Funding you earn now, next payment 01:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h +0.133%
Price spread now: Kraken Futures against Binance+0.165%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 3 days (all we have)−0.125%−$13 · spread now +0.165%, 7d avg +0.098%
=The price spread pays, funding is against you. Kraken Futures is 0.067% dearer against Binance than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of +0.098%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.263%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HBARUSDT | 0.09294 | 0.0076 | pay 0.0076% / 8h | 7h 04m | $34.9M | $105.8M | 75x |
| Short | Kraken Futures PF_HBARUSD | 0.09309 | 0.0057 | get 0.0007% / 1h | 4m 07s | $1.4M | $2.3M | 50x |
Binance HBARUSDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$3.92
- Price spread: +0.165% → +0.098%
- $6.71
- Slippage, 4 orders
- −$24.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$41.59
- Costs to cover
- 0.444%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Kraken Futures: live order book, 5 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 Binance live order book, 9 min ago | 0.53 bp | 7.4 bp −$7 | 15.4 bp −$154 | 57.3 bp −$5,726 | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 6.42 bp | 14.7 bp −$15 | 20.3 bp −$203 | 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 | 0.09302 | +0.086% | $7.3M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09320 | +0.281% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09312 | +0.194% | $513K | $167K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09314 | +0.217% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.291% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09307 | +0.140% | $227K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0057% | 1h | 0.09309 | +0.165% | $1.4M | $2.3M | 50x | |
| Variational Omni HBAR | +0.0065% | 8h | 0.09307 | +0.137% | $1.0M | $191K | — | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09306 | +0.126% | $53K | $275K | 10x | as long as short |
| Binance HBARUSDTlong | +0.0076% | 8h | 0.09294 | long leg | $34.9M | $105.8M | 75x |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0076% | 8h | 0.09301 | +0.075% | $27.2M | $22.6M | 200x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09305 | +0.118% | $2K | $17K | 10x | as long as short |
| Gate HBAR_USDT | +0.0084% | 8h | 0.09296 | +0.022% | $2.4M | $3.4M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09304 | +0.108% | $569K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09310 | +0.168% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09314 | +0.213% | $212K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09290 | −0.043% | $33.2M | $35.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09283 | −0.118% | $6.9M | $24.7M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09297 | +0.032% | $17.2M | $14.7M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09296 | +0.022% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09300 | +0.065% | $35K | $108K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09351 | +0.614% | $375K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09353 | +0.635% | $149K | $728K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09303 | +0.097% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09334 | +0.430% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09307 | +0.140% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09300 | +0.065% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0562% | 1h | 0.09313 | +0.210% | $117K | — | 100x | as long as short |
MEXC HBAR_USDT
Orderly PERP_HBAR_USDC
Gate HBAR_USDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]