Funding you earn now, next payment 22:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.025%
Price spread now: MEXC against Backpack−0.044%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.044%, 7d avg −0.024%
=The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09179 | 0.0035 | pay 0.0004% / 1h | 37m 08s | $31K | $101K | 15x |
| Short | MEXC HBAR_USDT | 0.09175 | 0.0052 | get 0.0052% / 8h | 2h 37m | $24.0M | $22.7M | 200x |
Backpack HBAR_USDC_PERP
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $3.58
- Price spread: −0.044% → −0.024%
- −$1.93
- Slippage, 4 orders
- −$12.51
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$20.86
- Costs to cover
- 0.225%
- Break-even
- 47.8 days
Slippage from Backpack: live order book, 51 min ago; MEXC: 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, 51 min ago | 1.63 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.55 bp | 1.8 bp −$2 | 11.2 bp −$112 | 43.6 bp −$4,356 | 145.2 bp −$72.6K |
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 | −0.0040% | 8h | 0.09176 | −0.033% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0037% | 8h | 0.09174 | −0.054% | $2.4M | $3.5M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09180 | +0.012% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0035% | 1h | 0.09179 | long leg | $31K | $101K | 15x | |
| Variational Omni HBAR | +0.0046% | 8h | 0.09187 | +0.082% | $1.0M | $198K | — | as long as short |
| MEXC HBAR_USDTshort | +0.0052% | 8h | 0.09175 | −0.044% | $24.0M | $22.7M | 200x | |
| Binance HBARUSDT | +0.0052% | 8h | 0.09174 | −0.056% | $34.5M | $110.5M | 75x | as long as short |
| Extended HBAR-USD | +0.0056% | 1h | 0.09175 | −0.045% | $51K | $210K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09169 | −0.109% | $220K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09176 | −0.033% | $2K | $18K | 10x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Binance HBARUSDT
Extended HBAR-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09174 | −0.054% | $563K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09188 | +0.098% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09181 | +0.022% | $215K | $428K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09173 | −0.065% | $32.8M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09173 | −0.065% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09181 | +0.022% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09174 | −0.054% | — | $5.9M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09194 | +0.168% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09195 | +0.174% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09174 | −0.054% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09192 | +0.142% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09176 | −0.033% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0172% | 8h | 0.09173 | −0.065% | $1.5M | $5.6M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0186% | 1h | 0.09188 | +0.098% | $506K | $150K | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.349% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09184 | +0.052% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0366% | 1h | 0.09181 | +0.017% | $112K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3269% | 1h | 0.09172 | −0.079% | $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
Deribit HBAR_USDC-PERPETUAL
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD