Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Backpack against OKX+0.075%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.075%, 7d avg +0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.021% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HBAR-USDT-SWAP | 0.09285 | 0.0100 | pay 0.0100% / 8h | 7h 41m | $6.8M | $25.2M | 50x |
| Short | Backpack HBAR_USDC_PERP | 0.09292 | 0.0100 | get 0.0013% / 1h | 41m 30s | $36K | $103K | 15x |
OKX HBAR-USDT-SWAP
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. 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: +0.075% → +0.054%
- $2.1
- Slippage, 4 orders
- −$17.79
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$35.69
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Backpack: live order book, 31 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 OKX live order book, 2 min ago | 0.54 bp | 11.3 bp −$11 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 31 min ago | 0.54 bp | 8.3 bp −$8 | 558.9 bp −$5,589 | 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 | −0.0177% | 1h | 0.09275 | −0.108% | $148K | $718K | 50x | as long as short |
| GRVT HBAR_USDT_Perp | −0.0097% | 8h | 0.09291 | +0.059% | $375K | $2.2M | 10x | as long as short |
| KuCoin HBARUSDTM | −0.0084% | 8h | 0.09276 | −0.097% | $7.3M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09289 | +0.038% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09288 | +0.036% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.194% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0056% | 8h | 0.09283 | −0.022% | $2.4M | $3.4M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09290 | +0.054% | $229K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09293 | +0.090% | $1.4M | $2.3M | 50x | as long as short |
| Binance HBARUSDT | +0.0071% | 8h | 0.09277 | −0.086% | $34.7M | $109.7M | 75x | as long as short |
ApeX Omni HBARUSDT
GRVT HBAR_USDT_Perp
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0072% | 1h | 0.09273 | −0.131% | $53K | $280K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0072% | 8h | 0.09282 | −0.032% | $26.1M | $22.3M | 200x | as long as short |
| Variational Omni HBAR | +0.0072% | 8h | 0.09262 | −0.247% | $1.0M | $202K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09282 | −0.032% | $2K | $17K | 10x | as long as short |
| Phemex HBARUSDT | +0.0091% | 8h | 0.09287 | +0.022% | $2.2M | $2.1M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09281 | −0.043% | $569K | $552K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09302 | +0.179% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09287 | +0.021% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09280 | −0.054% | $32.9M | $36.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAPlong | +0.0100% | 8h | 0.09285 | long leg | $6.8M | $25.2M | 50x | |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09277 | −0.086% | $17.3M | $15.0M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09279 | −0.065% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09292 | +0.075% | $36K | $103K | 15x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09285 | 0.000% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09300 | +0.162% | $74K | $60K | 20x | as long as short |
| BloFin HBAR-USDT | +0.0193% | 8h | 0.09285 | 0.000% | $1.5M | $5.8M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0288% | 1h | 0.09294 | +0.097% | $512K | $166K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0489% / S −0.0522% | 1h | 0.09288 | +0.032% | $118K | — | 100x | as long as short |
Extended HBAR-USD
MEXC HBAR_USDT
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Phemex HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
Bitget HBARUSDT
BingX HBAR-USDC
SoDEX HBAR-USD
HTX HBAR-USDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]