Funding you earn now, next payment 10:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.014%
Price spread now: Binance against Deribit−0.035%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.035%, 7d avg −0.086%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.051% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09464 | 0.0067 | pay 0.0008% / 1h | 0m 44s | $521K | $194K | 50x |
| Short | Binance HBARUSDT | 0.09461 | 0.0100 | get 0.0100% / 8h | 6h 00m | $35.8M | $114.5M | 75x |
Deribit HBAR_USDC-PERPETUAL
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $6.93
- Price spread: −0.035% → −0.086%
- $5.08
- Slippage, 4 orders
- −$20.61
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.6
- Costs to cover
- 0.376%
- Break-even
- 32.9 days
Slippage from Deribit: live order book, 51 min ago; Binance: 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 Deribit live order book, 51 min ago | 5.17 bp | 8.7 bp −$9 | 116.2 bp −$1,162 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.53 bp | 9.7 bp −$10 | 19.2 bp −$192 | 66.3 bp −$6,626 | doesn't fit |
HBAR on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0097% | 1h | 0.09486 | +0.232% | $153K | $701K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09460 | −0.043% | $11K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0067% | 1h | 0.09464 | long leg | $521K | $194K | 50x | |
| Gate HBAR_USDT | +0.0070% | 8h | 0.09463 | −0.011% | $2.5M | $3.0M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09455 | −0.095% | $1K | $9K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09462 | −0.021% | $575K | $599K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09473 | +0.094% | $8.7M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09466 | +0.016% | $202K | $375K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09461 | −0.035% | $35.8M | $114.5M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09462 | −0.021% | $33.5M | $37.9M | 75x | as long as short |
ApeX Omni HBARUSDT
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09464 | 0.000% | $6.6M | $26.9M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09463 | −0.011% | $27.4M | $20.9M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09464 | 0.000% | $7.2M | $7.2M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09467 | +0.032% | $17.9M | $18.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09463 | −0.011% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09464 | 0.000% | $36K | $202K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09464 | +0.003% | $1.0M | $138K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09464 | −0.003% | $379K | $3.7M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09459 | −0.053% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09472 | +0.085% | $72K | $64K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09460 | −0.042% | $2.5M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09458 | −0.059% | $50K | $310K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0144% | 1h | 0.09463 | −0.011% | $219K | $2.9M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09451 | −0.137% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09459 | −0.056% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0903% | 1h | 0.09466 | +0.025% | $1.4M | $3.6M | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.1373% | 1h | 0.09663 | +2.103% | $5K | $101K | 12x | as long as short |
| dYdX HBAR-USD | +0.2462% | 1h | 0.09458 | −0.061% | $40K | $21K | 5x | as long as short |
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
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Injective HBAR/USDC PERP
dYdX HBAR-USD