Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.009%
Price spread now: Deribit against Bybit+0.088%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.088%, 7d avg +0.090%
=The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HBARUSDT | 0.09136 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $31.7M | $35.7M | 75x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09144 | 0 | get 0.0000% / 1h | 28m 21s | $504K | $192K | 50x |
Bybit HBARUSDT
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- −$21
- Price spread: +0.088% → +0.090%
- −$0.27
- Slippage, 4 orders
- −$20.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$59.88
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Deribit: live order book, 20 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 Bybit live order book, 5 min ago | 0.55 bp | 8.2 bp −$8 | 19.4 bp −$194 | 92.0 bp −$9,204 | doesn't fit |
| Sell Deribit live order book, 20 min ago | 5.96 bp | 9.5 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0275% | 1h | 0.09156 | +0.219% | $32K | $203K | 15x | as long as short |
| ApeX Omni HBARUSDT | −0.0015% | 1h | 0.09162 | +0.285% | $149K | $709K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09149 | +0.145% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09144 | +0.088% | $504K | $192K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09139 | +0.028% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.598% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09134 | −0.022% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09141 | +0.055% | $218K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09140 | +0.044% | $552K | $612K | 5x | as long as short |
| Gate HBAR_USDT | +0.0099% | 8h | 0.09135 | −0.011% | $2.4M | $2.7M | 75x | as long as short |
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Gate HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09146 | +0.111% | $8.6M | $3.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09141 | +0.056% | $196K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09132 | −0.044% | $33.5M | $111.3M | 75x | as long as short |
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09136 | long leg | $31.7M | $35.7M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09137 | +0.011% | $6.5M | $25.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09136 | 0.000% | $24.7M | $19.5M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09137 | +0.011% | $7.2M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09138 | +0.022% | $16.8M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09135 | −0.011% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09149 | +0.143% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09148 | +0.131% | $371K | $2.9M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09136 | 0.000% | $424 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09151 | +0.164% | $69K | $69K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09139 | +0.033% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09130 | −0.070% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09153 | +0.186% | $1.4M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0249% | 1h | 0.09139 | +0.036% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0616% / S −0.0666% | 1h | 0.09137 | +0.014% | $156K | — | 100x | as long as short |
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]