Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.017%
Price spread now: Coinbase International against Phemex−0.153%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$640.641% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.153%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.167% cheaper against Phemex than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09170 | 0.0100 | pay 0.0100% / 8h | 4h 39m | $2.1M | $2.1M | 50x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09156 | 0.0064 | get 0.0008% / 1h | 39m 23s | $219K | $2.1M | 50x |
Phemex HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$7.56
- Price spread: −0.153% → +0.014%
- −$16.67
- Slippage, 4 orders
- −$42.07
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$88.3
- Costs to cover
- 0.641%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Coinbase International: 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 | 0.55 bp | 20.2 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 4.37 bp | 13.7 bp −$14 | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09176 | +0.063% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09182 | +0.131% | $506K | $173K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09158 | −0.134% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0010% | 8h | 0.09160 | −0.109% | $7.1M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.221% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0045% | 8h | 0.09154 | −0.174% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0064% | 1h | 0.09156 | −0.153% | $219K | $2.1M | 50x | |
| Backpack HBAR_USDC_PERP | +0.0074% | 1h | 0.09172 | +0.022% | $37K | $201K | 15x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09145 | −0.273% | $2K | $14K | 10x | as long as short |
| Variational Omni HBAR | +0.0085% | 8h | 0.09154 | −0.177% | $1.0M | $187K | — | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Gate HBAR_USDT
Backpack HBAR_USDC_PERP
Orderly PERP_HBAR_USDC
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09165 | −0.055% | $557K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09165 | −0.053% | $8.6M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09163 | −0.077% | $210K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09153 | −0.181% | $33.6M | $105.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09153 | −0.185% | $32.4M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09147 | −0.251% | $6.5M | $24.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09156 | −0.153% | $25.5M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09155 | −0.164% | $16.8M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09156 | −0.153% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09157 | −0.137% | $370K | $2.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09157 | −0.142% | $146K | $714K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09173 | +0.033% | $426 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09189 | +0.207% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09170 | long leg | $2.1M | $2.1M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09161 | −0.101% | $52K | $278K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09156 | −0.153% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0346% / S −0.0242% | 1h | 0.09156 | −0.149% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0395% | 1h | 0.09180 | +0.105% | $1.4M | $2.6M | 50x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD