Funding you earn now, next payment 00:00 UTC+0.0313%/8h= +34.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.123%
Price spread now: Kraken Futures against ApeX Omni+0.027%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.027%, 7d avg +0.059%
=Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.059%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.196% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.196% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni HBARUSDT | 0.09262 | 0.0100 | pay 0.0013% / 1h | 14m 30s | $148K | $707K | 50x |
| Short | Kraken Futures PF_HBARUSD | 0.09264 | 0.0413 | get 0.0052% / 1h | 14m 30s | $1.4M | $2.3M | 50x |
ApeX Omni HBARUSDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $65.82
- Price spread: +0.027% → +0.059%
- −$3.19
- Slippage, 4 orders
- −$31.78
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $10.85
- Costs to cover
- 0.518%
- Break-even
- 5.8 days
Slippage from ApeX Omni: live order book, 64 min ago; Kraken Futures: live order book, 4 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 ApeX Omni live order book, 64 min ago | 5.95 bp | 14.1 bp −$14 | 97.6 bp −$976 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 2.69 bp | 10.8 bp −$11 | 18.7 bp −$187 | 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 | −0.0067% | 8h | 0.09262 | 0.000% | $7.3M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0036% | 8h | 0.09269 | +0.076% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09269 | +0.079% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09266 | +0.043% | $510K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09263 | +0.015% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09266 | +0.043% | $221K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0079% | 8h | 0.09270 | +0.088% | $1.0M | $199K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0082% | 8h | 0.09256 | −0.065% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0092% | 8h | 0.09262 | 0.000% | $25.9M | $22.5M | 200x | as long as short |
| Binance HBARUSDT | +0.0092% | 8h | 0.09261 | −0.010% | $34.8M | $109.6M | 75x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09262 | 0.000% | $568K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09260 | −0.017% | $51K | $218K | 10x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09280 | +0.195% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09266 | +0.047% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09262 | 0.000% | $32.9M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09261 | −0.011% | $6.8M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09265 | +0.032% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09262 | 0.000% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09263 | +0.011% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09264 | +0.022% | $377K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDTlong | +0.0100% | 1h | 0.09262 | long leg | $148K | $707K | 50x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09258 | −0.043% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09277 | +0.162% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09257 | −0.054% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0212% | 8h | 0.09260 | −0.022% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | +0.054% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0413% | 1h | 0.09264 | +0.027% | $1.4M | $2.3M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0447% / S −0.0478% | 1h | 0.09263 | +0.011% | $104K | — | 100x | as long as short |
Lighter HBAR
Extended HBAR-USD
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]