Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.003%
Price spread now: Deribit against OKX−0.075%46s7-day average +0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$400.403% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.075%, 7d avg +0.109%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.184% cheaper against OKX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.109%). Swap the legs. The two prices were read 46 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 | OKX HBAR-USDT-SWAP | 0.09332 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $6.9M | $25.1M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09325 | 0.0072 | get 0.0009% / 1h | 26m 30s | $513K | $166K | 50x |
OKX HBAR-USDT-SWAP
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- −$5.88
- Price spread: −0.075% → +0.109%
- −$18.39
- Slippage, 4 orders
- −$23.27
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$64.54
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Deribit: live order book, 47 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 OKX live order book, 2 min ago | 0.54 bp | 11.7 bp −$12 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 5.40 bp | 10.6 bp −$11 | 17.4 bp −$174 | 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 | −0.0079% | 8h | 0.09318 | −0.150% | $7.4M | $7.7M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09332 | +0.003% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09320 | −0.126% | $8K | — | 150x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0028% | 8h | 0.09312 | −0.218% | $379K | $2.2M | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.697% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09322 | −0.107% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09323 | −0.101% | $1.4M | $2.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09329 | −0.036% | $53K | $332K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0072% | 1h | 0.09325 | −0.075% | $513K | $166K | 50x | |
| MEXC HBAR_USDT | +0.0074% | 8h | 0.09327 | −0.054% | $26.6M | $22.4M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
GRVT HBAR_USDT_Perp
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Extended HBAR-USD
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni HBAR | +0.0075% | 8h | 0.09309 | −0.246% | $1.0M | $197K | — | as long as short |
| Binance HBARUSDT | +0.0075% | 8h | 0.09333 | +0.013% | $35.0M | $108.5M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09316 | −0.171% | $2K | $17K | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0088% | 1h | 0.09291 | −0.439% | $149K | $718K | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09325 | −0.075% | $571K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09337 | +0.048% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09328 | −0.043% | $213K | $407K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09332 | 0.000% | $33.1M | $35.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAPlong | +0.0100% | 8h | 0.09332 | long leg | $6.9M | $25.1M | 50x | |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09332 | 0.000% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09336 | +0.043% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09328 | −0.043% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09320 | −0.129% | $32K | $106K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09315 | −0.182% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09335 | +0.032% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09318 | −0.150% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0195% | 8h | 0.09318 | −0.150% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0494% / S −0.0463% | 1h | 0.09320 | −0.126% | $124K | — | 100x | as long as short |
Variational Omni HBAR
Binance HBARUSDT
Orderly PERP_HBAR_USDC
ApeX Omni HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
Gate HBAR_USDT
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]