Funding you earn now, next payment 23:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.007%
Price spread now: Backpack against KuCoin−0.011%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.011%, 7d avg +0.016%
=Funding pays, the price is against you. Backpack is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.016%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.238%, 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 | KuCoin HBARUSDTM | 0.09305 | −0.0013 | get 0.0013% / 8h | 1h 38m | $7.4M | $7.8M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09304 | 0.0100 | get 0.0013% / 1h | 38m 04s | $34K | $104K | 15x |
KuCoin HBARUSDTM
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $23.73
- Price spread: −0.011% → +0.016%
- −$2.72
- Slippage, 4 orders
- −$28.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$29.35
- Costs to cover
- 0.504%
- Break-even
- 15.7 days
Slippage from KuCoin: live order book, 5 min ago; Backpack: live order book, 45 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 KuCoin live order book, 5 min ago | 1.61 bp | 18.5 bp −$19 | 50.0 bp −$500 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 45 min ago | 0.54 bp | 7.8 bp −$8 | 508.5 bp −$5,085 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | −0.408% | $1K | $112K | 12x | as long as short |
| Gate HBAR_USDT | −0.0025% | 8h | 0.09300 | −0.054% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTMlong | −0.0013% | 8h | 0.09305 | long leg | $7.4M | $7.8M | 75x | |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09308 | +0.032% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09318 | +0.140% | $513K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09315 | +0.111% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0063% | 8h | 0.09319 | +0.155% | $1.0M | $197K | — | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09311 | +0.064% | $223K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09309 | +0.043% | $2K | $16K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0087% | 8h | 0.09303 | −0.021% | $26.2M | $22.6M | 200x | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0088% | 1h | 0.09309 | +0.046% | $51K | $218K | 10x | as long as short |
| Binance HBARUSDT | +0.0090% | 8h | 0.09296 | −0.097% | $34.9M | $110.5M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09303 | −0.021% | $571K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09309 | +0.040% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09302 | −0.028% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09295 | −0.107% | $33.1M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09293 | −0.129% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09301 | −0.043% | $17.2M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09300 | −0.054% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09304 | −0.011% | $34K | $104K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09317 | +0.124% | $379K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09316 | +0.118% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09306 | +0.011% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09339 | +0.365% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09299 | −0.064% | $2.2M | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09312 | +0.076% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0208% | 8h | 0.09307 | +0.021% | $1.4M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09317 | +0.129% | $104K | — | 100x | as long as short |
Extended HBAR-USD
Binance HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]