Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.017%

Price spread now: BingX against gTrade (Gains Network)−0.090%46s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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

Funding pays, the price is against you. BingX is 0.090% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.2 days of funding at the current rate (+$3 a day). The two prices were read 46 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	gTrade (Gains Network) HBAR/USD	0.09300	L +0.0007% / S −0.0014%	pay 0.0001% / 1h	43m 32s	$8K	—	150x
Short	BingX HBAR-USDC	0.09292	0.0100	get 0.0100% / 8h	43m 32s	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.090%Rate

Funding earned: $19.59
Price spread: −0.090% → 0.000%: −$9.04
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$9.45
Costs to cover: 0.200%
Break-even: 10.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago	1.07 bp	18.2 bp −$18	62.5 bp −$625	549.9 bp −$55.0K	1006.7 bp −$503.4K

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	−0.0028%	8h	0.09293	−0.080%	$7.4M	$7.8M	75x	as long as short
Gate HBAR_USDT	−0.0010%	8h	0.09294	−0.069%	$2.4M	$3.6M	75x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09301	+0.005%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09303	+0.028%	$512K	$166K	50x	as long as short
gTrade (Gains Network) HBAR/USDlong	L +0.0007% / S −0.0014%	1h	0.09300	long leg	$8K	—	150x
Coinbase International HBAR-PERP-INTX	+0.0064%	1h	0.09297	−0.037%	$223K	$2.2M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0081%	8h	0.09295	−0.058%	$2K	$17K	10x	as long as short
Variational Omni HBAR	+0.0088%	8h	0.09305	+0.053%	$1.0M	$198K	—	as long as short
Lighter HBAR	+0.0096%	1h	0.09293	−0.080%	$570K	$591K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09305	+0.048%	$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	0.09299	−0.018%	$212K	$429K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09291	−0.101%	$34.9M	$110.1M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09291	−0.101%	$33.1M	$36.9M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09290	−0.112%	$6.8M	$25.2M	50x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09292	−0.090%	$26.3M	$22.3M	200x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09298	−0.026%	$17.2M	$15.0M	75x	as long as short
BingX HBAR-USDCshort	+0.0100%	8h	0.09292	−0.090%	—	$6.7M	—
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09301	+0.006%	$34K	$102K	15x	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09294	−0.069%	$378K	$2.2M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09302	+0.017%	$149K	$708K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09295	−0.058%	$431	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09305	+0.049%	$73K	$54K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09297	−0.037%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09291	−0.103%	$51K	$218K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09297	−0.037%	$1.5M	$5.8M	90x	as long as short
Injective HBAR/USDC PERP	+0.0242%	1h	0.09267	−0.359%	$1K	$112K	12x	as long as short
Kraken Futures PF_HBARUSD	+0.0412%	1h	0.09303	+0.023%	$1.4M	$2.3M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0448% / S −0.0478%	1h	0.09299	−0.017%	$104K	—	100x	as long as short