Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.725%
Price spread now: Injective against Kraken Futures−0.784%63s7-day average −0.201% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.065%−$107 on $10k
+Price spread, last 3 days (all we have)+0.264%+$26 · spread now −0.784%, 7d avg −0.201%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 0.584% cheaper against Kraken Futures than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of −0.201%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09340 | 0.0057 | pay 0.0007% / 1h | 51m 39s | $1.4M | $2.3M | 50x |
| Short | Injective HBAR/USDC PERP | 0.09267 | 0.0033 | get 0.0004% / 1h | 51m 39s | $1K | $106K | 12x |
Kraken Futures PF_HBARUSD
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$4.98
- Price spread: −0.784% → −0.201%
- −$58.35
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$73.36
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; Injective: live order book, 17 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 Kraken Futures live order book, 2 min ago | 6.97 bp | 13.4 bp −$13 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell Injective live order book, 17 min ago | 38.14 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0210% | 1h | 0.09319 | −0.228% | $149K | $711K | 50x | as long as short |
| Gate HBAR_USDT | −0.0206% | 8h | 0.09329 | −0.121% | $2.4M | $3.3M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0078% | 8h | 0.09328 | −0.131% | $7.4M | $7.9M | 75x | as long as short |
| GRVT HBAR_USDT_Perp | −0.0021% | 8h | 0.09338 | −0.023% | $376K | $2.2M | 10x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09341 | +0.008% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09358 | +0.193% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09267 | −0.784% | $1K | $106K | 12x | |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09338 | −0.024% | $237K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0057% | 1h | 0.09340 | long leg | $1.4M | $2.3M | 50x | |
| Variational Omni HBAR | +0.0077% | 8h | 0.09324 | −0.171% | $1.0M | $202K | — | as long as short |
ApeX Omni HBARUSDT
Gate HBAR_USDT
KuCoin HBARUSDTM
GRVT HBAR_USDT_Perp
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09340 | −0.003% | $2K | $17K | 10x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09328 | −0.133% | $52K | $222K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0082% | 8h | 0.09331 | −0.099% | $26.4M | $22.2M | 200x | as long as short |
| Binance HBARUSDT | +0.0082% | 8h | 0.09311 | −0.318% | $35.0M | $109.7M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09332 | −0.088% | $572K | $547K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09349 | +0.093% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09333 | −0.082% | $213K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09304 | −0.388% | $33.1M | $36.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09301 | −0.420% | $6.9M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09322 | −0.195% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09324 | −0.174% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09338 | −0.024% | $37K | $103K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09333 | −0.078% | $433 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09365 | +0.265% | $74K | $59K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09337 | −0.035% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0203% | 8h | 0.09339 | −0.013% | $1.5M | $5.9M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0392% | 1h | 0.09349 | +0.094% | $515K | $166K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0492% / S −0.0555% | 1h | 0.09357 | +0.184% | $117K | — | 100x | as long as short |
Orderly PERP_HBAR_USDC
Extended HBAR-USD
MEXC HBAR_USDT
Binance 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
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]