Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Backpack against ApeX Omni−0.305%7-day average −0.008% · 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−$430.429% of the position
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.305%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.297% cheaper against ApeX Omni than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni HBARUSDT | 0.09192 | 0.0100 | pay 0.0013% / 1h | 53m 21s | $147K | $702K | 50x |
| Short | Backpack HBAR_USDC_PERP | 0.09164 | 0.0100 | get 0.0013% / 1h | 53m 21s | $31K | $101K | 15x |
ApeX Omni HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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
- $0
- Price spread: −0.305% → −0.008%
- −$29.67
- Slippage, 4 orders
- −$22.88
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$72.55
- Costs to cover
- 0.429%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 35 min ago; Backpack: live order book, 34 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 ApeX Omni live order book, 35 min ago | 4.36 bp | 13.1 bp −$13 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 34 min ago | 1.63 bp | 8.8 bp −$9 | 405.8 bp −$4,058 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0028% | 8h | 0.09184 | −0.087% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0016% | 8h | 0.09191 | −0.011% | $2.4M | $3.5M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09197 | +0.057% | $8K | — | 150x | as long as short |
| Extended HBAR-USD | +0.0048% | 1h | 0.09192 | 0.000% | $51K | $210K | 10x | as long as short |
| Variational Omni HBAR | +0.0051% | 8h | 0.09200 | +0.092% | $1.0M | $201K | — | as long as short |
| MEXC HBAR_USDT | +0.0051% | 8h | 0.09192 | 0.000% | $24.1M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0052% | 8h | 0.09191 | −0.007% | $34.6M | $111.5M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09166 | −0.283% | $221K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09188 | −0.044% | $3K | $17K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0077% | 1h | 0.09169 | −0.250% | $505K | $151K | 50x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Extended HBAR-USD
Variational Omni HBAR
MEXC HBAR_USDT
Binance HBARUSDT
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Deribit HBAR_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09175 | −0.185% | $563K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09207 | +0.159% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09187 | −0.051% | $215K | $451K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09193 | +0.011% | $32.9M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09189 | −0.033% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09196 | +0.044% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09193 | +0.011% | — | $5.8M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09164 | −0.305% | $31K | $101K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09208 | +0.171% | $373K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDTlong | +0.0100% | 1h | 0.09192 | long leg | $147K | $702K | 50x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09159 | −0.359% | $425 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09202 | +0.109% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09165 | −0.294% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0171% | 8h | 0.09208 | +0.174% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.207% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0385% | 1h | 0.09169 | −0.245% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09196 | +0.048% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.5620% | 1h | 0.09174 | −0.190% | $30K | $4K | 5x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD