Funding you earn now, next payment 21:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.017%
Price spread now: Deribit against MEXC−0.076%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.076%, 7d avg +0.079%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.155% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.079%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HBAR_USDT | 0.09226 | 0.0034 | pay 0.0034% / 8h | 3h 30m | $22.9M | $23.3M | 200x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09219 | 0 | get 0.0000% / 1h | 30m 34s | $508K | $152K | 50x |
MEXC HBAR_USDT
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against MEXC. 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
- −$7.14
- Price spread: −0.076% → +0.079%
- −$15.46
- Slippage, 4 orders
- −$13.4
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$43.01
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Deribit: live order book, 18 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 MEXC live order book, 4 min ago | 0.54 bp | 2.2 bp −$2 | 9.6 bp −$96 | 44.3 bp −$4,432 | 144.6 bp −$72.3K |
| Sell Deribit live order book, 18 min ago | 4.93 bp | 8.4 bp −$8 | 16.3 bp −$163 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0724% | 1h | 0.09229 | +0.033% | $2K | $59K | 12x | as long as short |
| Gate HBAR_USDT | −0.0044% | 8h | 0.09228 | +0.022% | $2.4M | $3.7M | 75x | as long as short |
| Backpack HBAR_USDC_PERP | −0.0041% | 1h | 0.09220 | −0.065% | $30K | $124K | 15x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09219 | −0.076% | $508K | $152K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09218 | −0.092% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0009% | 8h | 0.09220 | −0.065% | $7.4M | $8.2M | 75x | as long as short |
| Extended HBAR-USD | +0.0032% | 1h | 0.09227 | +0.006% | $51K | $210K | 10x | as long as short |
| MEXC HBAR_USDTlong | +0.0034% | 8h | 0.09226 | long leg | $22.9M | $23.3M | 200x | |
| Binance HBARUSDT | +0.0036% | 8h | 0.09228 | +0.022% | $34.7M | $111.4M | 75x | as long as short |
| Variational Omni HBAR | +0.0057% | 8h | 0.09213 | −0.145% | $1.0M | $208K | — | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
Backpack HBAR_USDC_PERP
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Extended HBAR-USD
Binance HBARUSDT
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0074% | 8h | 0.09212 | −0.152% | $3K | $17K | 10x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0086% | 8h | 0.09205 | −0.223% | $382K | $2.0M | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09217 | −0.098% | $219K | $2.2M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09227 | +0.011% | $567K | $592K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09237 | +0.121% | $8.8M | $3.0M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09224 | −0.019% | $216K | $452K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09227 | +0.011% | $33.0M | $37.3M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09227 | +0.011% | $6.9M | $24.7M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09233 | +0.076% | $17.1M | $14.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09226 | 0.000% | — | $5.9M | — | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09205 | −0.228% | $147K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09213 | −0.141% | $428 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09233 | +0.076% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09217 | −0.098% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0139% | 8h | 0.09216 | −0.108% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0444% / S −0.0478% | 1h | 0.09216 | −0.106% | $103K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0491% | 1h | 0.09223 | −0.028% | $1.4M | $2.4M | 50x | as long as short |
| dYdX HBAR-USD | +0.4052% | 1h | 0.09230 | +0.039% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
GRVT HBAR_USDT_Perp
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD