Funding you earn now, next payment 09:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h +0.003%
Price spread now: Orderly against Backpack−0.063%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.063% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | 0.09545 | 0.0100 | pay 0.0013% / 1h | 47m 18s | $37K | $201K | 15x |
| Short | Orderly PERP_HBAR_USDC | 0.09539 | 0.0085 | get 0.0085% / 8h | 7h 47m | $2K | $12K | 10x |
Backpack HBAR_USDC_PERP
Orderly PERP_HBAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$3.19
- Price spread: −0.063% → 0.000%
- −$6.29
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$25.47
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 51 min ago; Orderly: 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, 51 min ago | 1.07 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 0.09542 | −0.034% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.755% | $1K | $96K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0064% | 1h | 0.09547 | +0.021% | $526K | $177K | 50x | as long as short |
| Orderly PERP_HBAR_USDCshort | +0.0085% | 8h | 0.09539 | −0.063% | $2K | $12K | 10x | |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09548 | +0.031% | $222K | $2.6M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09541 | −0.042% | $573K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09549 | +0.046% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09546 | +0.014% | $222K | $337K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09540 | −0.052% | $35.9M | $113.9M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09541 | −0.042% | $33.2M | $37.2M | 75x | as long as short |
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09542 | −0.031% | $6.8M | $26.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09540 | −0.052% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09542 | −0.031% | $26.5M | $20.2M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09544 | −0.010% | $7.6M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09539 | −0.063% | $17.3M | $17.3M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09542 | −0.031% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09545 | long leg | $37K | $201K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09564 | +0.198% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09539 | −0.063% | $385K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09540 | −0.052% | $155K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09541 | −0.042% | $443 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09552 | +0.073% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09542 | −0.031% | $2.3M | $2.6M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09536 | −0.090% | $50K | $308K | 10x | as long as short |
| dYdX HBAR-USD | +0.0121% | 1h | 0.09544 | −0.012% | $31K | $11K | 5x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09540 | −0.052% | $1.5M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0284% | 1h | 0.09551 | +0.060% | $1.4M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0363% / S −0.0281% | 1h | 0.09545 | −0.005% | $83K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
dYdX HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]