Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Bybit against Backpack+0.032%7-day average −0.042% · 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−$27as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.032%, 7d avg −0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.075% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09353 | 0.0100 | pay 0.0013% / 1h | 9m 47s | $35K | $108K | 15x |
| Short | Bybit HBARUSDT | 0.09356 | 0.0100 | get 0.0100% / 8h | 7h 09m | $33.4M | $35.6M | 75x |
Backpack HBAR_USDC_PERP
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.032% → −0.042%
- $7.45
- Slippage, 4 orders
- −$13.69
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.24
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 63 min ago; Bybit: live order book, 4 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, 63 min ago | 0.54 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.53 bp | 10.2 bp −$10 | 20.6 bp −$206 | 113.7 bp −$11.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0078% | 8h | 0.09357 | +0.043% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09358 | +0.051% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09357 | +0.043% | $515K | $168K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09364 | +0.117% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.919% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09349 | −0.043% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09351 | −0.019% | $1.4M | $2.4M | 50x | as long as short |
| Variational Omni HBAR | +0.0068% | 8h | 0.09340 | −0.139% | $1.0M | $191K | — | as long as short |
| ApeX Omni HBARUSDT | +0.0074% | 1h | 0.09344 | −0.096% | $149K | $727K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09351 | −0.021% | $2K | $17K | 10x | as long as short |
KuCoin HBARUSDTM
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
Variational Omni HBAR
ApeX Omni HBARUSDT
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09356 | +0.032% | $27.3M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0077% | 8h | 0.09356 | +0.035% | $35.2M | $106.1M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09357 | +0.045% | $53K | $277K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09353 | 0.000% | $572K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09366 | +0.142% | $9.0M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09363 | +0.103% | $214K | $358K | 50x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09356 | +0.032% | $33.4M | $35.6M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09355 | +0.021% | $6.9M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09351 | −0.021% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09359 | +0.064% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09357 | +0.043% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09353 | long leg | $35K | $108K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09370 | +0.187% | $376K | $2.2M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09344 | −0.096% | $434 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09375 | +0.235% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09346 | −0.075% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0197% | 8h | 0.09340 | −0.139% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0496% / S −0.0562% | 1h | 0.09362 | +0.102% | $118K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]