Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: Bitget against gTrade (Gains Network)−0.049%7-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 Bitget

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. Bitget is 0.049% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 42 hours 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	0.09325	L +0.0007% / S −0.0011%	pay 0.0001% / 1h	0m 20s	$9K	—	150x
Short	Bitget HBARUSDT	0.09320	0.0100	get 0.0100% / 8h	1h 00m	$17.2M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.049%Rate

Funding earned: $19.59
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7.31
Costs to cover: 0.220%
Break-even: 9.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.54 bp	10.7 bp −$11	14.3 bp −$143	55.6 bp −$5,557	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
Kraken Futures PF_HBARUSD	−0.0265%	1h	0.09322	−0.028%	$1.3M	$3.0M	50x	as long as short
Backpack HBAR_USDC_PERP	−0.0199%	1h	0.09307	−0.188%	$35K	$201K	15x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09311	−0.144%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09326	+0.015%	$514K	$178K	50x	as long as short
gTrade (Gains Network) HBAR/USDlong	L +0.0007% / S −0.0011%	1h	0.09325	long leg	$9K	—	150x
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	−0.457%	$1K	$103K	12x	as long as short
Orderly PERP_HBAR_USDC	+0.0078%	8h	0.09317	−0.081%	$4K	$10K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0080%	1h	0.09324	−0.006%	$206K	$2.3M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09317	−0.081%	$561K	$600K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09331	+0.067%	$8.7M	$3.7M	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	0.09324	−0.011%	$200K	$329K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09319	−0.058%	$34.3M	$111.4M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09323	−0.017%	$31.9M	$35.8M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09318	−0.070%	$6.6M	$25.0M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09318	−0.070%	$2.4M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09319	−0.060%	$25.8M	$20.2M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09321	−0.038%	$7.4M	$7.4M	75x	as long as short
Bitget HBARUSDTshort	+0.0100%	8h	0.09320	−0.049%	$17.2M	$15.9M	75x
BingX HBAR-USDC	+0.0100%	8h	0.09322	−0.028%	—	$6.7M	—	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09306	−0.201%	$1.0M	$181K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09320	−0.049%	$379K	$3.1M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09337	+0.133%	$152K	$703K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09318	−0.070%	$433	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09318	−0.070%	$71K	$70K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09318	−0.070%	$2.2M	$2.1M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09317	−0.077%	$53K	$233K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09304	−0.221%	$1.5M	$5.7M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0360% / S −0.0261%	1h	0.09324	−0.005%	$84K	—	100x	as long as short