Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%
Price spread now: Backpack against MEXC+0.021%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.021%, 7d avg +0.024%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HBAR_USDT | 0.09359 | 0.0100 | pay 0.0100% / 8h | 3h 12m | $25.8M | $19.8M | 200x |
| Short | Backpack HBAR_USDC_PERP | 0.09361 | 0.0100 | get 0.0013% / 1h | 12m 43s | $38K | $199K | 15x |
MEXC HBAR_USDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $0
- Price spread: +0.021% → +0.024%
- −$0.29
- Slippage, 4 orders
- −$11.95
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$22.23
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Backpack: live order book, 40 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 MEXC live order book, 1 min ago | 0.53 bp | 4.6 bp −$5 | 10.8 bp −$108 | 35.2 bp −$3,521 | 109.6 bp −$54.8K |
| Sell Backpack live order book, 40 min ago | 1.06 bp | 8.3 bp −$8 | 599.0 bp −$5,990 | 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 | 0.09360 | +0.011% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09361 | +0.021% | $516K | $190K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09360 | +0.016% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.823% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09359 | 0.000% | $239K | $2.3M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09355 | −0.043% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09356 | −0.032% | $564K | $619K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09360 | +0.013% | $201K | $336K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09354 | −0.051% | $34.6M | $110.4M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09359 | 0.000% | $32.9M | $35.3M | 75x | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09361 | +0.021% | $6.6M | $25.7M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09361 | +0.021% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDTlong | +0.0100% | 8h | 0.09359 | long leg | $25.8M | $19.8M | 200x | |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09362 | +0.032% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09361 | +0.021% | $17.0M | $15.6M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09359 | 0.000% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09361 | +0.021% | $38K | $199K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09356 | −0.034% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09346 | −0.135% | $383K | $2.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09367 | +0.085% | $151K | $714K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09357 | −0.021% | $434 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09361 | +0.021% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09360 | +0.011% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09362 | +0.037% | $48K | $267K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09361 | +0.021% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0359% | 1h | 0.09363 | +0.040% | $1.3M | $3.0M | 50x | as long as short |
| Hyperliquid HBAR | +0.0603% | 1h | 0.09377 | +0.193% | $9.4M | $3.3M | 5x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0622% / S −0.0663% | 1h | 0.09359 | −0.005% | $159K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
Hyperliquid HBAR
GMX HBAR/USD [WBTC.b-USDC]