Funding you earn now, next payment 02:00 UTC−0.0271%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Backpack+0.270%84s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as 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−$410.414% of the position
Funding, last 7 days+0.262%+$26 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.270%, 7d avg +0.011%
=The price spread pays, funding is against you. ApeX Omni is 0.259% dearer against Backpack than usual: you sell high and buy low (spread +0.270% now, against its 7-day average of +0.011%): +$26 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you. 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 | Backpack HBAR_USDC_PERP | 0.09251 | 0.0100 | pay 0.0013% / 1h | 45m 38s | $37K | $118K | 15x |
| Short | ApeX Omni HBARUSDT | 0.09276 | −0.0171 | pay 0.0021% / 1h | 45m 38s | $148K | $724K | 50x |
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. 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
- −$56.85
- Price spread: +0.270% → +0.011%
- $25.88
- Slippage, 4 orders
- −$21.36
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$72.33
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 22 min ago; ApeX Omni: live order book, 23 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 Backpack live order book, 22 min ago | 1.07 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 4.28 bp | 12.2 bp −$12 | 92.9 bp −$929 | 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 HBARUSDTshort | −0.0171% | 1h | 0.09276 | +0.270% | $148K | $724K | 50x | |
| KuCoin HBARUSDTM | −0.0076% | 8h | 0.09239 | −0.130% | $7.3M | $7.4M | 75x | as long as short |
| Lighter HBAR | −0.0016% | 1h | 0.09235 | −0.173% | $559K | $583K | 5x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09246 | −0.059% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09256 | +0.054% | $510K | $154K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09252 | +0.007% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.335% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09263 | +0.130% | $227K | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09256 | +0.050% | $1.4M | $2.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0071% | 8h | 0.09241 | −0.108% | $26.4M | $21.7M | 200x | as long as short |
KuCoin HBARUSDTM
Lighter HBAR
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0071% | 8h | 0.09241 | −0.108% | $34.5M | $104.3M | 75x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09241 | −0.107% | $47K | $278K | 10x | as long as short |
| Gate HBAR_USDT | +0.0072% | 8h | 0.09243 | −0.086% | $2.4M | $3.0M | 75x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0072% | 8h | 0.09270 | +0.201% | $377K | $2.2M | 10x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0074% | 8h | 0.09248 | −0.032% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0075% | 8h | 0.09246 | −0.053% | $1.0M | $186K | — | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09253 | +0.026% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09241 | −0.104% | $211K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09244 | −0.076% | $32.9M | $34.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09246 | −0.054% | $6.8M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09246 | −0.054% | $17.2M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09243 | −0.086% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09251 | long leg | $37K | $118K | 15x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09251 | 0.000% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09273 | +0.238% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09248 | −0.032% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09272 | +0.227% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09252 | +0.012% | $115K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Gate HBAR_USDT
GRVT HBAR_USDT_Perp
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]