Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.014%
Price spread now: Coinbase International against Phemex−0.065%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.065%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.075% cheaper against Phemex than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09270 | 0.0100 | pay 0.0100% / 8h | 1h 44m | $2.1M | $2.3M | 50x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09264 | 0.0080 | get 0.0010% / 1h | 44m 58s | $211K | $2.3M | 50x |
Phemex HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$4.2
- Price spread: −0.065% → +0.011%
- −$7.53
- Slippage, 4 orders
- −$41.12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$74.85
- Costs to cover
- 0.631%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Coinbase International: live order book, 4 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 | 2.70 bp | 17.8 bp −$18 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.16 bp | 14.6 bp −$15 | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0672% | 1h | 0.09275 | +0.054% | $33K | $202K | 15x | as long as short |
| Kraken Futures PF_HBARUSD | −0.0267% | 1h | 0.09277 | +0.074% | $1.3M | $3.0M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09249 | −0.222% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09275 | +0.049% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.129% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09270 | 0.000% | $4K | $16K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0080% | 1h | 0.09264 | −0.065% | $211K | $2.3M | 50x | |
| Lighter HBAR | +0.0096% | 1h | 0.09270 | 0.000% | $558K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09279 | +0.097% | $8.6M | $3.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09270 | +0.002% | $199K | $333K | 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
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 | 0.09265 | −0.054% | $34.1M | $112.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09265 | −0.054% | $31.7M | $36.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09266 | −0.043% | $6.5M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09268 | −0.022% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09270 | 0.000% | $24.9M | $19.7M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09266 | −0.043% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09265 | −0.054% | $17.2M | $16.0M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09267 | −0.032% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09256 | −0.152% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09264 | −0.069% | $373K | $3.0M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09265 | −0.054% | $150K | $704K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09270 | 0.000% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09258 | −0.129% | $70K | $70K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09270 | long leg | $2.1M | $2.3M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09262 | −0.082% | $60K | $238K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09273 | +0.032% | $1.5M | $5.7M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0289% | 1h | 0.09281 | +0.119% | $511K | $178K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0359% / S −0.0261% | 1h | 0.09275 | +0.057% | $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-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]