Funding you earn now, next payment 23:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.007%
Price spread now: Backpack against KuCoin+0.032%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$480.485% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.032%, 7d avg +0.016%
=The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.238%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HBARUSDTM | 0.09279 | −0.0025 | get 0.0025% / 8h | 1h 03m | $7.4M | $7.8M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09282 | 0.0100 | get 0.0013% / 1h | 3m 35s | $34K | $102K | 15x |
KuCoin HBARUSDTM
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $26.25
- Price spread: +0.032% → +0.016%
- $1.59
- Slippage, 4 orders
- −$26.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.61
- Costs to cover
- 0.485%
- Break-even
- 12.5 days
Slippage from KuCoin: live order book, 4 min ago; Backpack: live order book, 14 min ago.
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 KuCoin live order book, 4 min ago | 1.62 bp | 17.4 bp −$17 | 52.7 bp −$527 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 14 min ago | 1.08 bp | 9.2 bp −$9 | 654.4 bp −$6,544 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | −0.129% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTMlong | −0.0025% | 8h | 0.09279 | long leg | $7.4M | $7.8M | 75x | |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09279 | +0.004% | $30K | $4K | 5x | as long as short |
| Gate HBAR_USDT | +0.0003% | 8h | 0.09280 | +0.011% | $2.4M | $3.6M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09282 | +0.036% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09279 | 0.000% | $223K | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0073% | 1h | 0.09284 | +0.054% | $511K | $166K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09275 | −0.043% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0083% | 8h | 0.09255 | −0.256% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09279 | 0.000% | $569K | $591K | 5x | as long as short |
Injective HBAR/USDC PERP
dYdX HBAR-USD
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09279 | −0.004% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09285 | +0.063% | $212K | $429K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09271 | −0.091% | $34.7M | $110.5M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09267 | −0.129% | $33.0M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09269 | −0.108% | $6.8M | $25.2M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09278 | −0.011% | $25.5M | $22.9M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09272 | −0.075% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09281 | +0.022% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09282 | +0.032% | $34K | $102K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09268 | −0.119% | $377K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09246 | −0.356% | $148K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09274 | −0.054% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09291 | +0.129% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09274 | −0.054% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09279 | +0.001% | $51K | $218K | 10x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09283 | +0.047% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09270 | −0.097% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09281 | +0.027% | $104K | — | 100x | as long as short |
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]