Funding you earn now, next payment 02:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.011%
Price spread now: Gate against Backpack−0.022%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.022%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.253%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09210 | 0.0100 | pay 0.0013% / 1h | 56m 46s | $34K | $110K | 15x |
| Short | Gate HBAR_USDT | 0.09208 | 0.0071 | get 0.0071% / 8h | 6h 56m | $2.4M | $3.0M | 75x |
Backpack HBAR_USDC_PERP
Gate HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.09
- Price spread: −0.022% → −0.017%
- −$0.48
- Slippage, 4 orders
- −$24.77
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$56.34
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 11 min ago; Gate: live order book, 1 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, 11 min ago | 1.07 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.08 bp | 20.9 bp −$21 | 58.9 bp −$589 | 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 | −0.0074% | 8h | 0.09209 | −0.011% | $7.3M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09238 | +0.309% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09224 | +0.152% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | +0.619% | $1K | $106K | 12x | as long as short |
| ApeX Omni HBARUSDT | +0.0049% | 1h | 0.09243 | +0.358% | $147K | $724K | 50x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0058% | 8h | 0.09238 | +0.306% | $380K | $2.2M | 10x | as long as short |
| Variational Omni HBAR | +0.0061% | 8h | 0.09237 | +0.292% | $1.0M | $187K | — | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09233 | +0.250% | $226K | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09224 | +0.155% | $1.4M | $2.3M | 50x | as long as short |
| Gate HBAR_USDTshort | +0.0071% | 8h | 0.09208 | −0.022% | $2.4M | $3.0M | 75x |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
ApeX Omni HBARUSDT
GRVT HBAR_USDT_Perp
Variational Omni HBAR
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0072% | 1h | 0.09204 | −0.062% | $48K | $279K | 10x | as long as short |
| Binance HBARUSDT | +0.0073% | 8h | 0.09198 | −0.126% | $34.5M | $104.9M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0073% | 8h | 0.09202 | −0.087% | $26.6M | $21.6M | 200x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0075% | 1h | 0.09225 | +0.163% | $508K | $167K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09218 | +0.087% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09197 | −0.141% | $564K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09207 | −0.034% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09214 | +0.047% | $210K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09197 | −0.141% | $32.7M | $35.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09196 | −0.152% | $6.8M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09194 | −0.174% | $17.0M | $14.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09201 | −0.098% | — | $6.3M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09210 | long leg | $34K | $110K | 15x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09215 | +0.054% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09244 | +0.369% | $73K | $61K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09219 | +0.098% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0193% | 8h | 0.09219 | +0.098% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0494% / S −0.0562% | 1h | 0.09220 | +0.107% | $116K | — | 100x | as long as short |
Extended HBAR-USD
Binance HBARUSDT
MEXC HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]