Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.009%

Price spread now: KuCoin against gTrade (Gains Network)−0.160%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.160% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.160% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HBAR/USD	0.09336	L +0.0007% / S −0.0008%	pay 0.0001% / 1h	44m 02s	$10K	—	150x
Short	KuCoin HBARUSDTM	0.09321	0.0100	get 0.0100% / 8h	4h 44m	$6.9M	$7.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.160%Rate

Funding earned: $19.59
Price spread: −0.160% → 0.000%: −$15.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.38
Costs to cover: 0.220%
Break-even: 13.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	3.75 bp	18.8 bp −$19	48.0 bp −$480	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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
Injective HBAR/USDC PERP	−0.5000%	1h	0.08783	−5.922%	$4K	$101K	12x	as long as short
gTrade (Gains Network) HBAR/USDlong	L +0.0007% / S −0.0008%	1h	0.09336	long leg	$10K	—	150x
ApeX Omni HBARUSDT	+0.0063%	1h	0.09306	−0.320%	$151K	$695K	50x	as long as short
Kraken Futures PF_HBARUSD	+0.0070%	1h	0.09334	−0.022%	$1.5M	$3.9M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0090%	8h	0.09330	−0.063%	$4K	$11K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09330	−0.063%	$571K	$515K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09337	+0.008%	$8.4M	$4.3M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09330	−0.063%	$200K	$369K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09323	−0.138%	$34.7M	$114.1M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09323	−0.138%	$32.4M	$38.6M	75x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09325	−0.117%	$6.4M	$25.9M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09330	−0.063%	$2.6M	$3.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09322	−0.149%	$27.2M	$20.4M	200x	as long as short
KuCoin HBARUSDTMshort	+0.0100%	8h	0.09321	−0.160%	$6.9M	$7.0M	75x
Bitget HBARUSDT	+0.0100%	8h	0.09324	−0.128%	$17.6M	$19.7M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09328	−0.085%	—	$6.8M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09328	−0.085%	$34K	$204K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09312	−0.255%	$1.0M	$99K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09331	−0.053%	$374K	$3.9M	10x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09328	−0.085%	$433	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09352	+0.172%	$71K	$69K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09328	−0.085%	$2.4M	$3.3M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09319	−0.182%	$49K	$349K	10x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0178%	1h	0.09341	+0.055%	$525K	$223K	50x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0184%	1h	0.09341	+0.055%	$215K	$2.9M	50x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09332	−0.042%	$1.5M	$5.9M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0369% / S −0.0378%	1h	0.09336	+0.002%	$77K	—	100x	as long as short
dYdX HBAR-USD	+0.0735%	1h	0.09334	−0.020%	$40K	$21K	5x	as long as short