Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Backpack against Phemex+0.022%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$560.558% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.022%, 7d avg +0.018%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09200 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $2.1M | $2.1M | 50x |
| Short | Backpack HBAR_USDC_PERP | 0.09202 | 0.0100 | get 0.0013% / 1h | 58m 43s | $32K | $120K | 15x |
Phemex HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Phemex. 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: +0.022% → +0.018%
- $0.4
- Slippage, 4 orders
- −$33.85
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$55.44
- Costs to cover
- 0.558%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Backpack: live order book, 4 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 Phemex live order book, 5 min ago | 0.54 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.54 bp | 7.0 bp −$7 | 520.0 bp −$5,200 | doesn't fit | doesn't fit |
HBAR on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0051% | 8h | 0.09201 | +0.011% | $7.1M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09203 | +0.032% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09202 | +0.022% | $507K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09197 | −0.034% | $8K | — | 150x | as long as short |
| Lighter HBAR | +0.0024% | 1h | 0.09202 | +0.022% | $560K | $591K | 5x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09206 | +0.065% | $223K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0065% | 8h | 0.09198 | −0.023% | $1.0M | $187K | — | as long as short |
| Gate HBAR_USDT | +0.0066% | 8h | 0.09199 | −0.011% | $2.4M | $2.8M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09196 | −0.043% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0084% | 8h | 0.09205 | +0.054% | $25.9M | $19.5M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Lighter HBAR
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0085% | 8h | 0.09204 | +0.041% | $34.1M | $104.0M | 75x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09200 | −0.005% | $47K | $273K | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.891% | $1K | $106K | 12x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09214 | +0.151% | $8.8M | $2.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09201 | +0.016% | $210K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09203 | +0.033% | $32.6M | $34.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09205 | +0.054% | $6.7M | $24.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09204 | +0.043% | $17.0M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09202 | +0.022% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09202 | +0.022% | $32K | $120K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09210 | +0.108% | $371K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09198 | −0.022% | $147K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09197 | −0.033% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09208 | +0.087% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09200 | long leg | $2.1M | $2.1M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0206% | 1h | 0.09203 | +0.037% | $1.4M | $2.5M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0486% / S −0.0462% | 1h | 0.09197 | −0.033% | $119K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Injective HBAR/USDC PERP
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]