Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Backpack against Binance−0.075%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.075%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.106% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HBARUSDT | 0.09278 | 0.0100 | pay 0.0100% / 8h | 5h 33m | $34.2M | $104.1M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09271 | 0.0100 | get 0.0013% / 1h | 33m 32s | $67K | $143K | 15x |
Binance HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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: −0.075% → +0.031%
- −$10.64
- Slippage, 4 orders
- −$12.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$42.87
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Backpack: live order book, 29 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 Binance live order book, 9 min ago | 0.54 bp | 7.8 bp −$8 | 14.8 bp −$148 | 52.8 bp −$5,277 | doesn't fit |
| Sell Backpack live order book, 29 min ago | 0.54 bp | 7.0 bp −$7 | 520.0 bp −$5,200 | 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 | −0.0031% | 8h | 0.09274 | −0.043% | $7.2M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09270 | −0.085% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09259 | −0.200% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0048% | 8h | 0.09273 | −0.054% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09235 | −0.463% | $232K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09229 | −0.531% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09260 | −0.194% | $2K | $17K | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.043% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09272 | −0.065% | $564K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09282 | +0.039% | $8.8M | $2.7M | 5x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
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 | 0.09272 | −0.069% | $212K | $318K | 50x | as long as short |
| Binance HBARUSDTlong | +0.0100% | 8h | 0.09278 | long leg | $34.2M | $104.1M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09277 | −0.011% | $32.8M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09278 | 0.000% | $6.7M | $24.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09274 | −0.043% | $26.2M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09279 | +0.011% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09275 | −0.032% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09271 | −0.075% | $67K | $143K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09237 | −0.446% | $375K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09241 | −0.399% | $147K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09261 | −0.183% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09246 | −0.345% | $70K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09266 | −0.129% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09273 | −0.049% | $52K | $277K | 10x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0204% | 1h | 0.09270 | −0.083% | $1.4M | $2.5M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09239 | −0.420% | $1.4M | $5.4M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0290% | 1h | 0.09268 | −0.108% | $510K | $152K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09260 | −0.193% | $80K | — | 100x | as long as short |
Aster 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
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]