Funding you earn now, next payment 02:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.017%
Price spread now: Backpack against GRVT−0.145%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.145%, 7d avg +0.078%
=Together, before fees−0.093%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.223% cheaper against GRVT than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of +0.078%). If the spread goes back, that is −$22 on $10k: about 19 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.223%, 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 | GRVT HBAR_USDT_Perp | 0.09216 | 0.0061 | pay 0.0061% / 8h | 6h 55m | $379K | $2.2M | 10x |
| Short | Backpack HBAR_USDC_PERP | 0.09203 | 0.0100 | get 0.0013% / 1h | 55m 38s | $34K | $115K | 15x |
GRVT HBAR_USDT_Perp
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GRVT. 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
- $8.19
- Price spread: −0.145% → +0.078%
- −$22.34
- Slippage, 4 orders
- −$27.05
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$60.2
- Costs to cover
- 0.461%
- Break-even
- 58.5 days
Slippage from GRVT: live order book, 3 min ago; Backpack: live order book, 12 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 GRVT live order book, 3 min ago | 1.63 bp | 16.8 bp −$17 | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 12 min ago | 1.07 bp | 9.1 bp −$9 | 639.3 bp −$6,393 | 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 | −0.1501% | 1h | 0.09224 | +0.082% | $147K | $724K | 50x | as long as short |
| KuCoin HBARUSDTM | −0.0074% | 8h | 0.09200 | −0.178% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09202 | −0.154% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09204 | −0.138% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | +0.549% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0043% | 8h | 0.09202 | −0.156% | $2.4M | $3.0M | 75x | as long as short |
| GRVT HBAR_USDT_Perplong | +0.0061% | 8h | 0.09216 | long leg | $379K | $2.2M | 10x | |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09211 | −0.059% | $225K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0069% | 8h | 0.09196 | −0.221% | $1.0M | $186K | — | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09208 | −0.091% | $1.4M | $2.3M | 50x | as long as short |
ApeX Omni HBARUSDT
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_HBARUSDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0072% | 1h | 0.09201 | −0.170% | $48K | $279K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0072% | 8h | 0.09201 | −0.167% | $26.4M | $21.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0072% | 8h | 0.09199 | −0.193% | $34.3M | $104.6M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0075% | 8h | 0.09200 | −0.178% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09196 | −0.221% | $560K | $579K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09206 | −0.115% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09203 | −0.142% | $210K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09199 | −0.189% | $32.6M | $35.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09201 | −0.167% | $6.8M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09199 | −0.189% | $17.0M | $14.7M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09201 | −0.167% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09203 | −0.145% | $34K | $115K | 15x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09204 | −0.135% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09208 | −0.091% | $73K | $61K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09204 | −0.135% | $2.1M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0193% | 8h | 0.09219 | +0.028% | $1.5M | $5.4M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0293% | 1h | 0.09208 | −0.091% | $507K | $167K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0493% / S −0.0562% | 1h | 0.09203 | −0.146% | $116K | — | 100x | as long as short |
Extended HBAR-USD
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-USDC
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]