Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.011%

Price spread now: Coinbase International against Orderly−0.044%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.044% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	Orderly PERP_HBAR_USDC	0.09189	0.0076	pay 0.0076% / 8h	1h 59m	$2K	$16K	10x
Short	Coinbase International HBAR-PERP-INTX	0.09185	0.0072	get 0.0009% / 1h	59m 24s	$221K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$0.89
Price spread: −0.044% → 0.000%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.25
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	6.54 bp	13.5 bp −$14	17.7 bp −$177	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate HBAR_USDT	−0.0041%	8h	0.09189	0.000%	$2.4M	$3.5M	75x	as long as short
KuCoin HBARUSDTM	−0.0017%	8h	0.09187	−0.022%	$7.3M	$7.9M	75x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09187	−0.022%	$506K	$151K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0014%	1h	0.09194	+0.053%	$8K	—	150x	as long as short
Variational Omni HBAR	+0.0048%	8h	0.09185	−0.043%	$1.0M	$197K	—	as long as short
Backpack HBAR_USDC_PERP	+0.0053%	1h	0.09182	−0.076%	$31K	$103K	15x	as long as short
Extended HBAR-USD	+0.0072%	1h	0.09173	−0.175%	$51K	$220K	10x	as long as short
MEXC HBAR_USDT	+0.0072%	8h	0.09190	+0.011%	$24.2M	$22.0M	200x	as long as short
Coinbase International HBAR-PERP-INTXshort	+0.0072%	1h	0.09185	−0.044%	$221K	$2.2M	50x
Binance HBARUSDT	+0.0073%	8h	0.09191	+0.022%	$34.5M	$110.6M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HBAR_USDClong	+0.0076%	8h	0.09189	long leg	$2K	$16K	10x
Lighter HBAR	+0.0096%	1h	0.09173	−0.174%	$563K	$590K	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09188	−0.013%	$210K	$429K	50x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09191	+0.022%	$32.7M	$37.0M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09190	+0.011%	$6.8M	$24.7M	50x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09193	+0.044%	$16.9M	$14.8M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09190	+0.011%	—	$5.9M	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09184	−0.050%	$374K	$2.1M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09185	−0.044%	$147K	$709K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09179	−0.109%	$426	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09206	+0.185%	$72K	$53K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09181	−0.087%	$2.2M	$2.1M	50x	as long as short
BloFin HBAR-USDT	+0.0192%	8h	0.09187	−0.022%	$1.4M	$5.5M	90x	as long as short
Injective HBAR/USDC PERP	+0.0311%	1h	0.09234	+0.490%	$2K	$112K	12x	as long as short
Kraken Futures PF_HBARUSD	+0.0384%	1h	0.09190	+0.007%	$1.4M	$2.3M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0445% / S −0.0478%	1h	0.09195	+0.063%	$103K	—	100x	as long as short
Hyperliquid HBAR	+0.0467%	1h	0.09203	+0.153%	$8.8M	$2.9M	5x	as long as short
dYdX HBAR-USD	+0.3702%	1h	0.09183	−0.070%	$30K	$4K	5x	as long as short