Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.002%
Price spread now: Backpack against Bitget−0.054%49s7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.054%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Backpack is 0.080% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 49 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 | Bitget HBARUSDT | 0.09197 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $16.9M | $14.9M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09192 | 0.0045 | get 0.0006% / 1h | 28m 18s | $31K | $102K | 15x |
Bitget HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- −$11.55
- Price spread: −0.054% → +0.026%
- −$8
- Slippage, 4 orders
- −$15.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$57.25
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; Backpack: live order book, 59 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 Bitget live order book, just now | 0.54 bp | 10.8 bp −$11 | 19.8 bp −$198 | 49.2 bp −$4,922 | doesn't fit |
| Sell Backpack live order book, 59 min ago | 1.63 bp | 8.8 bp −$9 | 405.8 bp −$4,058 | 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 | −0.0036% | 8h | 0.09194 | −0.033% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0029% | 8h | 0.09196 | −0.011% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09203 | +0.065% | $507K | $150K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09198 | +0.012% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0045% | 1h | 0.09192 | −0.054% | $31K | $102K | 15x | |
| Variational Omni HBAR | +0.0050% | 8h | 0.09187 | −0.108% | $1.0M | $197K | — | as long as short |
| Extended HBAR-USD | +0.0056% | 1h | 0.09196 | −0.012% | $51K | $210K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0057% | 8h | 0.09196 | −0.011% | $24.0M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0058% | 8h | 0.09207 | +0.109% | $34.7M | $110.7M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09200 | +0.033% | $220K | $2.2M | 50x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Coinbase International HBAR-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09195 | −0.022% | $2K | $18K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09208 | +0.120% | $566K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09208 | +0.121% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09197 | −0.005% | $210K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09206 | +0.098% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09192 | −0.054% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDTlong | +0.0100% | 8h | 0.09197 | long leg | $16.9M | $14.9M | 75x | |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09194 | −0.033% | — | $5.8M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09190 | −0.076% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09193 | −0.043% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09205 | +0.087% | $427 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09211 | +0.152% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09205 | +0.087% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0177% | 8h | 0.09187 | −0.109% | $1.4M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.152% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0383% | 1h | 0.09209 | +0.129% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09196 | −0.008% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3949% | 1h | 0.09190 | −0.075% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD