2.4M | 50x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09171 | 0.0064 | get 0.0008% / 1h | 40m 11s | $219K | $2.1M | 50x |
Kraken Futures PF_HBARUSD
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$1.13
- Price spread: −0.095% → −0.061%
- −$3.38
- Slippage, 4 orders
- −$32.96
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$57.47
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 4 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, 3 min ago | 5.41 bp | 13.5 bp −$14 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.16 bp | 14.6 bp −$15 | 20.6 bp −$206 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0075% | 8h | 0.09161 | −0.204% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09180 | +0.004% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09158 | −0.237% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0030% | 8h | 0.09152 | −0.302% | $2.4M | $3.0M | 75x | as long as short |
| ApeX Omni HBARUSDT | +0.0031% | 1h | 0.09247 | +0.733% | $148K | $723K | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.114% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0064% | 1h | 0.09176 | −0.040% | $557K | $595K | 5x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0064% | 1h | 0.09171 | −0.095% | $219K | $2.1M | 50x | |
| GRVT HBAR_USDT_Perp | +0.0068% | 8h | 0.09231 | +0.561% | $376K | $2.2M | 10x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0069% | 1h | 0.09180 | long leg | $1.4M | $2.4M | 50x |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
ApeX Omni HBARUSDT
Injective HBAR/USDC PERP
Lighter HBAR
GRVT HBAR_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0070% | 8h | 0.09177 | −0.029% | $25.9M | $21.9M | 200x | as long as short |
| Binance HBARUSDT | +0.0071% | 8h | 0.09178 | −0.019% | $34.2M | $104.8M | 75x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09160 | −0.215% | $47K | $278K | 10x | as long as short |
| Variational Omni HBAR | +0.0073% | 8h | 0.09198 | +0.200% | $1.0M | $186K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0074% | 8h | 0.09159 | −0.226% | $2K | $17K | 10x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09166 | −0.146% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09163 | −0.182% | $209K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09171 | −0.095% | $32.6M | $35.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09173 | −0.073% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09172 | −0.084% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09153 | −0.291% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09202 | +0.243% | $34K | $121K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09169 | −0.117% | $426 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09163 | −0.182% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09177 | −0.029% | $2.1M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09272 | +1.005% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0486% / S −0.0549% | 1h | 0.09157 | −0.247% | $113K | — | 100x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0513% | 1h | 0.09176 | −0.040% | $505K | $154K | 50x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Deribit HBAR_USDC-PERPETUAL