Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%
Price spread now: Backpack against gTrade (Gains Network)−0.083%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. Backpack is 0.083% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HBAR/USD | 0.09212 | L +0.0007% / S −0.0014% | pay 0.0001% / 1h | 8m 08s | $8K | — | 150x |
| Short | Backpack HBAR_USDC_PERP | 0.09204 | 0.0100 | get 0.0013% / 1h | 8m 08s | $42K | $145K | 15x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $19.59
- Price spread: −0.083% → 0.000%
- −$8.25
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.66
- Costs to cover
- 0.200%
- Break-even
- 10.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 55 min ago. 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 55 min ago | 0.54 bp | 7.0 bp −$7 | 520.0 bp −$5,200 | doesn't fit | doesn't fit |
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 | −0.0005% | 8h | 0.09205 | −0.072% | $7.2M | $7.2M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09215 | +0.039% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USDlong | L +0.0007% / S −0.0014% | 1h | 0.09212 | long leg | $8K | — | 150x | |
| Gate HBAR_USDT | +0.0035% | 8h | 0.09208 | −0.039% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09213 | +0.015% | $233K | $2.1M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09207 | −0.050% | $2K | $14K | 10x | as long as short |
| Variational Omni HBAR | +0.0081% | 8h | 0.09234 | +0.240% | $1.0M | $187K | — | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.764% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09204 | −0.083% | $559K | $592K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09216 | +0.043% | $8.7M | $2.7M | 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 | 0.09208 | −0.043% | $210K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09196 | −0.164% | $33.9M | $104.3M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09196 | −0.169% | $32.6M | $33.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09198 | −0.148% | $6.6M | $24.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09205 | −0.072% | $25.9M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09196 | −0.169% | $17.0M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09201 | −0.115% | — | $6.1M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09204 | −0.083% | $42K | $145K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09246 | +0.373% | $375K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09251 | +0.428% | $148K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09207 | −0.050% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09224 | +0.135% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09209 | −0.028% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09204 | −0.078% | $47K | $277K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0184% | 1h | 0.09213 | +0.015% | $507K | $152K | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0205% | 1h | 0.09213 | +0.014% | $1.4M | $2.5M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09215 | +0.037% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0346% / S −0.0242% | 1h | 0.09208 | −0.037% | $79K | — | 100x | as long as short |
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
KuCoin HBARUSDTM
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Injective HBAR/USDC PERP
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
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
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]