Funding you earn now, next payment 22:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h −0.580%
Price spread now: Injective against Backpack−0.087%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.644%−$64 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.087% cheaper against Backpack than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.644%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09242 | 0.0089 | pay 0.0011% / 1h | 14m 46s | $31K | $103K | 15x |
| Short | Injective HBAR/USDC PERP | 0.09234 | 0.0311 | get 0.0039% / 1h | 14m 46s | $2K | $112K | 12x |
Backpack HBAR_USDC_PERP
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $46.55
- Price spread: −0.087% → 0.000%
- −$8.66
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $27.87
- Costs to cover
- 0.100%
- Break-even
- 2.8 days
Slippage unknown: Backpack: live order book, 8 min ago; Injective: live order book, 4 min ago. Net counts fees only.
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, 8 min ago | 0.54 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 4 min ago | 20.50 bp | doesn't fit | doesn't fit | 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 | −0.0023% | 8h | 0.09238 | −0.043% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0022% | 8h | 0.09240 | −0.022% | $2.4M | $3.6M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09243 | +0.011% | $509K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09240 | −0.023% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0050% | 8h | 0.09223 | −0.205% | $1.0M | $197K | — | as long as short |
| Extended HBAR-USD | +0.0064% | 1h | 0.09238 | −0.047% | $51K | $214K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0066% | 8h | 0.09238 | −0.043% | $24.3M | $22.8M | 200x | as long as short |
| Binance HBARUSDT | +0.0067% | 8h | 0.09240 | −0.025% | $34.8M | $110.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09242 | 0.000% | $232K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09235 | −0.076% | $2K | $18K | 10x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERPlong | +0.0089% | 1h | 0.09242 | long leg | $31K | $103K | 15x | |
| Lighter HBAR | +0.0096% | 1h | 0.09239 | −0.032% | $567K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09253 | +0.120% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09235 | −0.074% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09237 | −0.054% | $33.0M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09237 | −0.054% | $6.9M | $24.8M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09241 | −0.011% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09238 | −0.043% | — | $5.9M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09239 | −0.032% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09245 | +0.032% | $148K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09235 | −0.076% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09247 | +0.054% | $73K | $52K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09238 | −0.043% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0186% | 8h | 0.09235 | −0.076% | $1.4M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0311% | 1h | 0.09234 | −0.087% | $2K | $112K | 12x | |
| Kraken Futures PF_HBARUSD | +0.0382% | 1h | 0.09244 | +0.016% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0446% / S −0.0478% | 1h | 0.09240 | −0.022% | $104K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3643% | 1h | 0.09239 | −0.029% | $30K | $4K | 5x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD