Funding you earn now, next payment 09:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h −0.159%
Price spread now: Injective against Deribit−3.070%63s7-day average −0.165% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.767%−$77 on $10k
+Price spread, last 4 days (all we have)+2.591%+$259 · spread now −3.070%, 7d avg −0.165%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 2.905% cheaper against Deribit than usual: you would sell low and buy high (−$291 if the spread goes back to its 7-day average of −0.165%). Swap the legs. The two prices were read 63 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 | 0.09576 | 0.0063 | pay 0.0008% / 1h | 31m 43s | $527K | $177K | 50x |
| Short | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | get 0.0004% / 1h | 31m 43s | $1K | $96K | 12x |
Deribit HBAR_USDC-PERPETUAL
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$6.23
- Price spread: −3.070% → −0.165%
- −$290.5
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$303.75
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
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, 2 min ago | 6.26 bp | 9.8 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.09563 | −0.136% | $2.5M | $2.8M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09567 | −0.098% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09282 | −3.070% | $1K | $96K | 12x | |
| Deribit HBAR_USDC-PERPETUALlong | +0.0063% | 1h | 0.09576 | long leg | $527K | $177K | 50x | |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09568 | −0.084% | $2K | $11K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09615 | +0.407% | $228K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09567 | −0.094% | $573K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09584 | +0.089% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09572 | −0.040% | $229K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09567 | −0.095% | $36.1M | $114.8M | 75x | as long as short |
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
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 | 0.09566 | −0.104% | $33.4M | $37.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09566 | −0.104% | $6.8M | $26.9M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09565 | −0.115% | $26.7M | $20.5M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09570 | −0.063% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09567 | −0.094% | $17.6M | $17.5M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09566 | −0.104% | — | $7.6M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09570 | −0.063% | $37K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09617 | +0.427% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09591 | +0.160% | $384K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09638 | +0.647% | $156K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09568 | −0.084% | $444 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09576 | 0.000% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09571 | −0.052% | $2.2M | $2.6M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09562 | −0.143% | $50K | $305K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09574 | −0.021% | $1.5M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0283% | 1h | 0.09577 | +0.012% | $1.4M | $3.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0286% | 1h | 0.09566 | −0.102% | $84K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1556% | 1h | 0.09568 | −0.079% | $33K | $13K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
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
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD