Funding you earn now, next payment 00:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.122%
Price spread now: BloFin against Kraken Futures−0.097%57s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$410.414% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.097%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 57 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 -0.037% in total (about -1.9% 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 | 0.09278 | 0.0413 | pay 0.0052% / 1h | 37m 56s | $1.4M | $2.3M | 50x |
| Short | BloFin HBAR-USDT | 0.09269 | 0.0220 | get 0.0220% / 8h | 37m 56s | $1.5M | $5.8M | 90x |
Kraken Futures PF_HBARUSD
BloFin HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$40.5
- Price spread: −0.097% → −0.068%
- −$2.95
- Slippage, 4 orders
- −$19.42
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84.87
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago | 3.77 bp | 14.0 bp −$14 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 2.69 bp | 8.7 bp −$9 | 14.5 bp −$145 | 35.7 bp −$3,571 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0034% | 8h | 0.09267 | −0.119% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0015% | 8h | 0.09276 | −0.022% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09279 | +0.014% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09278 | 0.000% | $511K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09278 | −0.006% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09283 | +0.053% | $222K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0082% | 8h | 0.09271 | −0.076% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0085% | 8h | 0.09284 | +0.068% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09271 | −0.076% | $568K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09285 | +0.077% | $8.8M | $2.8M | 5x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09274 | −0.045% | $212K | $429K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09270 | −0.088% | $34.8M | $110.0M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09269 | −0.097% | $33.0M | $36.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09269 | −0.097% | $6.8M | $25.1M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09270 | −0.087% | $26.2M | $22.3M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09273 | −0.054% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09272 | −0.065% | — | $6.0M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09276 | −0.022% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09286 | +0.081% | $378K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09289 | +0.118% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09270 | −0.087% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09288 | +0.107% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09269 | −0.097% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09268 | −0.106% | $51K | $218K | 10x | as long as short |
| BloFin HBAR-USDTshort | +0.0220% | 8h | 0.09269 | −0.097% | $1.5M | $5.8M | 90x | |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | −0.119% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0413% | 1h | 0.09278 | long leg | $1.4M | $2.3M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09276 | −0.022% | $104K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
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
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]