Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Phemex0.000%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now 0.000%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09337 | 0.0100 | pay 0.0100% / 8h | 4h 14m | $2.2M | $2.1M | 50x |
| Short | Bybit HBARUSDT | 0.09337 | 0.0100 | get 0.0100% / 8h | 4h 14m | $32.9M | $34.2M | 75x |
Phemex HBARUSDT
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: 0.000% → −0.025%
- $2.52
- Slippage, 4 orders
- −$37.73
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.21
- Costs to cover
- 0.607%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Bybit: 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 | 4.31 bp | 17.9 bp −$18 | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.54 bp | 11.8 bp −$12 | 24.8 bp −$248 | 80.6 bp −$8,058 | 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 | 0.09350 | +0.135% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09343 | +0.060% | $9K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0027% | 8h | 0.09345 | +0.086% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.589% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09338 | +0.011% | $224K | $2.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0077% | 8h | 0.09341 | +0.043% | $2.4M | $2.8M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09338 | +0.011% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09341 | +0.043% | $566K | $598K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09348 | +0.112% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09354 | +0.179% | $214K | $315K | 50x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09340 | +0.027% | $34.3M | $106.1M | 75x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09337 | 0.000% | $32.9M | $34.2M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09336 | −0.011% | $6.7M | $25.1M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09343 | +0.064% | $26.4M | $19.7M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09338 | +0.011% | $17.1M | $15.2M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09341 | +0.043% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09335 | −0.021% | $38K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09310 | −0.291% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09317 | −0.210% | $383K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09314 | −0.246% | $149K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09334 | −0.032% | $433 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09360 | +0.246% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09337 | long leg | $2.2M | $2.1M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09338 | +0.015% | $53K | $274K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09337 | 0.000% | $1.5M | $5.5M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0285% | 1h | 0.09346 | +0.096% | $515K | $179K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0348% / S −0.0242% | 1h | 0.09343 | +0.067% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0388% | 1h | 0.09343 | +0.062% | $1.4M | $2.7M | 50x | as long as short |
Binance HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
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
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD