Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.028%
Price spread now: MEXC against BloFin−0.075%64s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$270.272% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.075%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.066% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 64 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 | 0.09287 | 0.0220 | pay 0.0220% / 8h | 2h 04m | $1.4M | $5.7M | 90x |
| Short | MEXC HBAR_USDT | 0.09280 | 0.0100 | get 0.0100% / 8h | 2h 04m | $25.1M | $19.8M | 200x |
BloFin HBAR-USDT
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.075% → −0.009%
- −$6.64
- Slippage, 4 orders
- −$15.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$59.04
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; MEXC: 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 BloFin live order book, 5 min ago | 1.62 bp | 10.7 bp −$11 | 12.6 bp −$126 | 33.9 bp −$3,389 | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.62 bp | 3.7 bp −$4 | 8.9 bp −$89 | 40.1 bp −$4,014 | 135.1 bp −$67.6K |
HBAR on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0423% | 1h | 0.09284 | −0.032% | $33K | $201K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09295 | +0.088% | $30K | $4K | 5x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.054% | $1K | $103K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0073% | 1h | 0.09289 | +0.022% | $512K | $179K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09283 | −0.043% | $4K | $16K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09295 | +0.086% | $215K | $2.4M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09282 | −0.054% | $561K | $616K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09294 | +0.078% | $8.7M | $3.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09282 | −0.052% | $199K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09277 | −0.108% | $34.0M | $111.9M | 75x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09278 | −0.097% | $32.0M | $35.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09280 | −0.075% | $6.6M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09283 | −0.043% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDTshort | +0.0100% | 8h | 0.09280 | −0.075% | $25.1M | $19.8M | 200x | |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09283 | −0.043% | $7.4M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09281 | −0.065% | $17.3M | $16.0M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09281 | −0.065% | — | $6.8M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09292 | +0.052% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09294 | +0.075% | $376K | $3.0M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09293 | +0.065% | $151K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09281 | −0.065% | $431 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09320 | +0.355% | $71K | $70K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09283 | −0.043% | $2.1M | $2.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09280 | −0.072% | $48K | $226K | 10x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09287 | long leg | $1.4M | $5.7M | 90x | |
| Kraken Futures PF_HBARUSD | +0.0245% | 1h | 0.09287 | +0.005% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0359% / S −0.0261% | 1h | 0.09287 | +0.002% | $83K | — | 100x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
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]