Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.129%

Price spread now: Kraken Futures against Variational Omni−0.580%7-day average +0.108% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.308%+$31 on $10k

Price spread, last 4 days (all we have)+0.590%+$59 · spread now −0.580%, 7d avg +0.108%

Together, before fees+0.898%+ Points / potential airdropVariational Omni: Active · farm board+$90 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.688% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.580% now, against its 7-day average of +0.108%). If the spread goes back, that is −$69 on $10k: about 8.9 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HBAR	0.09440	0.0100	pay 0.0100% / 8h	3h 21m	$1.0M	$188K	—
Short	Kraken Futures PF_HBARUSD	0.09385	0.0358	get 0.0045% / 1h	21m 42s	$1.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.580%Rate

Funding earned: $54.18
Price spread: −0.580% → +0.108%: −$68.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$24.58
Costs to cover: 0.100%
Break-even: 10.2 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	3.72 bp	doesn't fit	18.6 bp −$186	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	5.31 bp	13.2 bp −$13	19.2 bp −$192	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	0.09408	−0.340%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09385	−0.580%	$517K	$190K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0011%	1h	0.09384	−0.595%	$9K	—	150x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	−1.671%	$1K	$105K	12x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0080%	1h	0.09389	−0.538%	$222K	$2.3M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0080%	8h	0.09379	−0.644%	$2K	$14K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09397	−0.453%	$566K	$616K	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09407	−0.350%	$202K	$336K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09404	−0.377%	$34.9M	$110.1M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09404	−0.379%	$33.2M	$35.3M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09404	−0.379%	$6.7M	$25.8M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09400	−0.421%	$2.4M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09403	−0.389%	$26.1M	$19.8M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09397	−0.453%	$7.6M	$7.4M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09406	−0.358%	$17.1M	$15.6M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09404	−0.379%	—	$6.5M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09381	−0.622%	$38K	$199K	15x	as long as short
Variational Omni HBARlong	+0.0100%	8h	0.09440	long leg	$1.0M	$188K	—
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09434	−0.063%	$386K	$2.7M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09452	+0.130%	$154K	$712K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09383	−0.601%	$436	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09394	−0.485%	$71K	$68K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09383	−0.601%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09402	−0.405%	$50K	$273K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09411	−0.305%	$1.5M	$5.6M	90x	as long as short
Kraken Futures PF_HBARUSDshort	+0.0358%	1h	0.09385	−0.580%	$1.3M	$2.9M	50x
GMX HBAR/USD [WBTC.b-USDC]	L +0.0592% / S −0.0614%	1h	0.09381	−0.622%	$150K	—	100x	as long as short
Hyperliquid HBAR	+0.0612%	1h	0.09413	−0.283%	$9.5M	$3.3M	5x	as long as short