Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.015%
Price spread now: Gate against Phemex−0.022%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$710.711% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.022%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.021% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09254 | 0.0100 | pay 0.0100% / 8h | 6h 44m | $2.2M | $2.1M | 50x |
| Short | Gate HBAR_USDT | 0.09252 | 0.0065 | get 0.0065% / 8h | 6h 44m | $2.4M | $3.0M | 75x |
Phemex HBARUSDT
Gate HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$7.35
- Price spread: −0.022% → −0.001%
- −$2.08
- Slippage, 4 orders
- −$44.15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$80.58
- Costs to cover
- 0.711%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Gate: 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, 4 min ago | 1.62 bp | 18.3 bp −$18 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.16 bp | 17.6 bp −$18 | 61.6 bp −$616 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0091% | 1h | 0.09264 | +0.108% | $148K | $724K | 50x | as long as short |
| KuCoin HBARUSDTM | −0.0078% | 8h | 0.09256 | +0.022% | $7.3M | $7.4M | 75x | as long as short |
| Lighter HBAR | 0.0000% | 1h | 0.09248 | −0.065% | $560K | $583K | 5x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09234 | −0.221% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09247 | −0.078% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.303% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09250 | −0.043% | $226K | $2.1M | 50x | as long as short |
| Gate HBAR_USDTshort | +0.0065% | 8h | 0.09252 | −0.022% | $2.4M | $3.0M | 75x | |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09259 | +0.049% | $1.4M | $2.4M | 50x | as long as short |
| Binance HBARUSDT | +0.0071% | 8h | 0.09254 | +0.003% | $34.5M | $104.4M | 75x | as long as short |
ApeX Omni HBARUSDT
KuCoin HBARUSDTM
Lighter HBAR
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0071% | 8h | 0.09253 | −0.011% | $26.5M | $21.7M | 200x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09247 | −0.077% | $47K | $278K | 10x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0072% | 8h | 0.09270 | +0.168% | $377K | $2.2M | 10x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0074% | 8h | 0.09249 | −0.054% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0075% | 8h | 0.09246 | −0.086% | $1.0M | $186K | — | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09266 | +0.133% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09239 | −0.159% | $211K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09252 | −0.022% | $32.9M | $34.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09253 | −0.011% | $6.8M | $24.7M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09257 | +0.032% | $17.2M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09254 | 0.000% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09258 | +0.043% | $34K | $120K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09254 | 0.000% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09249 | −0.054% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09254 | long leg | $2.2M | $2.1M | 50x | |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09272 | +0.195% | $1.5M | $5.5M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0398% | 1h | 0.09261 | +0.076% | $510K | $154K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09245 | −0.093% | $115K | — | 100x | as long as short |
MEXC HBAR_USDT
Extended HBAR-USD
GRVT HBAR_USDT_Perp
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]