Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.011%
Price spread now: Gate against Backpack−0.043%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.043%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.028% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.229%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09244 | 0.0100 | pay 0.0013% / 1h | 34m 42s | $67K | $143K | 15x |
| Short | Gate HBAR_USDT | 0.09240 | 0.0046 | get 0.0046% / 8h | 5h 34m | $2.4M | $2.8M | 75x |
Backpack HBAR_USDC_PERP
Gate HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$11.34
- Price spread: −0.043% → −0.015%
- −$2.83
- Slippage, 4 orders
- −$25.88
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$65.04
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 28 min ago; Gate: live order book, 3 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, 28 min ago | 0.54 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.72 bp | 16.5 bp −$16 | 63.2 bp −$632 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0035% | 8h | 0.09242 | −0.022% | $7.2M | $7.2M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09234 | −0.112% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09240 | −0.049% | $8K | — | 150x | as long as short |
| Gate HBAR_USDTshort | +0.0046% | 8h | 0.09240 | −0.043% | $2.4M | $2.8M | 75x | |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09198 | −0.498% | $231K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09229 | −0.166% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09236 | −0.087% | $2K | $17K | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.411% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09241 | −0.032% | $563K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09248 | +0.049% | $8.7M | $2.7M | 5x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Injective HBAR/USDC PERP
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09245 | +0.007% | $211K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09242 | −0.022% | $34.1M | $104.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09245 | +0.011% | $32.7M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09246 | +0.022% | $6.7M | $24.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09244 | 0.000% | $26.1M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09244 | 0.000% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09244 | 0.000% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09244 | long leg | $67K | $143K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09206 | −0.407% | $374K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09211 | −0.357% | $147K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09238 | −0.065% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09264 | +0.216% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09239 | −0.054% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09243 | −0.006% | $52K | $277K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0183% | 1h | 0.09244 | 0.000% | $509K | $152K | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0205% | 1h | 0.09247 | +0.027% | $1.4M | $2.5M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09239 | −0.054% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09239 | −0.058% | $80K | — | 100x | as long as short |
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
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]