Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Backpack against ApeX Omni−0.360%84s7-day average −0.011% · 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—prices read too far apart to compare
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.360%, 7d avg −0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.349% cheaper against ApeX Omni than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni HBARUSDT | 0.09721 | 0.0100 | pay 0.0013% / 1h | 55m 58s | $157K | $698K | 50x |
| Short | Backpack HBAR_USDC_PERP | 0.09686 | 0.0100 | get 0.0013% / 1h | 55m 58s | $38K | $199K | 15x |
ApeX Omni HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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: −0.360% → −0.011%
- −$34.86
- Slippage, 4 orders
- −$28.23
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$83.09
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 38 min ago; Backpack: live order book, 37 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 ApeX Omni live order book, 38 min ago | 6.79 bp | 15.0 bp −$15 | 108.3 bp −$1,083 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 37 min ago | 2.61 bp | 8.9 bp −$9 | 606.6 bp −$6,066 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09730 | +0.095% | $11K | — | 150x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0089% | 8h | 0.09688 | −0.339% | $1K | $11K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09690 | −0.319% | $584K | $586K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09690 | −0.323% | $232K | $351K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09676 | −0.463% | $37.3M | $114.8M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09671 | −0.514% | $34.2M | $37.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09669 | −0.535% | $6.9M | $27.7M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09682 | −0.401% | $2.5M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09681 | −0.411% | $27.5M | $20.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09687 | −0.350% | $7.5M | $7.4M | 75x | as long as short |
gTrade (Gains Network) HBAR/USD
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HBARUSDT | +0.0100% | 8h | 0.09691 | −0.309% | $18.1M | $18.1M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09678 | −0.442% | — | $7.6M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09686 | −0.360% | $38K | $199K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09683 | −0.395% | $1.1M | $171K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09713 | −0.087% | $390K | $3.5M | 10x | as long as short |
| ApeX Omni HBARUSDTlong | +0.0100% | 1h | 0.09721 | long leg | $157K | $698K | 50x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09685 | −0.370% | $450 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09701 | −0.206% | $74K | $75K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09690 | −0.319% | $2.6M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09684 | −0.379% | $53K | $303K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0144% | 1h | 0.09692 | −0.298% | $223K | $3.0M | 50x | as long as short |
| Hyperliquid HBAR | +0.0163% | 1h | 0.09700 | −0.212% | $9.1M | $4.0M | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0163% | 1h | 0.09692 | −0.298% | $534K | $176K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09739 | +0.185% | $1.6M | $6.0M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0374% / S −0.0376% | 1h | 0.09688 | −0.339% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0882% | 1h | 0.09696 | −0.260% | $1.4M | $3.5M | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.1373% | 1h | 0.09716 | −0.051% | $1K | $98K | 12x | as long as short |
| dYdX HBAR-USD | +0.1712% | 1h | 0.09693 | −0.287% | $38K | $18K | 5x | as long as short |
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
Hyperliquid HBAR
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Injective HBAR/USDC PERP
dYdX HBAR-USD