Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Backpack against SoDEX+0.044%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.044% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX HBAR-USD | 0.09144 | 0.0100 | pay 0.0013% / 1h | 51m 06s | $424 | $5K | 5x |
| Short | Backpack HBAR_USDC_PERP | 0.09148 | 0.0099 | get 0.0012% / 1h | 51m 06s | $36K | $168K | 15x |
SoDEX HBAR-USD
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SoDEX. 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
- −$0.17
- Price spread: +0.044% → 0.000%
- $4.37
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$13.79
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 7 min ago. Net counts fees only.
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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 7 min ago | 0.54 bp | 10.0 bp −$10 | 784.9 bp −$7,849 | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.09161 | +0.184% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09149 | +0.055% | $504K | $168K | 50x | as long as short |
| KuCoin HBARUSDTM | +0.0002% | 8h | 0.09143 | −0.011% | $7.1M | $7.2M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09146 | +0.018% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.509% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0046% | 8h | 0.09143 | −0.011% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09154 | +0.109% | $215K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0079% | 8h | 0.09143 | −0.012% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09142 | −0.022% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09142 | −0.022% | $555K | $593K | 5x | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
KuCoin HBARUSDTM
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERPshort | +0.0099% | 1h | 0.09148 | +0.044% | $36K | $168K | 15x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09158 | +0.157% | $8.6M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09149 | +0.054% | $209K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09155 | +0.120% | $33.7M | $104.8M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09146 | +0.022% | $32.4M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09144 | 0.000% | $6.5M | $24.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09146 | +0.022% | $25.5M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09148 | +0.044% | $16.9M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09149 | +0.055% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09208 | +0.703% | $369K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09208 | +0.700% | $147K | $715K | 50x | as long as short |
| SoDEX HBAR-USDlong | +0.0100% | 1h | 0.09144 | long leg | $424 | $5K | 5x | |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09165 | +0.230% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09149 | +0.055% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09141 | −0.028% | $47K | $273K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09145 | +0.011% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0345% / S −0.0242% | 1h | 0.09146 | +0.023% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0396% | 1h | 0.09151 | +0.075% | $1.4M | $2.5M | 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
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD