Funding you earn now, next payment 09:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.002%
Price spread now: Coinbase International against Backpack+0.147%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$430.435% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.147%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.154% dearer against Backpack than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09502 | 0.0100 | pay 0.0013% / 1h | 19m 27s | $36K | $201K | 15x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09516 | 0.0144 | get 0.0018% / 1h | 19m 27s | $221K | $2.9M | 50x |
Backpack HBAR_USDC_PERP
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $9.24
- Price spread: +0.147% → −0.007%
- $15.41
- Slippage, 4 orders
- −$23.47
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.82
- Costs to cover
- 0.435%
- Break-even
- 21.3 days
Slippage from Backpack: live order book, 31 min ago; Coinbase International: live order book, 2 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, 31 min ago | 1.55 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 5.25 bp | 13.2 bp −$13 | 17.6 bp −$176 | doesn't fit | doesn't fit |
HBAR on 28 exchanges
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 | −0.0186% | 1h | 0.09513 | +0.116% | $154K | $699K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09512 | +0.108% | $11K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0066% | 1h | 0.09508 | +0.063% | $524K | $193K | 50x | as long as short |
| Gate HBAR_USDT | +0.0072% | 8h | 0.09493 | −0.095% | $2.5M | $2.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0093% | 8h | 0.09501 | −0.011% | $1K | $9K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09496 | −0.063% | $579K | $597K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09504 | +0.021% | $8.9M | $4.0M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09501 | −0.015% | $221K | $357K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09492 | −0.105% | $36.3M | $114.9M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09492 | −0.105% | $33.7M | $38.1M | 75x | as long as short |
ApeX Omni HBARUSDT
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09495 | −0.074% | $6.7M | $27.2M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09495 | −0.074% | $27.6M | $20.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09500 | −0.021% | $7.4M | $7.3M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09496 | −0.063% | $18.0M | $18.7M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09496 | −0.063% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09502 | long leg | $36K | $201K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09506 | +0.037% | $1.0M | $139K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09524 | +0.237% | $383K | $3.6M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09503 | +0.011% | $441 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09527 | +0.263% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09507 | +0.053% | $2.5M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09490 | −0.126% | $54K | $308K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0144% | 1h | 0.09516 | +0.147% | $221K | $2.9M | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09517 | +0.158% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0360% / S −0.0351% | 1h | 0.09506 | +0.037% | $75K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0899% | 1h | 0.09513 | +0.112% | $1.4M | $3.6M | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.1373% | 1h | 0.09663 | +1.694% | $5K | $101K | 12x | as long as short |
| dYdX HBAR-USD | +0.2387% | 1h | 0.09504 | +0.022% | $39K | $19K | 5x | as long as short |
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Injective HBAR/USDC PERP
dYdX HBAR-USD