Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Bitget against Backpack−0.054%7-day average −0.024% · 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−$42as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.054%, 7d avg −0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.030% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09241 | 0.0100 | pay 0.0013% / 1h | 11m 31s | $32K | $120K | 15x |
| Short | Bitget HBARUSDT | 0.09236 | 0.0100 | get 0.0100% / 8h | 6h 11m | $17.0M | $14.9M | 75x |
Backpack HBAR_USDC_PERP
Bitget HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.054% → −0.024%
- −$3.04
- Slippage, 4 orders
- −$16.7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$41.74
- Costs to cover
- 0.387%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 56 min ago; Bitget: live order book, 2 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, 56 min ago | 1.07 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.54 bp | 10.6 bp −$11 | 23.0 bp −$230 | 55.6 bp −$5,562 | doesn't fit |
HBAR on 27 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 | −0.0062% | 8h | 0.09231 | −0.108% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09235 | −0.061% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09245 | +0.041% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.444% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0055% | 8h | 0.09232 | −0.097% | $2.4M | $3.0M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09234 | −0.076% | $219K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0064% | 8h | 0.09220 | −0.229% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09245 | +0.041% | $1.4M | $2.5M | 50x | as long as short |
| ApeX Omni HBARUSDT | +0.0075% | 1h | 0.09229 | −0.130% | $147K | $713K | 50x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09237 | −0.043% | $26.1M | $22.0M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Kraken Futures PF_HBARUSD
ApeX Omni HBARUSDT
MEXC HBAR_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09240 | −0.011% | $2K | $17K | 10x | as long as short |
| Binance HBARUSDT | +0.0079% | 8h | 0.09231 | −0.108% | $34.3M | $104.6M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09231 | −0.112% | $47K | $278K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09232 | −0.097% | $561K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09246 | +0.058% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09235 | −0.069% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09232 | −0.097% | $32.8M | $34.4M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09233 | −0.087% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDTshort | +0.0100% | 8h | 0.09236 | −0.054% | $17.0M | $14.9M | 75x | |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09233 | −0.087% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09241 | long leg | $32K | $120K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09226 | −0.158% | $377K | $2.3M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09239 | −0.022% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09258 | +0.184% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09238 | −0.032% | $2.1M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0291% | 1h | 0.09248 | +0.076% | $509K | $151K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09242 | +0.016% | $114K | — | 100x | as long as short |
Orderly PERP_HBAR_USDC
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]