Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: OKX against Phemex+0.107%53s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.107%, 7d avg −0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.143% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09310 | 0.0100 | pay 0.0100% / 8h | 51m 20s | $2.2M | $2.1M | 50x |
| Short | OKX HBAR-USDT-SWAP | 0.09320 | 0.0100 | get 0.0100% / 8h | 51m 20s | $6.6M | $24.9M | 50x |
Phemex HBARUSDT
OKX HBAR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.107% → −0.035%
- $14.28
- Slippage, 4 orders
- −$39.69
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$47.41
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; OKX: live order book, 2 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 | 3.76 bp | 19.4 bp −$19 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.54 bp | 9.6 bp −$10 | 20.1 bp −$201 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HBARUSD | −0.0146% | 1h | 0.09315 | +0.057% | $1.3M | $2.9M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09332 | +0.232% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09327 | +0.178% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.301% | $1K | $103K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0072% | 1h | 0.09313 | +0.032% | $513K | $178K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09320 | +0.107% | $4K | $10K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09306 | −0.043% | $206K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09326 | +0.172% | $561K | $597K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09332 | +0.240% | $8.7M | $3.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09328 | +0.188% | $201K | $327K | 50x | as long as short |
Kraken Futures PF_HBARUSD
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
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 | 0.09324 | +0.150% | $34.3M | $111.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09322 | +0.129% | $31.9M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAPshort | +0.0100% | 8h | 0.09320 | +0.107% | $6.6M | $24.9M | 50x | |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09323 | +0.140% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09325 | +0.161% | $25.8M | $19.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09325 | +0.161% | $7.4M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09324 | +0.150% | $17.2M | $15.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09324 | +0.150% | — | $7.0M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09318 | +0.086% | $36K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09303 | −0.078% | $1.0M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09322 | +0.128% | $378K | $3.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09308 | −0.021% | $151K | $702K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09309 | −0.011% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09326 | +0.172% | $71K | $70K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09310 | long leg | $2.2M | $2.1M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09320 | +0.109% | $53K | $232K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09306 | −0.043% | $1.5M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0359% / S −0.0259% | 1h | 0.09304 | −0.061% | $83K | — | 100x | as long as short |
Binance HBARUSDT
Bybit HBARUSDT
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
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
GMX HBAR/USD [WBTC.b-USDC]