Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Backpack against MEXC+0.021%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$260.258% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.021%, 7d avg +0.024%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HBAR_USDT | 0.09578 | 0.0100 | pay 0.0100% / 8h | 7h 33m | $26.7M | $20.5M | 200x |
| Short | Backpack HBAR_USDC_PERP | 0.09580 | 0.0100 | get 0.0013% / 1h | 33m 05s | $37K | $201K | 15x |
MEXC HBAR_USDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $0
- Price spread: +0.021% → +0.024%
- −$0.35
- Slippage, 4 orders
- −$15.84
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$26.18
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Backpack: live order book, 65 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 MEXC live order book, 1 min ago | 0.52 bp | 4.7 bp −$5 | 16.3 bp −$163 | 52.1 bp −$5,213 | 144.5 bp −$72.3K |
| Sell Backpack live order book, 65 min ago | 1.07 bp | 9.1 bp −$9 | 733.0 bp −$7,330 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0015% | 8h | 0.09576 | −0.021% | $2.5M | $2.8M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09581 | +0.027% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −3.090% | $1K | $96K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0087% | 8h | 0.09572 | −0.063% | $2K | $11K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09615 | +0.386% | $228K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09580 | +0.021% | $574K | $603K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09593 | +0.161% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09582 | +0.043% | $229K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09578 | 0.000% | $36.1M | $114.9M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09578 | 0.000% | $33.4M | $37.7M | 75x | as long as short |
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09581 | +0.031% | $6.8M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDTlong | +0.0100% | 8h | 0.09578 | long leg | $26.7M | $20.5M | 200x | |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09579 | +0.010% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09581 | +0.031% | $17.6M | $17.5M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09580 | +0.021% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09580 | +0.021% | $37K | $201K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09617 | +0.406% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09591 | +0.139% | $384K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09638 | +0.626% | $156K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09576 | −0.021% | $445 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09598 | +0.209% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09579 | +0.010% | $2.2M | $2.6M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09573 | −0.055% | $50K | $305K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0168% | 1h | 0.09579 | +0.010% | $528K | $177K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09574 | −0.042% | $1.5M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0283% | 1h | 0.09586 | +0.084% | $1.4M | $3.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0286% | 1h | 0.09571 | −0.069% | $84K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1302% | 1h | 0.09585 | +0.072% | $31K | $11K | 5x | as long as short |
OKX HBAR-USDT-SWAP
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD