HBAR arbitrage explained
Right now Hedera (HBAR) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.095 and the highest bid on HTX perp at $0.0955.
The widest HBAR perpetual spread is between Bybit and HTX: long HBAR on Bybit at $0.095 and short on HTX at $0.0955 for +0.59% gross, or +0.43% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.391% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best HBAR route is to buy spot on MEXC and short the perpetual on HTX: +0.57% gross, +0.37% net, with +0.417% a day of funding on the short leg.
Spot–spot HBAR arbitrage (buy on MEXC, withdraw, deposit and sell on Bitget) shows +0.08% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small HBAR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: HBAR funding rates · HBAR spread charts · Hedera price · arbitrage scanner for all coins.