Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Binance against Backpack−0.179%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.179%, 7d avg −0.033%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.146% cheaper against Backpack than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09507 | 0.0100 | pay 0.0013% / 1h | 55m 48s | $39K | $201K | 15x |
| Short | Binance HBARUSDT | 0.09490 | 0.0100 | get 0.0100% / 8h | 7h 55m | $35.5M | $113.0M | 75x |
Backpack HBAR_USDC_PERP
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: −0.179% → −0.033%
- −$14.57
- Slippage, 4 orders
- −$14.67
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.24
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 42 min ago; Binance: live order book, 2 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, 42 min ago | 1.07 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.53 bp | 9.7 bp −$10 | 19.4 bp −$194 | 66.2 bp −$6,624 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex HBARUSDT | −0.0107% | 8h | 0.09506 | −0.011% | $2.3M | $2.6M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09506 | −0.015% | $31K | $11K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09506 | −0.015% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.367% | $1K | $96K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0065% | 1h | 0.09514 | +0.074% | $524K | $178K | 50x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0076% | 8h | 0.09470 | −0.394% | $384K | $3.3M | 10x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0083% | 8h | 0.09505 | −0.021% | $2K | $12K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09511 | +0.042% | $214K | $2.6M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09508 | +0.011% | $571K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09498 | −0.093% | $8.8M | $3.7M | 5x | as long as short |
Phemex HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
GRVT HBAR_USDT_Perp
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09496 | −0.119% | $204K | $337K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09490 | −0.179% | $35.5M | $113.0M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09490 | −0.179% | $32.8M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09495 | −0.126% | $6.7M | $25.9M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09489 | −0.189% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09489 | −0.189% | $26.3M | $20.1M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09497 | −0.105% | $7.5M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09486 | −0.221% | $17.4M | $16.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09489 | −0.189% | — | $7.3M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09507 | long leg | $39K | $201K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09504 | −0.032% | $1.1M | $179K | — | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09473 | −0.358% | $154K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09505 | −0.021% | $441 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09523 | +0.168% | $73K | $74K | 20x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09488 | −0.196% | $49K | $308K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09509 | +0.021% | $1.5M | $5.8M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0285% | 1h | 0.09516 | +0.098% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0265% | 1h | 0.09503 | −0.044% | $86K | — | 100x | as long as short |
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]