Funding you earn now, next payment 05:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.086%
Price spread now: Phemex against Kraken Futures−0.090%7-day average −0.075% · 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−$60as in the Price arb table
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.090%, 7d avg −0.075%
=The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09498 | 0.0354 | pay 0.0044% / 1h | 43m 31s | $1.4M | $2.9M | 50x |
| Short | Phemex HBARUSDT | 0.09489 | 0.0100 | get 0.0100% / 8h | 3h 43m | $2.2M | $2.2M | 50x |
Kraken Futures PF_HBARUSD
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$53.29
- Price spread: −0.090% → −0.075%
- −$1.56
- Slippage, 4 orders
- −$36.48
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$113.33
- Costs to cover
- 0.585%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Phemex: 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, 5 min ago | 5.27 bp | 14.6 bp −$15 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.53 bp | 17.4 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09493 | −0.045% | $31K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09496 | −0.021% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.270% | $1K | $105K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0066% | 1h | 0.09498 | +0.004% | $523K | $190K | 50x | as long as short |
| KuCoin HBARUSDTM | +0.0074% | 8h | 0.09494 | −0.038% | $7.6M | $7.4M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09490 | −0.080% | $3K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09492 | −0.059% | $232K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09494 | −0.038% | $572K | $611K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09499 | +0.020% | $217K | $325K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09499 | +0.015% | $35.2M | $108.8M | 75x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
KuCoin HBARUSDTM
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09499 | +0.015% | $33.6M | $35.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09501 | +0.036% | $6.7M | $25.9M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09493 | −0.048% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09498 | +0.004% | $26.3M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09497 | −0.006% | $17.5M | $15.3M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09497 | −0.006% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09496 | −0.017% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09472 | −0.271% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09481 | −0.175% | $383K | $2.7M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09477 | −0.217% | $153K | $709K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09492 | −0.059% | $441 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09490 | −0.080% | $72K | $68K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09489 | −0.090% | $2.2M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09494 | −0.035% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09483 | −0.154% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0346% / S −0.0235% | 1h | 0.09494 | −0.041% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0354% | 1h | 0.09498 | long leg | $1.4M | $2.9M | 50x | |
| Hyperliquid HBAR | +0.0737% | 1h | 0.09514 | +0.169% | $9.6M | $3.2M | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
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
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Hyperliquid HBAR