Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.133%
Price spread now: Coinbase International against Kraken Futures−0.022%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.022%, 7d avg −0.062%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.040% dearer against Kraken Futures than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09272 | 0.0057 | pay 0.0007% / 1h | 2m 37s | $1.4M | $2.3M | 50x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09270 | 0.0056 | get 0.0007% / 1h | 2m 37s | $226K | $2.1M | 50x |
Kraken Futures PF_HBARUSD
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$0.31
- Price spread: −0.022% → −0.062%
- $3.99
- Slippage, 4 orders
- −$35.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$51.82
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 1 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 | 7.55 bp | 14.8 bp −$15 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 3.24 bp | 14.5 bp −$15 | 21.6 bp −$216 | doesn't fit | 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 | −0.0077% | 8h | 0.09259 | −0.140% | $7.3M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09274 | +0.021% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09276 | +0.042% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.054% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0039% | 8h | 0.09262 | −0.108% | $2.4M | $3.4M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0056% | 1h | 0.09270 | −0.022% | $226K | $2.1M | 50x | |
| Kraken Futures PF_HBARUSDlong | +0.0057% | 1h | 0.09272 | long leg | $1.4M | $2.3M | 50x | |
| Variational Omni HBAR | +0.0065% | 8h | 0.09307 | +0.375% | $1.0M | $191K | — | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09255 | −0.185% | $53K | $275K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0073% | 1h | 0.09282 | +0.108% | $511K | $152K | 50x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Variational Omni HBAR
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0075% | 8h | 0.09264 | −0.086% | $26.9M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0076% | 8h | 0.09263 | −0.098% | $34.8M | $105.0M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09270 | −0.022% | $2K | $17K | 10x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0079% | 8h | 0.09308 | +0.388% | $374K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0092% | 1h | 0.09314 | +0.453% | $149K | $723K | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09267 | −0.054% | $567K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09281 | +0.095% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09277 | +0.053% | $212K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09256 | −0.173% | $33.0M | $35.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09255 | −0.183% | $6.8M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09253 | −0.205% | $17.2M | $14.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09255 | −0.183% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09264 | −0.086% | $34K | $109K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09270 | −0.022% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09293 | +0.226% | $73K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09268 | −0.043% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09267 | −0.054% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0494% / S −0.0562% | 1h | 0.09275 | +0.029% | $117K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Orderly PERP_HBAR_USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]