Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Backpack against Aster−0.042%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 5 days (all we have)−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.042%, 7d avg −0.001%
=Together, before fees−0.074%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.042% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster HBARUSDT | 0.09273 | 0.0100 | pay 0.0100% / 8h | 16m 05s | $211K | $429K | 50x |
| Short | Backpack HBAR_USDC_PERP | 0.09269 | 0.0100 | get 0.0013% / 1h | 16m 05s | $34K | $102K | 15x |
Aster HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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: −0.042% → −0.001%
- −$4.15
- Slippage, 4 orders
- −$27.17
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$49.33
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from Aster: live order book, 61 min ago; Backpack: live order book, 62 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 Aster live order book, 61 min ago | 8.12 bp | 14.0 bp −$14 | 106.4 bp −$1,064 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 62 min ago | 1.08 bp | 9.2 bp −$9 | 654.4 bp −$6,544 | 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 | −0.0065% | 8h | 0.09266 | −0.075% | $7.3M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0035% | 8h | 0.09276 | +0.033% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09278 | +0.054% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09275 | +0.022% | $511K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09273 | +0.004% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09276 | +0.033% | $222K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0079% | 8h | 0.09270 | −0.030% | $1.0M | $199K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0082% | 8h | 0.09264 | −0.096% | $2K | $17K | 10x | as long as short |
| Binance HBARUSDT | +0.0094% | 8h | 0.09260 | −0.136% | $34.8M | $109.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0095% | 8h | 0.09265 | −0.086% | $25.9M | $22.5M | 200x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Binance HBARUSDT
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09266 | −0.075% | $568K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09264 | −0.096% | $51K | $218K | 10x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09281 | +0.086% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDTlong | +0.0100% | 8h | 0.09273 | long leg | $211K | $429K | 50x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09267 | −0.064% | $33.0M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09266 | −0.075% | $6.8M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09273 | +0.001% | $17.2M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09267 | −0.064% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09269 | −0.042% | $34K | $102K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09276 | +0.034% | $378K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09278 | +0.055% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09265 | −0.086% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09295 | +0.238% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09266 | −0.075% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0216% | 8h | 0.09272 | −0.010% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | −0.064% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0413% | 1h | 0.09273 | +0.003% | $1.4M | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09272 | −0.010% | $104K | — | 100x | as long as short |
Lighter HBAR
Extended HBAR-USD
Hyperliquid HBAR
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
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]