Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.007%

Price spread now: MEXC against gTrade (Gains Network)−0.114%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 MEXC

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. MEXC is 0.114% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 4.1 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	0.09349	L +0.0007% / S −0.0011%	pay 0.0001% / 1h	14m 33s	$9K	—	150x
Short	MEXC HBAR_USDT	0.09338	0.0100	get 0.0100% / 8h	3h 14m	$25.8M	$19.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.114%Rate

Funding earned: $19.59
Price spread: −0.114% → 0.000%: −$11.4
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.81
Costs to cover: 0.100%
Break-even: 7.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.53 bp	0.7 bp −$1	8.5 bp −$85	40.7 bp −$4,074	127.1 bp −$63.5K

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
dYdX HBAR-USD	0.0000%	1h	0.09344	−0.046%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09351	+0.025%	$515K	$190K	50x	as long as short
gTrade (Gains Network) HBAR/USDlong	L +0.0007% / S −0.0011%	1h	0.09349	long leg	$9K	—	150x
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	−0.713%	$1K	$105K	12x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0080%	1h	0.09354	+0.057%	$230K	$2.3M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0080%	8h	0.09344	−0.050%	$2K	$14K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09345	−0.039%	$564K	$618K	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09346	−0.032%	$201K	$336K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09340	−0.093%	$34.6M	$110.2M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09340	−0.093%	$32.9M	$35.3M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09341	−0.082%	$6.6M	$25.6M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09340	−0.093%	$2.4M	$2.7M	75x	as long as short
MEXC HBAR_USDTshort	+0.0100%	8h	0.09338	−0.114%	$25.8M	$19.8M	200x
KuCoin HBARUSDTM	+0.0100%	8h	0.09351	+0.025%	$7.5M	$7.4M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09341	−0.082%	$17.0M	$15.6M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09342	−0.071%	—	$6.5M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09351	+0.025%	$38K	$199K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09356	+0.077%	$1.0M	$188K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09366	+0.185%	$384K	$2.8M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09367	+0.196%	$151K	$714K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09348	−0.007%	$434	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09366	+0.185%	$71K	$68K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09354	+0.057%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09336	−0.140%	$48K	$276K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09354	+0.057%	$1.5M	$5.6M	90x	as long as short
Kraken Futures PF_HBARUSD	+0.0359%	1h	0.09352	+0.038%	$1.3M	$2.9M	50x	as long as short
Hyperliquid HBAR	+0.0604%	1h	0.09366	+0.180%	$9.4M	$3.3M	5x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0606% / S −0.0638%	1h	0.09348	−0.005%	$154K	—	100x	as long as short