Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.026%
Price spread now: Backpack against Extended+0.094%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.094%, 7d avg +0.061%
=Together, before fees−0.285%+ Points / potential airdropExtended: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.033% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.212%, 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 | Extended HBAR-USD | 0.09280 | 0.0072 | pay 0.0009% / 1h | 42m 56s | $51K | $270K | 10x |
| Short | Backpack HBAR_USDC_PERP | 0.09289 | 0.0100 | get 0.0013% / 1h | 42m 56s | $36K | $103K | 15x |
Extended HBAR-USD
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $5.88
- Price spread: +0.094% → +0.061%
- $3.27
- Slippage, 4 orders
- −$19.3
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$25.15
- Costs to cover
- 0.343%
- Break-even
- 36.9 days
Slippage from Extended: live order book, 29 min ago; Backpack: live order book, 30 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 Extended live order book, 29 min ago | 1.67 bp | 9.1 bp −$9 | 63.0 bp −$630 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 30 min ago | 0.54 bp | 8.3 bp −$8 | 558.9 bp −$5,589 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0177% | 1h | 0.09275 | −0.057% | $148K | $718K | 50x | as long as short |
| GRVT HBAR_USDT_Perp | −0.0130% | 8h | 0.09270 | −0.113% | $374K | $2.2M | 10x | as long as short |
| KuCoin HBARUSDTM | −0.0085% | 8h | 0.09288 | +0.083% | $7.3M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0019% | 8h | 0.09289 | +0.094% | $2.4M | $3.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09288 | +0.086% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09295 | +0.161% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.143% | $1K | $106K | 12x | as long as short |
| Phemex HBARUSDT | +0.0040% | 8h | 0.09291 | +0.116% | $2.2M | $2.1M | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09291 | +0.116% | $229K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09294 | +0.143% | $1.4M | $2.3M | 50x | as long as short |
ApeX Omni HBARUSDT
GRVT HBAR_USDT_Perp
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Phemex HBARUSDT
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-USDlong | +0.0072% | 1h | 0.09280 | long leg | $51K | $270K | 10x | |
| Variational Omni HBAR | +0.0072% | 8h | 0.09262 | −0.196% | $1.0M | $202K | — | as long as short |
| MEXC HBAR_USDT | +0.0073% | 8h | 0.09284 | +0.040% | $26.2M | $22.3M | 200x | as long as short |
| Binance HBARUSDT | +0.0073% | 8h | 0.09282 | +0.019% | $34.7M | $109.7M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09288 | +0.083% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09288 | +0.083% | $568K | $552K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09299 | +0.204% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09290 | +0.100% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09283 | +0.029% | $32.9M | $36.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09285 | +0.051% | $6.8M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09285 | +0.051% | $17.3M | $15.0M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09284 | +0.040% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09289 | +0.094% | $36K | $103K | 15x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09289 | +0.094% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09308 | +0.299% | $73K | $60K | 20x | as long as short |
| BloFin HBAR-USDT | +0.0193% | 8h | 0.09285 | +0.051% | $1.5M | $5.8M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0395% | 1h | 0.09303 | +0.245% | $512K | $166K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0489% / S −0.0522% | 1h | 0.09295 | +0.160% | $118K | — | 100x | as long as short |
Variational Omni HBAR
MEXC HBAR_USDT
Binance HBARUSDT
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
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]