Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Backpack against Bitget+0.054%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as 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: Backpack is 0.030% dearer against Bitget than usual: you sell high and buy low, +$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 | Bitget HBARUSDT | 0.09236 | 0.0100 | pay 0.0100% / 8h | 6h 11m | $17.0M | $14.9M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09241 | 0.0100 | get 0.0013% / 1h | 11m 28s | $32K | $120K | 15x |
Bitget HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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 Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$35.66
- Costs to cover
- 0.387%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Backpack: live order book, 57 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 Bitget live order book, 2 min ago | 0.54 bp | 11.5 bp −$12 | 23.1 bp −$231 | 51.2 bp −$5,115 | doesn't fit |
| Sell Backpack live order book, 57 min ago | 1.07 bp | 9.1 bp −$9 | 639.3 bp −$6,393 | doesn't fit | 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 | −0.054% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09235 | −0.007% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09236 | −0.004% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.498% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0055% | 8h | 0.09232 | −0.043% | $2.4M | $3.0M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09234 | −0.022% | $219K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0064% | 8h | 0.09220 | −0.175% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09245 | +0.095% | $1.4M | $2.5M | 50x | as long as short |
| ApeX Omni HBARUSDT | +0.0075% | 1h | 0.09229 | −0.076% | $147K | $713K | 50x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09231 | −0.054% | $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 | 0.09235 | −0.011% | $2K | $17K | 10x | as long as short |
| Binance HBARUSDT | +0.0079% | 8h | 0.09233 | −0.032% | $34.3M | $104.6M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09231 | −0.057% | $47K | $278K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09232 | −0.043% | $561K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09244 | +0.088% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09232 | −0.047% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09237 | +0.011% | $32.8M | $34.4M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09240 | +0.043% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDTlong | +0.0100% | 8h | 0.09236 | long leg | $17.0M | $14.9M | 75x | |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09232 | −0.043% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09241 | +0.054% | $32K | $120K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09226 | −0.104% | $377K | $2.3M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09239 | +0.032% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09258 | +0.238% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09238 | +0.022% | $2.1M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0291% | 1h | 0.09248 | +0.130% | $509K | $151K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09237 | +0.006% | $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-USDC
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]