Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.017%

Price spread now: Orderly against gTrade (Gains Network)−0.082%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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. Orderly is 0.082% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HBAR/USD	0.09238	L +0.0007% / S −0.0011%	pay 0.0001% / 1h	54m 13s	$9K	—	150x
Short	Orderly PERP_HBAR_USDC	0.09230	0.0080	get 0.0080% / 8h	2h 54m	$2K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee OrderlybpOrdersPrice spread, now −0.082%Rate

Funding earned: $15.35
Price spread: −0.082% → 0.000%: −$8.22
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.86
Costs to cover: 0.160%
Break-even: 11.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX HBAR-USD	0.0000%	1h	0.09239	+0.016%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09238	+0.004%	$509K	$192K	50x	as long as short
gTrade (Gains Network) HBAR/USDlong	L +0.0007% / S −0.0011%	1h	0.09238	long leg	$9K	—	150x
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	+0.481%	$1K	$103K	12x	as long as short
Orderly PERP_HBAR_USDCshort	+0.0080%	8h	0.09230	−0.082%	$2K	$14K	10x
Coinbase International HBAR-PERP-INTX	+0.0088%	1h	0.09242	+0.048%	$217K	$2.4M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09234	−0.039%	$557K	$611K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09247	+0.106%	$8.6M	$3.6M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09239	+0.015%	$198K	$335K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09229	−0.092%	$34.0M	$111.3M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HBARUSDT	+0.0100%	8h	0.09229	−0.093%	$32.2M	$35.6M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09229	−0.093%	$6.5M	$25.6M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09239	+0.015%	$2.4M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09230	−0.082%	$25.4M	$19.3M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09233	−0.050%	$7.3M	$7.5M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09227	−0.115%	$17.0M	$15.9M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09227	−0.115%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09231	−0.071%	$33K	$202K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09250	+0.133%	$1.0M	$188K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09253	+0.167%	$373K	$2.8M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09256	+0.199%	$151K	$709K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09234	−0.039%	$429	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09254	+0.178%	$70K	$68K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09233	−0.050%	$2.1M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09229	−0.097%	$47K	$231K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09238	+0.004%	$1.5M	$5.6M	90x	as long as short
Kraken Futures PF_HBARUSD	+0.0246%	1h	0.09237	−0.008%	$1.3M	$3.0M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0617% / S −0.0663%	1h	0.09235	−0.028%	$157K	—	100x	as long as short