Funding you earn now, next payment 01:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h −0.024%
Price spread now: KuCoin against Backpack−0.183%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$540.539% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.183%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.168% cheaper against Backpack than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.194%, 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 | 0.09291 | 0.0100 | pay 0.0013% / 1h | 39m 27s | $36K | $103K | 15x |
| Short | KuCoin HBARUSDTM | 0.09274 | −0.0083 | pay 0.0083% / 8h | 7h 39m | $7.3M | $7.8M | 75x |
Backpack HBAR_USDC_PERP
KuCoin HBARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$38.43
- Price spread: −0.183% → −0.015%
- −$16.76
- Slippage, 4 orders
- −$31.85
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$109.04
- Costs to cover
- 0.539%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 34 min ago; KuCoin: 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, 34 min ago | 0.54 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 1.08 bp | 21.3 bp −$21 | 46.8 bp −$468 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT HBAR_USDT_Perp | −0.0097% | 8h | 0.09291 | −0.005% | $375K | $2.2M | 10x | as long as short |
| KuCoin HBARUSDTMshort | −0.0083% | 8h | 0.09274 | −0.183% | $7.3M | $7.8M | 75x | |
| ApeX Omni HBARUSDT | −0.0082% | 1h | 0.09287 | −0.043% | $149K | $718K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09285 | −0.067% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09276 | −0.159% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.258% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09291 | 0.000% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09291 | +0.003% | $1.4M | $2.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0071% | 8h | 0.09268 | −0.248% | $26.2M | $22.3M | 200x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09283 | −0.085% | $1.0M | $202K | — | as long as short |
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
MEXC HBAR_USDT
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0071% | 8h | 0.09267 | −0.253% | $34.6M | $109.7M | 75x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09277 | −0.151% | $51K | $292K | 10x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09282 | −0.097% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09280 | −0.118% | $569K | $552K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09286 | −0.056% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09284 | −0.077% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09267 | −0.258% | $32.9M | $36.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09267 | −0.258% | $6.8M | $25.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09288 | −0.032% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09270 | −0.226% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09280 | −0.118% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09291 | long leg | $36K | $103K | 15x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09283 | −0.086% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09318 | +0.291% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09288 | −0.032% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09282 | −0.097% | $1.5M | $5.7M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0288% | 1h | 0.09296 | +0.054% | $512K | $166K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0493% / S −0.0529% | 1h | 0.09273 | −0.196% | $119K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]