Funding you earn now, next payment 11:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.002%
Price spread now: Deribit against Phemex+0.032%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.032%, 7d avg +0.068%
=Funding pays, the price is against you. Deribit is 0.036% cheaper against Phemex than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.068%). If the spread goes back, that is −$4 on $10k: about 40 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09455 | 0.0100 | pay 0.0100% / 8h | 5h 49m | $2.5M | $3.3M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09458 | 0.0173 | get 0.0022% / 1h | 49m 13s | $531K | $224K | 50x |
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $15.33
- Price spread: +0.032% → +0.068%
- −$3.61
- Slippage, 4 orders
- −$34.97
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$42.25
- Costs to cover
- 0.540%
- Break-even
- 26.3 days
Slippage from Phemex: live order book, 3 min ago; Deribit: live order book, 62 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 | 2.12 bp | 17.1 bp −$17 | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 62 min ago | 5.17 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0072% | 1h | 0.09663 | +2.200% | $5K | $101K | 12x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09465 | +0.103% | $11K | — | 150x | as long as short |
| ApeX Omni HBARUSDT | +0.0064% | 1h | 0.09447 | −0.085% | $153K | $702K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09446 | −0.095% | $1K | $9K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09457 | +0.021% | $575K | $545K | 5x | as long as short |
| Gate HBAR_USDT | +0.0096% | 8h | 0.09446 | −0.095% | $2.5M | $2.9M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09457 | +0.025% | $8.6M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09457 | +0.022% | $202K | $375K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09455 | −0.003% | $35.7M | $114.5M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09451 | −0.042% | $33.5M | $37.8M | 75x | as long as short |
Injective HBAR/USDC PERP
gTrade (Gains Network) HBAR/USD
ApeX Omni HBARUSDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Gate HBAR_USDT
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09457 | +0.021% | $6.6M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09455 | 0.000% | $27.4M | $20.1M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09450 | −0.053% | $7.0M | $7.3M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09452 | −0.032% | $17.9M | $18.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09448 | −0.074% | — | $7.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09457 | +0.021% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09437 | −0.189% | $1.0M | $100K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09463 | +0.082% | $388K | $3.7M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09456 | +0.011% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09462 | +0.074% | $72K | $65K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09455 | long leg | $2.5M | $3.3M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09447 | −0.086% | $50K | $307K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0173% | 1h | 0.09458 | +0.032% | $531K | $224K | 50x | |
| Coinbase International HBAR-PERP-INTX | +0.0192% | 1h | 0.09451 | −0.042% | $224K | $2.9M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09450 | −0.053% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09453 | −0.020% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0423% | 1h | 0.09459 | +0.041% | $1.4M | $3.7M | 50x | as long as short |
| dYdX HBAR-USD | +0.1024% | 1h | 0.09450 | −0.055% | $40K | $21K | 5x | as long as short |
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD