Funding you earn now, next payment 04:00 UTC−0.0353%/8h= −38.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.520%
Price spread now: Injective against Kraken Futures−1.109%7-day average −0.177% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.055%−$105 on $10k
+Price spread, last 4 days (all we have)+0.510%+$51 · spread now −1.109%, 7d avg −0.177%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 0.931% cheaper against Kraken Futures than usual: you would sell low and buy high (−$93 if the spread goes back to its 7-day average of −0.177%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09386 | 0.0386 | pay 0.0048% / 1h | 13m 13s | $1.4M | $2.7M | 50x |
| Short | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | get 0.0004% / 1h | 13m 13s | $1K | $105K | 12x |
Kraken Futures PF_HBARUSD
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$74.11
- Price spread: −1.109% → −0.177%
- −$93.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$177.28
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, just now; Injective: no order-book sample. 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 Kraken Futures live order book, just now | 6.39 bp | 11.4 bp −$11 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09363 | −0.243% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09383 | −0.028% | $9K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0028% | 8h | 0.09379 | −0.075% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09282 | −1.109% | $1K | $105K | 12x | |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09364 | −0.235% | $228K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09381 | −0.054% | $2K | $14K | 10x | as long as short |
| Gate HBAR_USDT | +0.0081% | 8h | 0.09378 | −0.086% | $2.4M | $2.8M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09381 | −0.054% | $568K | $599K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09390 | +0.043% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09383 | −0.030% | $215K | $315K | 50x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Gate HBAR_USDT
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 | 0.09378 | −0.086% | $34.4M | $106.5M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09368 | −0.193% | $33.0M | $34.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09372 | −0.150% | $6.7M | $25.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09377 | −0.097% | $26.4M | $19.7M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09382 | −0.044% | $17.2M | $15.2M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09381 | −0.054% | — | $6.4M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09348 | −0.406% | $38K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09310 | −0.812% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09338 | −0.517% | $384K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09341 | −0.480% | $149K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09383 | −0.033% | $436 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09394 | +0.084% | $72K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09384 | −0.022% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09380 | −0.067% | $53K | $274K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09370 | −0.171% | $1.5M | $5.5M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0283% | 1h | 0.09390 | +0.042% | $517K | $179K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0349% / S −0.0242% | 1h | 0.09382 | −0.044% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0386% | 1h | 0.09386 | long leg | $1.4M | $2.7M | 50x |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]