Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0314%/8h= −34.4% APRpaid last 24h −0.126%

Price spread now: OKX against Kraken Futures−0.093%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.093%, 7d avg −0.118%

Together, before fees−0.192%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.025% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.093% now, against its 7-day average of −0.118%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.205% in total) that is about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% 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	0.09258	0.0414	pay 0.0052% / 1h	36m 22s	$1.4M	$2.3M	50x
Short	OKX HBAR-USDT-SWAP	0.09249	0.0100	get 0.0100% / 8h	36m 22s	$6.8M	$25.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$65.89
Price spread: −0.093% → −0.118%: $2.51
Slippage, 4 orders: −$23.04
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$106.42
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; OKX: 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	3.77 bp	14.0 bp −$14	25.2 bp −$252	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.54 bp	9.6 bp −$10	19.3 bp −$193	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	−0.0035%	8h	0.09251	−0.071%	$7.4M	$7.8M	75x	as long as short
Gate HBAR_USDT	−0.0017%	8h	0.09251	−0.071%	$2.4M	$3.6M	75x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09267	+0.102%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09256	−0.017%	$510K	$166K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0014%	1h	0.09255	−0.033%	$8K	—	150x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0064%	1h	0.09260	+0.026%	$222K	$2.2M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0082%	8h	0.09249	−0.093%	$2K	$17K	10x	as long as short
Variational Omni HBAR	+0.0083%	8h	0.09255	−0.023%	$1.0M	$198K	—	as long as short
Lighter HBAR	+0.0096%	1h	0.09258	+0.004%	$568K	$591K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09266	+0.096%	$8.8M	$2.8M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HBARUSDT	+0.0100%	8h	0.09255	−0.025%	$211K	$429K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09248	−0.104%	$34.7M	$109.9M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09247	−0.114%	$32.9M	$36.8M	75x	as long as short
OKX HBAR-USDT-SWAPshort	+0.0100%	8h	0.09249	−0.093%	$6.8M	$25.0M	50x
MEXC HBAR_USDT	+0.0100%	8h	0.09258	+0.004%	$26.0M	$22.4M	200x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09250	−0.082%	$17.1M	$15.0M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09250	−0.082%	—	$6.0M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09258	+0.004%	$34K	$102K	15x	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09286	+0.302%	$378K	$2.2M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09275	+0.188%	$148K	$707K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09250	−0.082%	$429	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09279	+0.231%	$73K	$53K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09256	−0.017%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09247	−0.112%	$51K	$218K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09259	+0.015%	$1.5M	$5.8M	90x	as long as short
Injective HBAR/USDC PERP	+0.0242%	1h	0.09267	+0.102%	$1K	$112K	12x	as long as short
Kraken Futures PF_HBARUSDlong	+0.0414%	1h	0.09258	long leg	$1.4M	$2.3M	50x
GMX HBAR/USD [WBTC.b-USDC]	L +0.0447% / S −0.0478%	1h	0.09253	−0.045%	$104K	—	100x	as long as short