Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Backpack against Aster−0.030%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 6 days (all we have)−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.030%, 7d avg 0.000%
=Together, before fees−0.053%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.030% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster HBARUSDT | 0.09298 | 0.0100 | pay 0.0100% / 8h | 3h 08m | $200K | $335K | 50x |
| Short | Backpack HBAR_USDC_PERP | 0.09295 | 0.0100 | get 0.0013% / 1h | 8m 13s | $36K | $201K | 15x |
Aster HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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: −0.030% → 0.000%
- −$2.98
- Slippage, 4 orders
- −$50.12
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$71.1
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from Aster: live order book, 44 min ago; Backpack: live order book, 45 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 Aster live order book, 44 min ago | 12.14 bp | 33.5 bp −$33 | 146.8 bp −$1,468 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 45 min ago | 1.06 bp | 8.3 bp −$8 | 599.0 bp −$5,990 | 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 | 0.09301 | +0.031% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09291 | −0.075% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.170% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09276 | −0.234% | $228K | $2.3M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09289 | −0.094% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09294 | −0.041% | $561K | $619K | 5x | as long as short |
| Aster HBARUSDTlong | +0.0100% | 8h | 0.09298 | long leg | $200K | $335K | 50x | |
| Binance HBARUSDT | +0.0100% | 8h | 0.09293 | −0.051% | $34.3M | $111.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09293 | −0.051% | $32.7M | $35.4M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09295 | −0.030% | $6.6M | $25.7M | 50x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
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 | 0.09288 | −0.105% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09293 | −0.051% | $25.6M | $19.9M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09295 | −0.030% | $7.5M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09294 | −0.041% | $17.0M | $15.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09293 | −0.051% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09295 | −0.030% | $36K | $201K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09341 | +0.462% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09356 | +0.629% | $384K | $2.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09362 | +0.691% | $151K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09294 | −0.041% | $431 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09289 | −0.094% | $70K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09298 | +0.002% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09287 | −0.112% | $48K | $235K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0180% | 1h | 0.09299 | +0.013% | $512K | $192K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09286 | −0.127% | $1.5M | $5.5M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0361% | 1h | 0.09299 | +0.018% | $1.3M | $3.0M | 50x | as long as short |
| Hyperliquid HBAR | +0.0582% | 1h | 0.09302 | +0.045% | $9.1M | $3.4M | 5x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0618% / S −0.0663% | 1h | 0.09290 | −0.089% | $157K | — | 100x | as long as short |
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
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
Hyperliquid HBAR
GMX HBAR/USD [WBTC.b-USDC]