HBAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h +0.103%

Price spread now: GMX against Backpack−0.023%135s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.023% cheaper against Backpack than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day). The two prices were read 135 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	0.09720	0.0100	pay 0.0013% / 1h	59m 14s	$38K	$199K	15x
Short	GMX HBAR/USD [WBTC.b-USDC]	0.09718	L +0.0375% / S −0.0376%	get 0.0047% / 1h	59m 14s	$80K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee GMXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $57.92
Price spread: −0.023% → 0.000%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $33.66
Costs to cover: 0.220%
Break-even: 2.9 days

Slippage unknown: Backpack: live order book, 34 min ago; GMX: no order-book sample. Net counts fees only.

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, 34 min ago	2.61 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.106%	$11K	—	150x	as long as short
Orderly PERP_HBAR_USDC	+0.0089%	8h	0.09707	−0.134%	$1K	$11K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09713	−0.072%	$586K	$585K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09731	+0.115%	$9.2M	$4.0M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09712	−0.080%	$232K	$350K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09709	−0.117%	$37.4M	$115.0M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09714	−0.062%	$34.4M	$37.9M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09720	0.000%	$6.9M	$27.7M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09714	−0.062%	$2.5M	$2.8M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09717	−0.031%	$27.7M	$20.0M	200x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HBARUSDTM	+0.0100%	8h	0.09703	−0.175%	$7.5M	$7.4M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09721	+0.010%	$18.5M	$18.0M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09717	−0.031%	—	$6.8M	—	as long as short
Backpack HBAR_USDC_PERPlong	+0.0100%	1h	0.09720	long leg	$38K	$199K	15x
Variational Omni HBAR	+0.0100%	8h	0.09695	−0.260%	$1.1M	$171K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09713	−0.076%	$390K	$3.5M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09721	+0.010%	$157K	$698K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09702	−0.185%	$450	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09727	+0.072%	$75K	$75K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09713	−0.072%	$2.6M	$3.3M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09701	−0.196%	$53K	$303K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0144%	1h	0.09705	−0.154%	$240K	$2.9M	50x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0162%	1h	0.09715	−0.051%	$535K	$191K	50x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09704	−0.165%	$1.6M	$6.0M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]short	L +0.0375% / S −0.0376%	1h	0.09718	−0.023%	$80K	—	100x
Kraken Futures PF_HBARUSD	+0.0881%	1h	0.09710	−0.102%	$1.4M	$3.4M	50x	as long as short
Injective HBAR/USDC PERP	+0.1373%	1h	0.09716	−0.041%	$1K	$98K	12x	as long as short
dYdX HBAR-USD	+0.1731%	1h	0.09718	−0.019%	$38K	$18K	5x	as long as short