Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.012%
Price spread now: Backpack against Gate−0.065%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.065%, 7d avg +0.016%
=Funding pays, the price is against you. Backpack is 0.081% cheaper against Gate than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.016%). If the spread goes back, that is −$8 on $10k: about 6.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.217%, 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 | Gate HBAR_USDT | 0.09260 | 0.0053 | pay 0.0053% / 8h | 4h 31m | $2.4M | $2.8M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09254 | 0.0095 | get 0.0012% / 1h | 31m 39s | $38K | $201K | 15x |
Gate HBAR_USDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $8.82
- Price spread: −0.065% → +0.016%
- −$8.11
- Slippage, 4 orders
- −$25.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$49.93
- Costs to cover
- 0.506%
- Break-even
- 46.6 days
Slippage from Gate: live order book, 1 min ago; Backpack: live order book, 26 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 Gate live order book, 1 min ago | 2.16 bp | 18.8 bp −$19 | 82.3 bp −$823 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 26 min ago | 0.54 bp | 10.0 bp −$10 | 784.9 bp −$7,849 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09257 | −0.030% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09255 | −0.057% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0012% | 8h | 0.09261 | +0.011% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.238% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDTlong | +0.0053% | 8h | 0.09260 | long leg | $2.4M | $2.8M | 75x | |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09246 | −0.151% | $222K | $2.1M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09252 | −0.086% | $2K | $14K | 10x | as long as short |
| Variational Omni HBAR | +0.0090% | 8h | 0.09155 | −1.135% | $1.0M | $187K | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0095% | 1h | 0.09254 | −0.065% | $38K | $201K | 15x | |
| Lighter HBAR | +0.0096% | 1h | 0.09260 | 0.000% | $562K | $597K | 5x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09266 | +0.059% | $8.7M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09262 | +0.018% | $212K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09259 | −0.015% | $34.0M | $105.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09257 | −0.032% | $32.7M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09252 | −0.086% | $6.6M | $24.6M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09263 | +0.032% | $25.8M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09257 | −0.032% | $17.0M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09261 | +0.011% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09167 | −1.009% | $370K | $2.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09220 | −0.432% | $147K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09254 | −0.065% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09251 | −0.097% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09250 | −0.108% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09258 | −0.017% | $52K | $278K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0182% | 1h | 0.09259 | −0.011% | $510K | $175K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09223 | −0.400% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09254 | −0.066% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0392% | 1h | 0.09259 | −0.016% | $1.4M | $2.6M | 50x | as long as short |
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD