Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against Phemex−0.053%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.053%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.053% cheaper against Phemex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09479 | 0.0100 | pay 0.0100% / 8h | 3h 44m | $2.2M | $2.2M | 50x |
| Short | KuCoin HBARUSDTM | 0.09474 | 0.0070 | get 0.0070% / 8h | 3h 44m | $7.5M | $7.4M | 75x |
Phemex HBARUSDT
KuCoin HBARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.3
- Price spread: −0.053% → 0.000%
- −$5.3
- Slippage, 4 orders
- −$46.13
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$81.72
- Costs to cover
- 0.701%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; KuCoin: 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, 4 min ago | 0.53 bp | 16.1 bp −$16 | 31.9 bp −$319 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.69 bp | 16.3 bp −$16 | 47.1 bp −$471 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09480 | +0.007% | $31K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09483 | +0.037% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.078% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTMshort | +0.0070% | 8h | 0.09474 | −0.053% | $7.5M | $7.4M | 75x | |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09478 | −0.011% | $3K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09475 | −0.042% | $230K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09476 | −0.032% | $572K | $610K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09478 | −0.016% | $216K | $324K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09478 | −0.011% | $35.1M | $108.7M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09480 | +0.011% | $33.5M | $34.9M | 75x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09480 | +0.011% | $6.7M | $25.8M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09476 | −0.032% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09478 | −0.011% | $26.3M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09481 | +0.021% | $17.4M | $15.2M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09481 | +0.021% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09482 | +0.032% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09472 | −0.076% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09443 | −0.381% | $384K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09477 | −0.021% | $153K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09483 | +0.042% | $440 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09489 | +0.105% | $72K | $68K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09479 | long leg | $2.2M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09476 | −0.029% | $50K | $277K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0172% | 1h | 0.09490 | +0.116% | $523K | $190K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09483 | +0.042% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0346% / S −0.0235% | 1h | 0.09482 | +0.035% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0354% | 1h | 0.09489 | +0.107% | $1.4M | $2.9M | 50x | as long as short |
| Hyperliquid HBAR | +0.0723% | 1h | 0.09493 | +0.151% | $9.6M | $3.2M | 5x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Hyperliquid HBAR