HD funding rates and arbitrage

HD perpetuals trade on 9 contracts across 9 venues, forming 36 cross-venue arbitrage pairs. By net APR the current best pair is long Aster against short Crypto.com, netting +14.67%, though note the legs settle on different cadences (8h / 4h)ใ€‚

HD perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
LBankHDUSDTUSDT8h0.0000%0.00%-3.58%$703K310.830
KuCoinHDUSDTMUSDT8h0.0000%0.00%0.00%$667K310.750
MEXCHDSTOCK_USDTUSDT8h0.0000%0.00%-3.58%$101K310.820
HTXHD-USDTUSDT8h0.0000%0.00%0.00%$59K310.835
BitgetHDUSDTUSDT8h0.0000%0.00%0.00%$30K310.850
BybitHDUSDTUSDT8h0.0000%0.00%0.00%$4K310.970
GateHD_USDTUSDT8h0.0000%0.00%0.00%$2K310.400
Crypto.comHDUSD-PERPUSD4h0.0067%+14.67%+8.45%$179310.920
AsterHDUSDTUSDT8h0.0000%0.00%0.00%$143310.914

HD cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Aster USDTCrypto.com USD+14.67%0.0402%+8.45%8h / 4h$143
Bitget USDTCrypto.com USD+14.67%0.0402%+8.45%8h / 4h$179
Bybit USDTCrypto.com USD+14.67%0.0402%+8.45%8h / 4h$179
Gate USDTCrypto.com USD+14.67%0.0402%+8.45%8h / 4h$179
HTX USDTCrypto.com USD+14.67%0.0402%+8.45%8h / 4h$179
KuCoin USDTCrypto.com USD+14.67%0.0402%+8.45%8h / 4h$179
LBank USDTCrypto.com USD+14.67%0.0402%+12.03%8h / 4h$179
MEXC USDTCrypto.com USD+14.67%0.0402%+12.03%8h / 4h$179
Aster USDTBitget USDT0.00%0.0000%0.00%8h matched$143
Aster USDTBybit USDT0.00%0.0000%0.00%8h matched$143
Aster USDTGate USDT0.00%0.0000%0.00%8h matched$143
Aster USDTHTX USDT0.00%0.0000%0.00%8h matched$143

Hermes Desktop project profile

Key facts
Total
100.00B
Max supply
100.00B
Type
Token
Artificial Intelligence (AI)Base EcosystemAI AgentsAI Framework
Contract addresses
base0xfda75f77a22b4f4b783bbbb21915ef64d149bba3

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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