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: MEXC against Phemex+0.153%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.153%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.163% dearer against Phemex than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09141 | 0.0100 | pay 0.0100% / 8h | 2h 25m | $2.1M | $2.2M | 50x |
| Short | MEXC HBAR_USDT | 0.09155 | 0.0100 | get 0.0100% / 8h | 2h 25m | $24.6M | $19.6M | 200x |
Phemex HBARUSDT
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.153% → −0.010%
- $16.28
- Slippage, 4 orders
- −$31.18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$26.9
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 1.64 bp | 18.0 bp −$18 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.55 bp | 3.7 bp −$4 | 8.7 bp −$87 | 36.0 bp −$3,605 | 115.2 bp −$57.6K |
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 | −0.0316% | 1h | 0.09141 | 0.000% | $32K | $203K | 15x | as long as short |
| ApeX Omni HBARUSDT | −0.0004% | 1h | 0.09140 | −0.011% | $149K | $709K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09160 | +0.210% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09141 | −0.005% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.543% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09136 | −0.055% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09142 | +0.011% | $217K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09153 | +0.131% | $553K | $612K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09157 | +0.171% | $8.6M | $3.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09165 | +0.261% | $197K | $335K | 50x | as long as short |
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
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 HBARUSDT | +0.0100% | 8h | 0.09160 | +0.203% | $33.6M | $111.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09161 | +0.219% | $31.8M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09161 | +0.219% | $6.5M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09158 | +0.186% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDTshort | +0.0100% | 8h | 0.09155 | +0.153% | $24.6M | $19.6M | 200x | |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09161 | +0.219% | $7.3M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09163 | +0.241% | $16.9M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09158 | +0.186% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09140 | −0.011% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09154 | +0.146% | $370K | $2.9M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09138 | −0.033% | $424 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09154 | +0.142% | $69K | $69K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09141 | long leg | $2.1M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09154 | +0.138% | $47K | $230K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0187% | 1h | 0.09147 | +0.066% | $504K | $177K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09135 | −0.066% | $1.4M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0248% | 1h | 0.09142 | +0.016% | $1.3M | $2.9M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0353% / S −0.0254% | 1h | 0.09141 | +0.004% | $81K | — | 100x | as long as short |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]