Funding you earn now, next payment 23:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.123%
Price spread now: Phemex against Kraken Futures−0.061%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$640.639% of the position
Funding, last 7 days−0.185%−$18 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.061%, 7d avg −0.076%
=The price spread sits at its 7-day average of −0.076%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09294 | 0.0193 | pay 0.0024% / 1h | 23m 51s | $1.4M | $2.2M | 50x |
| Short | Phemex HBARUSDT | 0.09288 | 0.0100 | get 0.0100% / 8h | 1h 23m | $2.2M | $2.2M | 50x |
Kraken Futures PF_HBARUSD
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$19.53
- Price spread: −0.061% → −0.076%
- $1.55
- Slippage, 4 orders
- −$41.85
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$81.84
- Costs to cover
- 0.639%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago | 4.85 bp | 14.4 bp −$14 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.24 bp | 21.5 bp −$21 | 36.9 bp −$369 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | −0.287% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0022% | 8h | 0.09279 | −0.158% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0004% | 8h | 0.09284 | −0.104% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09298 | +0.049% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09291 | −0.028% | $512K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09292 | −0.015% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09296 | +0.025% | $223K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09285 | −0.093% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0077% | 8h | 0.09280 | −0.143% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09284 | −0.104% | $570K | $591K | 5x | as long as short |
Injective HBAR/USDC PERP
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 HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0096% | 1h | 0.09279 | −0.152% | $51K | $218K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0096% | 8h | 0.09285 | −0.093% | $26.1M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0097% | 8h | 0.09281 | −0.136% | $34.8M | $110.5M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09299 | +0.053% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09286 | −0.082% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09283 | −0.114% | $33.0M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09282 | −0.125% | $6.8M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09282 | −0.125% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09283 | −0.114% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09285 | −0.093% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09285 | −0.088% | $378K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09288 | −0.061% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09284 | −0.104% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09312 | +0.198% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09288 | −0.061% | $2.2M | $2.2M | 50x | |
| Kraken Futures PF_HBARUSDlong | +0.0193% | 1h | 0.09294 | long leg | $1.4M | $2.2M | 50x | |
| BloFin HBAR-USDT | +0.0217% | 8h | 0.09287 | −0.071% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09292 | −0.020% | $104K | — | 100x | as long as short |
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]