Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against BloFin−0.293%62s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as 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−$480.477% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.293%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.271% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.022%). Swap the legs. The two prices were read 62 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 | BloFin HBAR-USDT | 0.09546 | 0.0220 | pay 0.0220% / 8h | 7h 26m | $1.6M | $5.9M | 90x |
| Short | Bybit HBARUSDT | 0.09518 | 0.0100 | get 0.0100% / 8h | 7h 26m | $33.2M | $37.7M | 75x |
BloFin HBAR-USDT
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$25.2
- Price spread: −0.293% → −0.022%
- −$27.12
- Slippage, 4 orders
- −$24.73
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$100.05
- Costs to cover
- 0.477%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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 BloFin live order book, 2 min ago | 3.14 bp | 10.6 bp −$11 | 18.0 bp −$180 | 41.9 bp −$4,190 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.52 bp | 9.8 bp −$10 | 20.3 bp −$203 | 115.9 bp −$11.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0125% | 8h | 0.09523 | −0.241% | $2.5M | $2.9M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09525 | −0.220% | $525K | $177K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09542 | −0.045% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.766% | $1K | $96K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09520 | −0.272% | $1K | $12K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09531 | −0.157% | $227K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09520 | −0.272% | $571K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09538 | −0.089% | $8.9M | $3.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09524 | −0.230% | $228K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09521 | −0.262% | $35.9M | $115.0M | 75x | as long as short |
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09518 | −0.293% | $33.2M | $37.7M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09521 | −0.262% | $6.7M | $26.8M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09526 | −0.210% | $26.6M | $20.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09530 | −0.168% | $7.4M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09523 | −0.241% | $17.9M | $17.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09520 | −0.272% | — | $7.6M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09549 | +0.031% | $36K | $203K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09558 | +0.125% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09557 | +0.111% | $387K | $3.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09564 | +0.189% | $155K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09550 | +0.042% | $443 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09558 | +0.126% | $73K | $75K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09523 | −0.241% | $2.4M | $2.7M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09518 | −0.291% | $50K | $305K | 10x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09546 | long leg | $1.6M | $5.9M | 90x | |
| Kraken Futures PF_HBARUSD | +0.0285% | 1h | 0.09528 | −0.192% | $1.4M | $3.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0286% | 1h | 0.09551 | +0.054% | $83K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2168% | 1h | 0.09533 | −0.135% | $37K | $17K | 5x | as long as short |
OKX HBAR-USDT-SWAP
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
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD