Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.015%
Price spread now: Deribit against Coinbase International−0.603%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.691%+$69 · spread now −0.603%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.659% cheaper against Coinbase International than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HBAR-PERP-INTX | 0.09615 | 0.0088 | pay 0.0011% / 1h | 30m 46s | $228K | $2.7M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09557 | 0.0064 | get 0.0008% / 1h | 30m 46s | $526K | $177K | 50x |
Coinbase International HBAR-PERP-INTX
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$5.04
- Price spread: −0.603% → +0.056%
- −$65.87
- Slippage, 4 orders
- −$27.94
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$115.86
- Costs to cover
- 0.449%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Deribit: 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, 3 min ago | 5.22 bp | 14.2 bp −$14 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 6.26 bp | 9.8 bp −$10 | 16.8 bp −$168 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0044% | 8h | 0.09540 | −0.780% | $2.5M | $2.8M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09561 | −0.566% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −3.463% | $1K | $96K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0064% | 1h | 0.09557 | −0.603% | $526K | $177K | 50x | |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09552 | −0.655% | $2K | $11K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0088% | 1h | 0.09615 | long leg | $228K | $2.7M | 50x | |
| Lighter HBAR | +0.0096% | 1h | 0.09539 | −0.790% | $572K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09555 | −0.623% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09546 | −0.719% | $228K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09536 | −0.822% | $36.0M | $115.0M | 75x | as long as short |
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
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 HBARUSDT | +0.0100% | 8h | 0.09537 | −0.811% | $33.3M | $37.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09542 | −0.759% | $6.8M | $26.8M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09544 | −0.738% | $26.6M | $20.5M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09542 | −0.759% | $7.4M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09537 | −0.811% | $17.6M | $17.5M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09543 | −0.749% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09549 | −0.686% | $34K | $202K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09558 | −0.594% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09591 | −0.246% | $384K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09577 | −0.395% | $155K | $698K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09548 | −0.697% | $443 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09584 | −0.322% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09548 | −0.697% | $2.2M | $2.6M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09535 | −0.828% | $50K | $305K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09542 | −0.759% | $1.6M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0284% | 1h | 0.09557 | −0.599% | $1.4M | $3.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0286% | 1h | 0.09549 | −0.683% | $83K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1556% | 1h | 0.09568 | −0.484% | $33K | $13K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
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
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD