Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Backpack+0.237%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
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)−0.215%−$21 · spread now +0.237%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.226% dearer against Backpack than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09273 | 0.0100 | pay 0.0013% / 1h | 22m 11s | $38K | $200K | 15x |
| Short | ApeX Omni HBARUSDT | 0.09295 | 0.0100 | get 0.0013% / 1h | 22m 11s | $148K | $714K | 50x |
Backpack HBAR_USDC_PERP
ApeX Omni HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. 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: +0.237% → +0.012%
- $22.57
- Slippage, 4 orders
- −$20.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$17.73
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 36 min ago; ApeX Omni: live order book, 36 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 Backpack live order book, 36 min ago | 0.54 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 36 min ago | 3.80 bp | 11.4 bp −$11 | 104.3 bp −$1,043 | 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 | 0.09270 | −0.035% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09276 | +0.032% | $511K | $178K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09272 | −0.014% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0023% | 8h | 0.09274 | +0.011% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.097% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0061% | 8h | 0.09271 | −0.022% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09280 | +0.075% | $227K | $2.1M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09269 | −0.043% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09267 | −0.065% | $562K | $598K | 5x | as long as short |
| Variational Omni HBAR | +0.0099% | 8h | 0.09290 | +0.181% | $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
Lighter HBAR
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09285 | +0.130% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09278 | +0.050% | $212K | $314K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09263 | −0.108% | $34.0M | $105.6M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09264 | −0.097% | $32.6M | $34.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09263 | −0.108% | $6.6M | $24.7M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09272 | −0.011% | $25.9M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09268 | −0.054% | $17.0M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09274 | +0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09273 | long leg | $38K | $200K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09264 | −0.093% | $379K | $2.5M | 10x | as long as short |
| ApeX Omni HBARUSDTshort | +0.0100% | 1h | 0.09295 | +0.237% | $148K | $714K | 50x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09271 | −0.022% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09287 | +0.151% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09271 | −0.022% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09266 | −0.071% | $52K | $278K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09262 | −0.119% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09271 | −0.024% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0391% | 1h | 0.09275 | +0.027% | $1.4M | $2.6M | 50x | as long as short |
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