Funding you earn now, next payment 12:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +0.060%
Price spread now: Variational Omni against Injective+0.641%76s7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.456%+$46 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.641%, 7d avg +0.056%
=Together, before fees+0.327%+ Points / potential airdropVariational Omni: Active · farm board+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and Variational Omni is 0.585% dearer against Injective than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of +0.056%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.456% in total (about 43.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective HBAR/USDC PERP | 0.09346 | −0.5000 | get 0.0625% / 1h | 8m 07s | $2K | $102K | 12x |
| Short | Variational Omni HBAR | 0.09406 | 0.0100 | get 0.0100% / 8h | 4h 08m | $1.0M | $80K | — |
Injective HBAR/USDC PERP
Variational Omni HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $1,071
- Price spread: +0.641% → +0.056%
- $58.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $1,129.44
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 4.24 bp | doesn't fit | 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 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 PERPlong | −0.5000% | 1h | 0.09346 | long leg | $2K | $102K | 12x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09423 | +0.821% | $11K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0068% | 1h | 0.09423 | +0.824% | $529K | $207K | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09425 | +0.844% | $1.5M | $3.9M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0088% | 8h | 0.09414 | +0.728% | $4K | $11K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09415 | +0.738% | $577K | $527K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09420 | +0.795% | $8.5M | $4.1M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09420 | +0.793% | $201K | $271K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09410 | +0.685% | $35.1M | $110.9M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09411 | +0.695% | $32.9M | $38.1M | 75x | as long as short |
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Kraken Futures PF_HBARUSD
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 | 0.09412 | +0.706% | $6.4M | $25.7M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09416 | +0.749% | $2.6M | $3.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09414 | +0.728% | $28.5M | $20.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09418 | +0.770% | $7.0M | $6.9M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09413 | +0.717% | $18.0M | $18.5M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09413 | +0.717% | — | $7.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09413 | +0.717% | $38K | $204K | 15x | as long as short |
| Variational Omni HBARshort | +0.0100% | 8h | 0.09406 | +0.641% | $1.0M | $80K | — | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09411 | +0.697% | $383K | $3.9M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09417 | +0.760% | $153K | $698K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09414 | +0.728% | $437 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09454 | +1.156% | $72K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09413 | +0.717% | $2.4M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09414 | +0.723% | $49K | $364K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0184% | 1h | 0.09428 | +0.877% | $215K | $2.8M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09441 | +1.016% | $1.5M | $5.9M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0371% / S −0.0379% | 1h | 0.09422 | +0.815% | $78K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.0797% | 1h | 0.09436 | +0.968% | $40K | $20K | 5x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD