Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.2535%/8h= +277.5% APRpaid last 24h +0.242%

Price spread now: dYdX against KuCoin−0.053%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$76 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HBARUSDTM	0.09510	0.0100	pay 0.0100% / 8h	6h 16m	$7.4M	$7.3M	75x
Short	dYdX HBAR-USD	0.09505	0.2635	get 0.0329% / 1h	16m 12s	$40K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $532.26
Price spread: −0.053% → 0.000%: −$5.26
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $505
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 5 min ago; dYdX: 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 KuCoin live order book, 5 min ago	3.15 bp	20.4 bp −$20	56.7 bp −$567	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 exchanges

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
ApeX Omni HBARUSDT	−0.0186%	1h	0.09513	+0.032%	$154K	$699K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0008%	1h	0.09505	−0.049%	$11K	—	150x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0066%	1h	0.09506	−0.042%	$524K	$193K	50x	as long as short
Gate HBAR_USDT	+0.0081%	8h	0.09504	−0.063%	$2.5M	$2.9M	75x	as long as short
Orderly PERP_HBAR_USDC	+0.0093%	8h	0.09498	−0.126%	$1K	$9K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09501	−0.095%	$579K	$597K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09517	+0.075%	$8.9M	$4.0M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09510	−0.001%	$221K	$357K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09505	−0.052%	$36.3M	$114.9M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09501	−0.095%	$33.8M	$38.1M	75x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09501	−0.095%	$6.7M	$27.2M	50x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09507	−0.032%	$27.6M	$20.7M	200x	as long as short
KuCoin HBARUSDTMlong	+0.0100%	8h	0.09510	long leg	$7.4M	$7.3M	75x
Bitget HBARUSDT	+0.0100%	8h	0.09506	−0.042%	$18.0M	$18.9M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09507	−0.032%	—	$7.8M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09505	−0.053%	$36K	$201K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09506	−0.047%	$1.0M	$139K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09492	−0.192%	$381K	$3.6M	10x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09500	−0.105%	$441	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09523	+0.137%	$73K	$74K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09501	−0.095%	$2.5M	$3.3M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09501	−0.093%	$54K	$308K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0144%	1h	0.09517	+0.074%	$226K	$2.9M	50x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09498	−0.126%	$1.6M	$5.8M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0359% / S −0.0351%	1h	0.09494	−0.174%	$75K	—	100x	as long as short
Kraken Futures PF_HBARUSD	+0.0899%	1h	0.09509	−0.013%	$1.4M	$3.6M	50x	as long as short
Injective HBAR/USDC PERP	+0.1373%	1h	0.09663	+1.609%	$5K	$101K	12x	as long as short
dYdX HBAR-USDshort	+0.2635%	1h	0.09505	−0.053%	$40K	$20K	5x