Funding you earn now, next payment 22:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.008%
Price spread now: BingX against Backpack+0.011%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.011%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.046% dearer against Backpack than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09244 | 0.0076 | pay 0.0009% / 1h | 24m 42s | $31K | $102K | 15x |
| Short | BingX HBAR-USDT | 0.09245 | 0.0100 | get 0.0100% / 8h | 2h 24m | — | $5.9M | — |
Backpack HBAR_USDC_PERP
BingX HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $5.04
- Price spread: +0.011% → −0.035%
- $4.57
- Slippage, 4 orders
- −$16.33
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$26.72
- Costs to cover
- 0.363%
- Break-even
- 44.1 days
Slippage from Backpack: live order book, 63 min ago; BingX: live order book, 6 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, 63 min ago | 1.63 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 2.18 bp | 10.8 bp −$11 | 19.0 bp −$190 | 55.5 bp −$5,553 | 323.0 bp −$161.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0031% | 8h | 0.09246 | +0.022% | $7.4M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0023% | 8h | 0.09245 | +0.011% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09244 | 0.000% | $509K | $150K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09243 | −0.011% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0052% | 8h | 0.09240 | −0.047% | $1.0M | $197K | — | as long as short |
| MEXC HBAR_USDT | +0.0061% | 8h | 0.09246 | +0.022% | $24.1M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0063% | 8h | 0.09247 | +0.032% | $34.8M | $110.8M | 75x | as long as short |
| Extended HBAR-USD | +0.0064% | 1h | 0.09242 | −0.023% | $51K | $210K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09244 | 0.000% | $221K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09239 | −0.054% | $2K | $18K | 10x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERPlong | +0.0076% | 1h | 0.09244 | long leg | $31K | $102K | 15x | |
| Lighter HBAR | +0.0096% | 1h | 0.09247 | +0.032% | $568K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09263 | +0.201% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09246 | +0.023% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09245 | +0.011% | $33.1M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09243 | −0.011% | $6.9M | $24.8M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09248 | +0.043% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDTshort | +0.0100% | 8h | 0.09245 | +0.011% | — | $5.9M | — | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09226 | −0.195% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09230 | −0.151% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09240 | −0.043% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09264 | +0.216% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09236 | −0.087% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0182% | 8h | 0.09238 | −0.065% | $1.4M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | −0.357% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0381% | 1h | 0.09250 | +0.063% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0446% / S −0.0478% | 1h | 0.09241 | −0.028% | $104K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3698% | 1h | 0.09249 | +0.057% | $30K | $4K | 5x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD