Funding you earn now, next payment 09:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h 0.000%
Price spread now: Binance against Coinbase International−0.249%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.365%+$37 · spread now −0.249%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.217% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HBAR-PERP-INTX | 0.09649 | 0.0144 | pay 0.0018% / 1h | 54m 52s | $222K | $2.9M | 50x |
| Short | Binance HBARUSDT | 0.09625 | 0.0100 | get 0.0100% / 8h | 6h 54m | $37.1M | $115.0M | 75x |
Coinbase International HBAR-PERP-INTX
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$9.24
- Price spread: −0.249% → −0.031%
- −$21.75
- Slippage, 4 orders
- −$25.61
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$76.6
- Costs to cover
- 0.456%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Binance: 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 Coinbase International live order book, 4 min ago | 4.12 bp | 14.0 bp −$14 | 20.6 bp −$206 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.51 bp | 8.3 bp −$8 | 17.9 bp −$179 | 54.4 bp −$5,438 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09730 | +0.842% | $11K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0061% | 1h | 0.09646 | −0.031% | $531K | $176K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0090% | 8h | 0.09646 | −0.031% | $1K | $11K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09619 | −0.311% | $580K | $587K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09635 | −0.147% | $230K | $351K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09625 | −0.249% | $37.1M | $115.0M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09625 | −0.249% | $34.0M | $38.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09624 | −0.259% | $6.8M | $27.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09625 | −0.249% | $2.5M | $2.9M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09627 | −0.228% | $27.6M | $20.1M | 200x | as long as short |
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09631 | −0.187% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09627 | −0.228% | $18.2M | $18.3M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09627 | −0.228% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09628 | −0.218% | $38K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09683 | +0.348% | $1.1M | $171K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09732 | +0.860% | $391K | $3.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09737 | +0.912% | $158K | $696K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09638 | −0.114% | $447 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09675 | +0.269% | $74K | $75K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09640 | −0.093% | $2.5M | $3.3M | 50x | as long as short |
| Hyperliquid HBAR | +0.0101% | 1h | 0.09640 | −0.093% | $9.0M | $4.0M | 5x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09623 | −0.269% | $52K | $303K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0144% | 1h | 0.09649 | long leg | $222K | $2.9M | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09632 | −0.176% | $1.6M | $6.0M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0374% / S −0.0376% | 1h | 0.09643 | −0.059% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0887% | 1h | 0.09646 | −0.033% | $1.4M | $3.5M | 50x | as long as short |
| dYdX HBAR-USD | +0.1309% | 1h | 0.09658 | +0.098% | $39K | $18K | 5x | as long as short |
| Injective HBAR/USDC PERP | +0.1373% | 1h | 0.09716 | +0.694% | $1K | $98K | 12x | as long as short |
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Hyperliquid HBAR
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD
Injective HBAR/USDC PERP