Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.011%
Price spread now: Deribit against Phemex+0.097%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.097%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.029% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09294 | 0.0100 | pay 0.0100% / 8h | 1h 46m | $2.2M | $2.1M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09303 | 0.0180 | get 0.0023% / 1h | 46m 08s | $512K | $151K | 50x |
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $16.8
- Price spread: +0.097% → +0.068%
- $2.91
- Slippage, 4 orders
- −$28.33
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.62
- Costs to cover
- 0.473%
- Break-even
- 18.5 days
Slippage from Phemex: live order book, 2 min ago; Deribit: live order book, 38 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, 2 min ago | 1.62 bp | 15.1 bp −$15 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 38 min ago | 3.24 bp | 6.7 bp −$7 | 15.3 bp −$153 | 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 | −0.0153% | 1h | 0.09267 | −0.291% | $1K | $112K | 12x | as long as short |
| Gate HBAR_USDT | −0.0027% | 8h | 0.09295 | +0.011% | $2.4M | $3.5M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0008% | 8h | 0.09294 | 0.000% | $7.5M | $7.9M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09284 | −0.111% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09291 | −0.038% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0055% | 8h | 0.09261 | −0.358% | $1.0M | $197K | — | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09293 | −0.011% | $224K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09293 | −0.011% | $2K | $16K | 10x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09293 | −0.005% | $51K | $218K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0080% | 8h | 0.09293 | −0.011% | $25.7M | $22.3M | 200x | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Extended HBAR-USD
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0080% | 8h | 0.09298 | +0.038% | $34.9M | $110.3M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09295 | +0.011% | $570K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09306 | +0.133% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09295 | +0.016% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09298 | +0.043% | $33.1M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09298 | +0.043% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09297 | +0.032% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09296 | +0.022% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09299 | +0.054% | $33K | $103K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09261 | −0.351% | $377K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09246 | −0.516% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09296 | +0.022% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09299 | +0.054% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09294 | long leg | $2.2M | $2.1M | 50x | |
| Deribit HBAR_USDC-PERPETUALshort | +0.0180% | 1h | 0.09303 | +0.097% | $512K | $151K | 50x | |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09304 | +0.103% | $1.4M | $2.3M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0200% | 8h | 0.09268 | −0.280% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09293 | −0.014% | $104K | — | 100x | as long as short |
Binance HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]