Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: BingX against Backpack−0.043%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days+0.288%+$29 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.043%, 7d avg −0.037%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09252 | 0.0100 | pay 0.0013% / 1h | 35m 29s | $34K | $102K | 15x |
| Short | BingX HBAR-USDT | 0.09248 | 0.0100 | get 0.0100% / 8h | 35m 29s | — | $6.0M | — |
Backpack HBAR_USDC_PERP
BingX HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.043% → −0.037%
- −$0.67
- Slippage, 4 orders
- −$15.1
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$35.76
- Costs to cover
- 0.351%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 42 min ago; BingX: live order book, 15 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, 42 min ago | 1.08 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 1.07 bp | 8.9 bp −$9 | 16.7 bp −$167 | 50.1 bp −$5,008 | 308.6 bp −$154.3K |
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 | −0.0038% | 8h | 0.09246 | −0.065% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0018% | 8h | 0.09250 | −0.022% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09251 | −0.016% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09256 | +0.043% | $510K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09252 | −0.004% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09260 | +0.086% | $222K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0082% | 8h | 0.09245 | −0.076% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0083% | 8h | 0.09255 | +0.037% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09245 | −0.076% | $567K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09262 | +0.106% | $8.8M | $2.8M | 5x | 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
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09252 | −0.001% | $211K | $429K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09247 | −0.054% | $34.7M | $109.9M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09243 | −0.097% | $32.9M | $36.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09245 | −0.076% | $6.8M | $25.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09244 | −0.086% | $25.9M | $22.4M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09249 | −0.032% | $17.1M | $15.0M | 75x | as long as short |
| BingX HBAR-USDTshort | +0.0100% | 8h | 0.09248 | −0.043% | — | $6.0M | — | |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09252 | long leg | $34K | $102K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09257 | +0.054% | $377K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09259 | +0.076% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09250 | −0.022% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09272 | +0.216% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09254 | +0.022% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09250 | −0.019% | $51K | $218K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09259 | +0.076% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | +0.162% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0414% | 1h | 0.09258 | +0.060% | $1.4M | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0447% / S −0.0478% | 1h | 0.09251 | −0.009% | $104K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]