Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%
Price spread now: Binance against Phemex−0.067%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.067%, 7d avg −0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.049% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09263 | 0.0100 | pay 0.0100% / 8h | 1h 54m | $2.1M | $2.3M | 50x |
| Short | Binance HBARUSDT | 0.09257 | 0.0100 | get 0.0100% / 8h | 1h 54m | $33.9M | $111.8M | 75x |
Phemex HBARUSDT
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $0
- Price spread: −0.067% → −0.018%
- −$4.88
- Slippage, 4 orders
- −$34.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$61.05
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 4 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 Phemex live order book, 4 min ago | 1.08 bp | 18.8 bp −$19 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.54 bp | 7.7 bp −$8 | 14.8 bp −$148 | 33.5 bp −$3,354 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0663% | 1h | 0.09261 | −0.022% | $31K | $201K | 15x | as long as short |
| Kraken Futures PF_HBARUSD | −0.0267% | 1h | 0.09264 | +0.015% | $1.3M | $3.0M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09263 | −0.003% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09269 | +0.062% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.205% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09257 | −0.065% | $4K | $16K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09261 | −0.022% | $213K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09258 | −0.054% | $558K | $599K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09273 | +0.110% | $8.7M | $3.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09264 | +0.008% | $199K | $333K | 50x | as long as short |
Backpack HBAR_USDC_PERP
Kraken Futures PF_HBARUSD
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09257 | −0.067% | $33.9M | $111.8M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09260 | −0.032% | $31.9M | $35.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09260 | −0.032% | $6.5M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09263 | 0.000% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09258 | −0.054% | $24.9M | $19.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09261 | −0.022% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09259 | −0.043% | $17.2M | $16.0M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09261 | −0.022% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09263 | −0.001% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09269 | +0.066% | $371K | $3.0M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09280 | +0.184% | $151K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09257 | −0.065% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09267 | +0.043% | $70K | $70K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09263 | long leg | $2.1M | $2.3M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09256 | −0.076% | $48K | $226K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0182% | 1h | 0.09267 | +0.043% | $510K | $178K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09267 | +0.043% | $1.5M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0359% / S −0.0261% | 1h | 0.09267 | +0.048% | $83K | — | 100x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]