Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h 0.000%
Price spread now: Phemex against SoDEX+0.043%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.043% dearer against SoDEX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX HBAR-USD | 0.09232 | 0.0062 | pay 0.0008% / 1h | 58m 28s | $429 | $5K | 5x |
| Short | Phemex HBARUSDT | 0.09236 | 0.0100 | get 0.0100% / 8h | 6h 58m | $2.2M | $2.1M | 50x |
SoDEX HBAR-USD
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SoDEX. 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
- $8.02
- Price spread: +0.043% → 0.000%
- $4.33
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$7.65
- Costs to cover
- 0.200%
- Break-even
- 13.7 days
Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 5 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 1.08 bp | 25.3 bp −$25 | 45.2 bp −$452 | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0075% | 8h | 0.09232 | 0.000% | $7.3M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09200 | −0.344% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09227 | −0.058% | $8K | — | 150x | as long as short |
| ApeX Omni HBARUSDT | +0.0023% | 1h | 0.09277 | +0.487% | $148K | $723K | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | +0.379% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0057% | 8h | 0.09229 | −0.032% | $2.4M | $3.0M | 75x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0057% | 8h | 0.09237 | +0.054% | $380K | $2.2M | 10x | as long as short |
| Variational Omni HBAR | +0.0061% | 8h | 0.09237 | +0.053% | $1.0M | $187K | — | as long as short |
| SoDEX HBAR-USDlong | +0.0062% | 1h | 0.09232 | long leg | $429 | $5K | 5x | |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09236 | +0.043% | $225K | $2.1M | 50x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
ApeX Omni HBARUSDT
Injective HBAR/USDC PERP
Gate HBAR_USDT
GRVT HBAR_USDT_Perp
Variational Omni HBAR
Coinbase International HBAR-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09238 | +0.060% | $1.4M | $2.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09207 | −0.267% | $48K | $279K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0072% | 8h | 0.09229 | −0.032% | $26.7M | $21.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0073% | 8h | 0.09225 | −0.074% | $34.6M | $104.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09224 | −0.087% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09192 | −0.433% | $563K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09242 | +0.110% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09218 | −0.148% | $210K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09224 | −0.087% | $32.8M | $35.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09223 | −0.097% | $6.8M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09232 | 0.000% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09225 | −0.076% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09235 | +0.032% | $33K | $109K | 15x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09263 | +0.336% | $73K | $61K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09236 | +0.043% | $2.2M | $2.1M | 50x | |
| BloFin HBAR-USDT | +0.0193% | 8h | 0.09239 | +0.076% | $1.5M | $5.4M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0291% | 1h | 0.09240 | +0.087% | $509K | $168K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0493% / S −0.0562% | 1h | 0.09229 | −0.037% | $116K | — | 100x | as long as short |
Kraken Futures PF_HBARUSD
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
HTX HBAR-USDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]