Funding you earn now, next payment 00:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h −0.600%
Price spread now: Injective against Orderly−0.022%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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. Injective is 0.022% cheaper against Orderly than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_HBAR_USDC | 0.09269 | 0.0083 | pay 0.0083% / 8h | 19m 59s | $2K | $17K | 10x |
| Short | Injective HBAR/USDC PERP | 0.09267 | 0.0242 | get 0.0030% / 1h | 19m 59s | $1K | $112K | 12x |
Orderly PERP_HBAR_USDC
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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
- $33.46
- Price spread: −0.022% → 0.000%
- −$2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $25.29
- Costs to cover
- 0.060%
- Break-even
- 1.7 days
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 54 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 54 min ago | 54.85 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0058% | 8h | 0.09263 | −0.065% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0033% | 8h | 0.09267 | −0.022% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09266 | −0.035% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09275 | +0.068% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09271 | +0.022% | $222K | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0073% | 1h | 0.09277 | +0.086% | $511K | $166K | 50x | as long as short |
| Variational Omni HBAR | +0.0081% | 8h | 0.09259 | −0.105% | $1.0M | $199K | — | as long as short |
| Orderly PERP_HBAR_USDClong | +0.0083% | 8h | 0.09269 | long leg | $2K | $17K | 10x | |
| Lighter HBAR | +0.0096% | 1h | 0.09269 | 0.000% | $569K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09269 | +0.001% | $51K | $218K | 10x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Deribit HBAR_USDC-PERPETUAL
Variational Omni HBAR
Lighter HBAR
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0097% | 8h | 0.09265 | −0.043% | $26.0M | $22.5M | 200x | as long as short |
| Binance HBARUSDT | +0.0097% | 8h | 0.09263 | −0.064% | $34.8M | $109.8M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09281 | +0.135% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09272 | +0.030% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09265 | −0.043% | $33.0M | $36.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09263 | −0.065% | $6.8M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09267 | −0.022% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09266 | −0.032% | — | $6.0M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09269 | 0.000% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09248 | −0.224% | $377K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09247 | −0.237% | $148K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09268 | −0.011% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09284 | +0.162% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09270 | +0.011% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0217% | 8h | 0.09256 | −0.140% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0242% | 1h | 0.09267 | −0.022% | $1K | $112K | 12x | |
| Kraken Futures PF_HBARUSD | +0.0413% | 1h | 0.09275 | +0.065% | $1.4M | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09273 | +0.039% | $104K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]