Funding you earn now, next payment 08:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h +0.007%
Price spread now: BloFin against Deribit−0.168%57s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as 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−$380.384% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.168%, 7d avg −0.068%
=Funding pays, the price is against you. BloFin is 0.100% cheaper against Deribit than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.068%). If the spread goes back, that is −$10 on $10k: about 2.2 days of funding at the current rate (+$5 a day). The two prices were read 57 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 | Deribit HBAR_USDC-PERPETUAL | 0.09516 | 0.0065 | pay 0.0008% / 1h | 13m 28s | $524K | $178K | 50x |
| Short | BloFin HBAR-USDT | 0.09500 | 0.0220 | get 0.0220% / 8h | 13m 28s | $1.5M | $5.8M | 90x |
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $32.55
- Price spread: −0.168% → −0.068%
- −$10.02
- Slippage, 4 orders
- −$19.35
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$15.83
- Costs to cover
- 0.384%
- Break-even
- 10.4 days
Slippage from Deribit: live order book, 25 min ago; BloFin: 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, 25 min ago | 5.87 bp | 10.4 bp −$10 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.10 bp | 9.4 bp −$9 | 18.4 bp −$184 | 55.0 bp −$5,504 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HBARUSD | −0.0143% | 1h | 0.09509 | −0.071% | $1.4M | $2.9M | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09474 | −0.440% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.459% | $1K | $103K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0065% | 1h | 0.09516 | long leg | $524K | $178K | 50x | |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09508 | −0.084% | $213K | $2.4M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09468 | −0.504% | $2K | $12K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09488 | −0.294% | $570K | $601K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09489 | −0.281% | $8.8M | $3.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09477 | −0.408% | $204K | $323K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09470 | −0.483% | $35.3M | $112.7M | 75x | as long as short |
Kraken Futures PF_HBARUSD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
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 | 0.09472 | −0.462% | $32.7M | $36.4M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09468 | −0.504% | $6.7M | $25.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09475 | −0.431% | $2.5M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09476 | −0.420% | $26.3M | $20.2M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09479 | −0.389% | $7.6M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09472 | −0.462% | $17.5M | $16.5M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09475 | −0.431% | — | $7.3M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09511 | −0.053% | $36K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09473 | −0.452% | $1.0M | $178K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09494 | −0.228% | $388K | $3.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09493 | −0.242% | $154K | $701K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09503 | −0.137% | $441 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09522 | +0.063% | $72K | $71K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09505 | −0.116% | $2.4M | $2.4M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09480 | −0.374% | $49K | $307K | 10x | as long as short |
| BloFin HBAR-USDTshort | +0.0220% | 8h | 0.09500 | −0.168% | $1.5M | $5.8M | 90x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0365% / S −0.0262% | 1h | 0.09493 | −0.246% | $86K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1945% | 1h | 0.09493 | −0.240% | $31K | $9K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
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
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD