Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.042%
Price spread now: Variational Omni against Phemex−0.086%7-day average −0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.108%−$11 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.086%, 7d avg −0.036%
=Together, before fees−0.054%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.050% cheaper against Phemex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09347 | 0.0100 | pay 0.0100% / 8h | 7h 25m | $2.2M | $2.1M | 50x |
| Short | Variational Omni HBAR | 0.09339 | 0.0074 | get 0.0074% / 8h | 7h 25m | $1.0M | $191K | — |
Phemex HBARUSDT
Variational Omni HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$5.49
- Price spread: −0.086% → −0.036%
- −$5.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.5
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
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 | 3.22 bp | 18.7 bp −$19 | 37.7 bp −$377 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 3.76 bp | doesn't fit | 19.9 bp −$199 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0076% | 8h | 0.09342 | −0.053% | $7.4M | $7.7M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09351 | +0.037% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09350 | +0.033% | $8K | — | 150x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0028% | 8h | 0.09312 | −0.378% | $379K | $2.2M | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.856% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09339 | −0.086% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09359 | +0.132% | $1.4M | $2.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09341 | −0.060% | $53K | $332K | 10x | as long as short |
| Variational Omni HBARshort | +0.0074% | 8h | 0.09339 | −0.086% | $1.0M | $191K | — | |
| MEXC HBAR_USDT | +0.0074% | 8h | 0.09345 | −0.021% | $26.7M | $22.4M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
GRVT HBAR_USDT_Perp
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
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 | +0.0076% | 8h | 0.09344 | −0.027% | $35.1M | $108.6M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09346 | −0.011% | $2K | $17K | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0088% | 1h | 0.09291 | −0.599% | $149K | $718K | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09344 | −0.032% | $572K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09356 | +0.095% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09346 | −0.015% | $213K | $407K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09340 | −0.075% | $33.3M | $35.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09340 | −0.075% | $6.9M | $25.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09345 | −0.021% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09343 | −0.043% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09342 | −0.053% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09350 | +0.032% | $34K | $106K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09351 | +0.043% | $434 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09341 | −0.064% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09347 | long leg | $2.2M | $2.1M | 50x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0178% | 1h | 0.09356 | +0.096% | $515K | $166K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0195% | 8h | 0.09318 | −0.310% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0463% | 1h | 0.09351 | +0.043% | $124K | — | 100x | as long as short |
Binance HBARUSDT
Orderly PERP_HBAR_USDC
ApeX Omni HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]