Funding you earn now, next payment 09:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.003%
Price spread now: Backpack against Orderly−0.072%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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. Backpack is 0.072% cheaper against Orderly than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 21 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_HBAR_USDC | 0.09733 | 0.0088 | pay 0.0088% / 8h | 7h 01m | $1K | $11K | 10x |
| Short | Backpack HBAR_USDC_PERP | 0.09726 | 0.0100 | get 0.0013% / 1h | 1m 53s | $38K | $199K | 15x |
Orderly PERP_HBAR_USDC
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- $2.45
- Price spread: −0.072% → 0.000%
- −$7.19
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.74
- Costs to cover
- 0.160%
- Break-even
- 66.1 days
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 31 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 31 min ago | 2.61 bp | 8.9 bp −$9 | 606.6 bp −$6,066 | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09715 | −0.181% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09716 | −0.175% | $1K | $98K | 12x | as long as short |
| Phemex HBARUSDT | +0.0084% | 8h | 0.09720 | −0.134% | $2.4M | $3.1M | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09721 | −0.123% | $241K | $2.9M | 50x | as long as short |
| Orderly PERP_HBAR_USDClong | +0.0088% | 8h | 0.09733 | long leg | $1K | $11K | 10x | |
| Lighter HBAR | +0.0096% | 1h | 0.09717 | −0.164% | $586K | $617K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09730 | −0.026% | $233K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09724 | −0.093% | $37.0M | $115.4M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09724 | −0.092% | $34.3M | $38.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09727 | −0.062% | $6.9M | $27.8M | 50x | as long as short |
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Phemex HBARUSDT
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | +0.0100% | 8h | 0.09725 | −0.082% | $2.5M | $3.0M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09726 | −0.072% | $27.6M | $21.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09729 | −0.041% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09731 | −0.021% | $18.5M | $17.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09725 | −0.082% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09726 | −0.072% | $38K | $199K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09650 | −0.854% | $1.1M | $171K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09727 | −0.066% | $400K | $3.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09673 | −0.616% | $156K | $698K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09714 | −0.195% | $451 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09737 | +0.041% | $75K | $74K | 20x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09725 | −0.079% | $53K | $307K | 10x | as long as short |
| Hyperliquid HBAR | +0.0132% | 1h | 0.09738 | +0.052% | $9.2M | $4.0M | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0162% | 1h | 0.09719 | −0.144% | $535K | $191K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09763 | +0.308% | $1.6M | $6.1M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0279% | 1h | 0.09720 | −0.130% | $1.4M | $3.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0375% / S −0.0376% | 1h | 0.09717 | −0.165% | $80K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1805% | 1h | 0.09740 | +0.075% | $39K | $18K | 5x | as long as short |
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Hyperliquid HBAR
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD