Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%
Price spread now: Binance against Backpack−0.097%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.097%, 7d avg −0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.066% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09269 | 0.0100 | pay 0.0013% / 1h | 18m 55s | $66K | $145K | 15x |
| Short | Binance HBARUSDT | 0.09260 | 0.0100 | get 0.0100% / 8h | 5h 18m | $34.2M | $104.2M | 75x |
Backpack HBAR_USDC_PERP
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. 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: −0.097% → −0.031%
- −$6.63
- Slippage, 4 orders
- −$10.56
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.19
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 44 min ago; Binance: live order book, 9 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 Backpack live order book, 44 min ago | 0.54 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.54 bp | 6.6 bp −$7 | 15.2 bp −$152 | 48.6 bp −$4,863 | 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 | −0.0020% | 8h | 0.09265 | −0.043% | $7.2M | $7.2M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09265 | −0.042% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09272 | +0.032% | $511K | $152K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09269 | −0.003% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0044% | 8h | 0.09263 | −0.065% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09231 | −0.410% | $231K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0078% | 8h | 0.09279 | +0.106% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09263 | −0.065% | $2K | $14K | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.140% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09264 | −0.054% | $563K | $592K | 5x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Injective HBAR/USDC PERP
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09277 | +0.083% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09268 | −0.011% | $211K | $318K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09260 | −0.097% | $34.2M | $104.2M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09262 | −0.076% | $32.8M | $33.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09262 | −0.076% | $6.7M | $24.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09263 | −0.065% | $26.2M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09264 | −0.054% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09265 | −0.043% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09269 | long leg | $66K | $145K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09280 | +0.119% | $373K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09283 | +0.151% | $148K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09265 | −0.043% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09282 | +0.140% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09268 | −0.011% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09261 | −0.091% | $52K | $272K | 10x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0204% | 1h | 0.09271 | +0.026% | $1.4M | $2.5M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09260 | −0.097% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09268 | −0.006% | $80K | — | 100x | as long as short |
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]