Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Phemex−0.054%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$480.477% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.054%, 7d avg −0.001%
=Funding pays, the price is against you. BloFin is 0.053% cheaper against Phemex than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.001%). If the spread goes back, that is −$5 on $10k: about 35 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09278 | 0.0100 | pay 0.0100% / 8h | 1h 21m | $2.1M | $2.1M | 50x |
| Short | BloFin HBAR-USDT | 0.09273 | 0.0220 | get 0.0220% / 8h | 1h 21m | $1.5M | $5.7M | 90x |
Phemex HBARUSDT
BloFin HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.054% → −0.001%
- −$5.27
- Slippage, 4 orders
- −$23.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.81
- Costs to cover
- 0.477%
- Break-even
- 14.7 days
Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 3 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, 2 min ago | 2.16 bp | 18.8 bp −$19 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.08 bp | 8.1 bp −$8 | 10.6 bp −$106 | 35.7 bp −$3,572 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0465% | 1h | 0.09277 | −0.011% | $35K | $201K | 15x | as long as short |
| Kraken Futures PF_HBARUSD | −0.0267% | 1h | 0.09281 | +0.028% | $1.3M | $3.0M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09267 | −0.122% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09270 | −0.088% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.043% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09267 | −0.119% | $4K | $13K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09280 | +0.022% | $210K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09275 | −0.032% | $559K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09285 | +0.081% | $8.6M | $3.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09279 | +0.014% | $199K | $329K | 50x | as long as short |
Backpack HBAR_USDC_PERP
Kraken Futures PF_HBARUSD
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09275 | −0.032% | $34.2M | $111.7M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09276 | −0.022% | $31.7M | $35.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09274 | −0.043% | $6.5M | $25.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09272 | −0.065% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09275 | −0.032% | $25.1M | $20.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09279 | +0.011% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09275 | −0.032% | $17.2M | $15.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09275 | −0.032% | — | $6.9M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09290 | +0.128% | $1.0M | $185K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09255 | −0.243% | $370K | $3.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09267 | −0.119% | $150K | $704K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09275 | −0.032% | $431 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09284 | +0.065% | $70K | $70K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09278 | long leg | $2.1M | $2.1M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09273 | −0.056% | $59K | $221K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0181% | 1h | 0.09275 | −0.032% | $511K | $178K | 50x | as long as short |
| BloFin HBAR-USDTshort | +0.0220% | 8h | 0.09273 | −0.054% | $1.5M | $5.7M | 90x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0359% / S −0.0261% | 1h | 0.09276 | −0.019% | $83K | — | 100x | as long as short |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]