Funding you earn now, next payment 09:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.020%
Price spread now: Variational Omni against Deribit−0.352%7-day average −0.102% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.352%, 7d avg −0.102%
=Together, before fees−0.021%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.250% cheaper against Deribit than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09729 | 0.0161 | pay 0.0020% / 1h | 1h 00m | $536K | $192K | 50x |
| Short | Variational Omni HBAR | 0.09695 | 0.0100 | get 0.0100% / 8h | 7h 00m | $1.1M | $171K | — |
Deribit HBAR_USDC-PERPETUAL
Variational Omni HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$12.81
- Price spread: −0.352% → −0.102%
- −$25.01
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$44.82
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 34 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 34 min ago | 6.26 bp | 9.8 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.13 bp | doesn't fit | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09730 | +0.013% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09716 | −0.134% | $1K | $98K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09735 | +0.062% | $247K | $2.9M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0089% | 8h | 0.09723 | −0.062% | $1K | $11K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09726 | −0.031% | $587K | $617K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09725 | −0.046% | $232K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09715 | −0.145% | $37.0M | $115.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09713 | −0.164% | $34.3M | $37.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09714 | −0.154% | $6.9M | $27.7M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09724 | −0.051% | $2.5M | $3.0M | 75x | as long as short |
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09722 | −0.072% | $27.8M | $21.1M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09729 | 0.000% | $7.6M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09723 | −0.062% | $18.5M | $18.0M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09720 | −0.093% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09721 | −0.082% | $38K | $199K | 15x | as long as short |
| Variational Omni HBARshort | +0.0100% | 8h | 0.09695 | −0.352% | $1.1M | $171K | — | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09727 | −0.025% | $400K | $3.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09673 | −0.576% | $156K | $698K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09722 | −0.072% | $451 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09743 | +0.144% | $75K | $75K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09726 | −0.031% | $2.6M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09728 | −0.008% | $53K | $303K | 10x | as long as short |
| Hyperliquid HBAR | +0.0131% | 1h | 0.09732 | +0.032% | $9.1M | $4.0M | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0161% | 1h | 0.09729 | long leg | $536K | $192K | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09701 | −0.288% | $1.6M | $6.0M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0279% | 1h | 0.09731 | +0.016% | $1.4M | $3.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0375% / S −0.0376% | 1h | 0.09718 | −0.115% | $80K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1746% | 1h | 0.09746 | +0.171% | $39K | $18K | 5x | as long as short |
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Hyperliquid HBAR
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD