Funding you earn now, next payment 22:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.126%
Price spread now: Bitget against Kraken Futures+0.037%48s7-day average −0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.037%, 7d avg −0.086%
=The price spread pays, funding is against you. Bitget is 0.123% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.086%): +$12 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.186% in total) that is about 4.6 days. The two prices were read 48 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 7 days it paid -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09190 | 0.0384 | pay 0.0048% / 1h | 59m 24s | $1.4M | $2.3M | 50x |
| Short | Bitget HBARUSDT | 0.09193 | 0.0100 | get 0.0100% / 8h | 1h 59m | $16.9M | $14.8M | 75x |
Kraken Futures PF_HBARUSD
Bitget HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- −$59.6
- Price spread: +0.037% → −0.086%
- $12.31
- Slippage, 4 orders
- −$28.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$97.3
- Costs to cover
- 0.500%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Bitget: live order book, 4 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 Kraken Futures live order book, 4 min ago | 6.53 bp | 16.1 bp −$16 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.63 bp | 11.3 bp −$11 | 20.2 bp −$202 | 59.8 bp −$5,983 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0041% | 8h | 0.09189 | −0.007% | $2.4M | $3.5M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0017% | 8h | 0.09187 | −0.028% | $7.3M | $7.9M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09187 | −0.028% | $506K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09194 | +0.047% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0048% | 8h | 0.09185 | −0.049% | $1.0M | $197K | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0053% | 1h | 0.09182 | −0.083% | $31K | $103K | 15x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09173 | −0.182% | $51K | $220K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0072% | 8h | 0.09190 | +0.004% | $24.2M | $22.0M | 200x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09185 | −0.050% | $221K | $2.2M | 50x | as long as short |
| Binance HBARUSDT | +0.0073% | 8h | 0.09191 | +0.015% | $34.5M | $110.6M | 75x | as long as short |
Gate HBAR_USDT
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Backpack HBAR_USDC_PERP
Extended HBAR-USD
MEXC HBAR_USDT
Coinbase International HBAR-PERP-INTX
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09189 | −0.007% | $2K | $16K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09173 | −0.181% | $563K | $590K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09188 | −0.019% | $210K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09191 | +0.015% | $32.7M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09190 | +0.004% | $6.8M | $24.7M | 50x | as long as short |
| Bitget HBARUSDTshort | +0.0100% | 8h | 0.09193 | +0.037% | $16.9M | $14.8M | 75x | |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09190 | +0.004% | — | $5.9M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09184 | −0.057% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09185 | −0.050% | $147K | $709K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09179 | −0.115% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09206 | +0.178% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09181 | −0.094% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0192% | 8h | 0.09187 | −0.028% | $1.4M | $5.5M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09234 | +0.483% | $2K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0384% | 1h | 0.09190 | long leg | $1.4M | $2.3M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09195 | +0.056% | $103K | — | 100x | as long as short |
| Hyperliquid HBAR | +0.0467% | 1h | 0.09203 | +0.147% | $8.8M | $2.9M | 5x | as long as short |
| dYdX HBAR-USD | +0.3702% | 1h | 0.09183 | −0.077% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]
Hyperliquid HBAR
dYdX HBAR-USD