Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.037%
Price spread now: Backpack against BloFin−0.052%66s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$380.381% of the position
Funding, last 7 days−0.358%−$36 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.052%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Backpack is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.019%). Swap the legs. The two prices were read 66 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 | BloFin HBAR-USDT | 0.09625 | 0.0220 | pay 0.0220% / 8h | 7h 35m | $1.6M | $5.9M | 90x |
| Short | Backpack HBAR_USDC_PERP | 0.09620 | 0.0100 | get 0.0013% / 1h | 35m 59s | $37K | $201K | 15x |
BloFin HBAR-USDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$25.2
- Price spread: −0.052% → +0.019%
- −$7.08
- Slippage, 4 orders
- −$16.12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$70.4
- Costs to cover
- 0.381%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Backpack: live order book, 62 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 BloFin live order book, 3 min ago | 1.57 bp | 9.9 bp −$10 | 18.9 bp −$189 | 43.1 bp −$4,309 | doesn't fit |
| Sell Backpack live order book, 62 min ago | 1.07 bp | 9.1 bp −$9 | 733.0 bp −$7,330 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09607 | −0.184% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −3.564% | $1K | $96K | 12x | as long as short |
| Gate HBAR_USDT | +0.0078% | 8h | 0.09614 | −0.114% | $2.5M | $2.8M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09612 | −0.135% | $2K | $11K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09615 | −0.104% | $228K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09620 | −0.052% | $577K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09632 | +0.072% | $9.0M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09621 | −0.039% | $230K | $348K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09617 | −0.083% | $36.3M | $114.8M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09616 | −0.094% | $33.5M | $37.6M | 75x | as long as short |
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
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 | 0.09620 | −0.052% | $6.8M | $27.2M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09617 | −0.083% | $26.8M | $20.4M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09621 | −0.042% | $7.5M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09616 | −0.094% | $17.7M | $17.5M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09615 | −0.104% | — | $7.5M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09620 | −0.052% | $37K | $201K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09578 | −0.489% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09594 | −0.323% | $384K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09594 | −0.322% | $155K | $700K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09619 | −0.062% | $447 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09616 | −0.094% | $74K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09620 | −0.052% | $2.3M | $2.6M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09614 | −0.110% | $50K | $308K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0166% | 1h | 0.09626 | +0.010% | $530K | $177K | 50x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09625 | long leg | $1.6M | $5.9M | 90x | |
| Kraken Futures PF_HBARUSD | +0.0282% | 1h | 0.09625 | −0.004% | $1.4M | $3.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0367% / S −0.0286% | 1h | 0.09607 | −0.190% | $84K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.0975% | 1h | 0.09608 | −0.174% | $31K | $11K | 5x | as long as short |
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
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
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD