Funding you earn now, next payment 06:00 UTC−0.0171%/8h= −18.8% APRnext payment −$0.21 per $10,000 · paid last 24h −0.082%
Price spread now: Deribit against Kraken Futures+0.043%7-day average −0.007% · 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−$37as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.043%, 7d avg −0.007%
=The price spread pays, funding is against you. Deribit is 0.050% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.007%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09225 | 0.0246 | pay 0.0031% / 1h | 46m 14s | $1.3M | $3.0M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09229 | 0.0075 | get 0.0009% / 1h | 46m 14s | $508K | $193K | 50x |
Kraken Futures PF_HBARUSD
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$35.97
- Price spread: +0.043% → −0.007%
- $4.96
- Slippage, 4 orders
- −$25.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$73.37
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago | 3.79 bp | 10.0 bp −$10 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 5.96 bp | 9.5 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0001% | 1h | 0.09214 | −0.120% | $33K | $202K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09220 | −0.055% | $30K | $4K | 5x | as long as short |
| ApeX Omni HBARUSDT | +0.0005% | 1h | 0.09227 | +0.021% | $150K | $708K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09229 | +0.040% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.617% | $1K | $103K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0075% | 1h | 0.09229 | +0.043% | $508K | $193K | 50x | |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09218 | −0.076% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09227 | +0.021% | $220K | $2.4M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09223 | −0.022% | $556K | $611K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09230 | +0.057% | $8.6M | $3.6M | 5x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
ApeX Omni HBARUSDT
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 | 0.09230 | +0.051% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09223 | −0.020% | $33.9M | $111.4M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09221 | −0.044% | $32.2M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09219 | −0.066% | $6.5M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09222 | −0.033% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09222 | −0.033% | $25.3M | $19.4M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09220 | −0.055% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09226 | +0.010% | $17.0M | $15.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09224 | −0.011% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09228 | +0.031% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09229 | +0.043% | $373K | $2.8M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09222 | −0.033% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09228 | +0.032% | $70K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09224 | −0.011% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09219 | −0.064% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09205 | −0.217% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0246% | 1h | 0.09225 | long leg | $1.3M | $3.0M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0616% / S −0.0663% | 1h | 0.09228 | +0.029% | $156K | — | 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
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]