Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Backpack against ApeX Omni+0.241%84s7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.241%, 7d avg −0.012%
=The price spread pays, funding is against you. Backpack is 0.252% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of −0.012%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 30 days. At the pace of the last 7 days (−0.239% in total) that is about 7.4 days. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni HBARUSDT | 0.09133 | 0.0100 | pay 0.0013% / 1h | 41m 40s | $146K | $714K | 50x |
| Short | Backpack HBAR_USDC_PERP | 0.09155 | 0.0072 | get 0.0009% / 1h | 41m 40s | $37K | $186K | 15x |
ApeX Omni HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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
- −$5.83
- Price spread: +0.241% → −0.012%
- $25.24
- Slippage, 4 orders
- −$20.3
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.89
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 17 min ago; Backpack: live order book, 16 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 ApeX Omni live order book, 17 min ago | 3.80 bp | 12.6 bp −$13 | 100.0 bp −$1,000 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 16 min ago | 0.54 bp | 10.0 bp −$10 | 784.9 bp −$7,849 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09151 | +0.193% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09157 | +0.263% | $504K | $173K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09155 | +0.237% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0009% | 8h | 0.09151 | +0.197% | $7.1M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.631% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0044% | 8h | 0.09153 | +0.219% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09155 | +0.241% | $218K | $2.1M | 50x | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0072% | 1h | 0.09155 | +0.241% | $37K | $186K | 15x | |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09151 | +0.197% | $2K | $14K | 10x | as long as short |
| Variational Omni HBAR | +0.0082% | 8h | 0.09132 | −0.013% | $1.0M | $187K | — | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09148 | +0.164% | $556K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09163 | +0.326% | $8.6M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09156 | +0.250% | $210K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09151 | +0.197% | $33.6M | $105.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09154 | +0.230% | $32.4M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09154 | +0.230% | $6.5M | $24.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09148 | +0.164% | $25.5M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09152 | +0.208% | $16.8M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09152 | +0.208% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09132 | −0.015% | $375K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDTlong | +0.0100% | 1h | 0.09133 | long leg | $146K | $714K | 50x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09152 | +0.208% | $425 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09164 | +0.339% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09153 | +0.219% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09152 | +0.212% | $52K | $278K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09150 | +0.186% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0345% / S −0.0242% | 1h | 0.09154 | +0.230% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0396% | 1h | 0.09157 | +0.263% | $1.4M | $2.6M | 50x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD