Funding you earn now, next payment 16:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Phemex against Gate−0.053%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.053%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HBAR_USDT | 0.09482 | 0.0094 | pay 0.0094% / 8h | 5h 55m | $2.5M | $2.9M | 75x |
| Short | Phemex HBARUSDT | 0.09477 | 0.0100 | get 0.0100% / 8h | 5h 55m | $2.5M | $3.3M | 50x |
Gate HBAR_USDT
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $1.26
- Price spread: −0.053% → +0.001%
- −$5.41
- Slippage, 4 orders
- −$44.31
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.46
- Costs to cover
- 0.713%
- Break-even
- 426.2 days
Slippage from Gate: live order book, 1 min ago; Phemex: live order book, 2 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 Gate live order book, 1 min ago | 2.64 bp | 16.1 bp −$16 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.64 bp | 18.5 bp −$19 | 36.3 bp −$363 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0072% | 1h | 0.09663 | +1.909% | $5K | $101K | 12x | as long as short |
| ApeX Omni HBARUSDT | −0.0062% | 1h | 0.09481 | −0.011% | $153K | $701K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09469 | −0.139% | $11K | — | 150x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09480 | −0.021% | $1K | $9K | 10x | as long as short |
| Gate HBAR_USDTlong | +0.0094% | 8h | 0.09482 | long leg | $2.5M | $2.9M | 75x | |
| Lighter HBAR | +0.0096% | 1h | 0.09485 | +0.032% | $576K | $545K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09491 | +0.091% | $8.7M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09482 | −0.001% | $203K | $375K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09480 | −0.023% | $35.8M | $114.7M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09475 | −0.074% | $33.5M | $37.9M | 75x | as long as short |
Injective HBAR/USDC PERP
ApeX Omni HBARUSDT
gTrade (Gains Network) HBAR/USD
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance 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 | 0.09481 | −0.011% | $6.7M | $27.1M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09481 | −0.011% | $27.4M | $20.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09480 | −0.021% | $7.3M | $7.2M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09482 | 0.000% | $17.9M | $18.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09480 | −0.021% | — | $7.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09487 | +0.053% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09459 | −0.242% | $1.0M | $100K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09466 | −0.172% | $389K | $3.7M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09480 | −0.021% | $440 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09492 | +0.105% | $72K | $64K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09477 | −0.053% | $2.5M | $3.3M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09477 | −0.050% | $50K | $307K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0172% | 1h | 0.09492 | +0.105% | $533K | $224K | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0192% | 1h | 0.09489 | +0.074% | $227K | $2.9M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09473 | −0.095% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09482 | −0.004% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0421% | 1h | 0.09487 | +0.054% | $1.4M | $3.7M | 50x | as long as short |
| dYdX HBAR-USD | +0.1017% | 1h | 0.09483 | +0.009% | $40K | $21K | 5x | as long as short |
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
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD