Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against Bybit+0.220%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.220% dearer against Bybit than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HBARUSDT	0.09272	0.0100	pay 0.0100% / 8h	40m 39s	$33.0M	$36.8M	75x
Short	gTrade (Gains Network) HBAR/USD	0.09292	L +0.0007% / S −0.0014%	get 0.0002% / 1h	40m 39s	$8K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.220%Rate

Funding earned: −$18.04
Price spread: +0.220% → 0.000%: $22.02
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$17.02
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; gTrade (Gains Network): 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 Bybit live order book, 3 min ago	0.54 bp	10.4 bp −$10	20.9 bp −$209	72.1 bp −$7,207	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
KuCoin HBARUSDTM	−0.0033%	8h	0.09278	+0.065%	$7.4M	$7.8M	75x	as long as short
Gate HBAR_USDT	−0.0015%	8h	0.09280	+0.086%	$2.4M	$3.6M	75x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09279	+0.080%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09291	+0.205%	$512K	$166K	50x	as long as short
gTrade (Gains Network) HBAR/USDshort	L +0.0007% / S −0.0014%	1h	0.09292	+0.220%	$8K	—	150x
Coinbase International HBAR-PERP-INTX	+0.0064%	1h	0.09293	+0.226%	$223K	$2.2M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0082%	8h	0.09285	+0.140%	$2K	$17K	10x	as long as short
Variational Omni HBAR	+0.0088%	8h	0.09305	+0.360%	$1.0M	$198K	—	as long as short
Lighter HBAR	+0.0096%	1h	0.09278	+0.065%	$569K	$591K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09291	+0.201%	$8.9M	$2.8M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HBARUSDT	+0.0100%	8h	0.09284	+0.135%	$212K	$429K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09276	+0.046%	$34.8M	$110.0M	75x	as long as short
Bybit HBARUSDTlong	+0.0100%	8h	0.09272	long leg	$33.0M	$36.8M	75x
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09274	+0.022%	$6.8M	$25.1M	50x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09278	+0.065%	$26.3M	$22.3M	200x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09274	+0.022%	$17.1M	$14.9M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09276	+0.043%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09289	+0.183%	$34K	$102K	15x	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09288	+0.173%	$378K	$2.2M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09302	+0.324%	$149K	$708K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09283	+0.119%	$431	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09307	+0.377%	$73K	$53K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09284	+0.129%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09273	+0.014%	$51K	$218K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09288	+0.173%	$1.5M	$5.8M	90x	as long as short
Injective HBAR/USDC PERP	+0.0242%	1h	0.09267	−0.054%	$1K	$112K	12x	as long as short
Kraken Futures PF_HBARUSD	+0.0412%	1h	0.09289	+0.188%	$1.4M	$2.3M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0448% / S −0.0478%	1h	0.09291	+0.206%	$104K	—	100x	as long as short