Funding you earn now, next payment 09:00 UTC+0.0135%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.159%
Price spread now: Deribit against Injective+3.200%7-day average +0.165% · you sell dearer than you buy
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)−2.721%−$272 · spread now +3.200%, 7d avg +0.165%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 3.035% dearer against Injective than usual: you sell high and buy low: +$303 more if the spread goes back to its 7-day average of +0.165%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | pay 0.0004% / 1h | 33m 13s | $1K | $96K | 12x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09579 | 0.0168 | get 0.0021% / 1h | 33m 13s | $528K | $177K | 50x |
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- $28.28
- Price spread: +3.200% → +0.165%
- $303.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $324.72
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 66 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 66 min ago | 5.87 bp | 9.4 bp −$9 | 14.9 bp −$149 | doesn't fit | doesn't fit |
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 | −0.0015% | 8h | 0.09568 | +3.081% | $2.5M | $2.8M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09596 | +3.379% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERPlong | +0.0033% | 1h | 0.09282 | long leg | $1K | $96K | 12x | |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09572 | +3.124% | $2K | $11K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09615 | +3.588% | $228K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09580 | +3.211% | $574K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09584 | +3.248% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09574 | +3.146% | $229K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09570 | +3.103% | $36.1M | $114.9M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09574 | +3.146% | $33.4M | $37.7M | 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 HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09577 | +3.178% | $6.8M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09568 | +3.081% | $26.7M | $20.5M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09573 | +3.135% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09573 | +3.135% | $17.6M | $17.5M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09571 | +3.114% | — | $7.6M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09605 | +3.480% | $37K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09617 | +3.608% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09591 | +3.333% | $384K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09638 | +3.835% | $156K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09576 | +3.167% | $445 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09598 | +3.404% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09579 | +3.200% | $2.2M | $2.6M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09573 | +3.133% | $50K | $305K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0168% | 1h | 0.09579 | +3.200% | $528K | $177K | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09574 | +3.146% | $1.5M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0283% | 1h | 0.09586 | +3.276% | $1.4M | $3.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0286% | 1h | 0.09571 | +3.118% | $84K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1302% | 1h | 0.09585 | +3.263% | $31K | $11K | 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
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