Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%
Price spread now: Binance against Phemex+0.201%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.201%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.220% dearer against Phemex than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09465 | 0.0100 | pay 0.0100% / 8h | 15m 37s | $2.4M | $2.4M | 50x |
| Short | Binance HBARUSDT | 0.09484 | 0.0100 | get 0.0100% / 8h | 15m 37s | $35.3M | $112.4M | 75x |
Phemex HBARUSDT
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- Price spread: +0.201% → −0.020%
- $22.04
- Slippage, 4 orders
- −$33.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.46
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 12 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 Phemex live order book, 3 min ago | 2.63 bp | 20.4 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.53 bp | 7.3 bp −$7 | 19.4 bp −$194 | 65.0 bp −$6,501 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HBARUSD | −0.0144% | 1h | 0.09472 | +0.069% | $1.3M | $2.9M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09478 | +0.137% | $522K | $178K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09479 | +0.145% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.933% | $1K | $103K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09478 | +0.137% | $213K | $2.4M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09471 | +0.063% | $2K | $12K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09482 | +0.180% | $570K | $601K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09494 | +0.304% | $8.8M | $3.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09488 | +0.240% | $204K | $323K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09484 | +0.201% | $35.3M | $112.4M | 75x |
Kraken Futures PF_HBARUSD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09484 | +0.201% | $32.7M | $36.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09484 | +0.201% | $6.7M | $25.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09481 | +0.169% | $2.5M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09482 | +0.180% | $26.3M | $20.2M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09486 | +0.222% | $7.6M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09483 | +0.190% | $17.5M | $16.2M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09482 | +0.180% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09464 | −0.011% | $36K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09473 | +0.085% | $1.0M | $178K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09500 | +0.370% | $385K | $3.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09497 | +0.338% | $154K | $701K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09466 | +0.011% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09500 | +0.370% | $72K | $71K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09465 | long leg | $2.4M | $2.4M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09481 | +0.173% | $49K | $307K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09486 | +0.222% | $1.5M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0364% / S −0.0262% | 1h | 0.09463 | −0.017% | $85K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2016% | 1h | 0.09485 | +0.215% | $31K | $9K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD