Spread before costs (cost unknown: a leg has no order-book sample)+0.005%
7d average+0.018%if it closes, per $10,000$1funding while held, a day+$4.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09231 | 0.0100 | pay 0.0013% / 1h | 23m 15s | $31K | $147K | 15x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09231 | L +0.0432% / S −0.0261% | get 0.0033% / 1h | 23m 15s | $120K | — | 100x |
Backpack HBAR_USDC_PERP
GMX HBAR/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.54
- Funding while held
- $4.82
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$16.64
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 21 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0161%
- Per $10,000 a day
- +$4.82
- Average in range /8h
- —
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, 21 min ago | 1.62 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HBAR price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.09222cheapestSoDEX0.09223+0.011%KuCoin0.09225+0.033%Extended0.09226+0.039%Lighter0.09226+0.043%MEXC0.09226+0.043%Phemex0.09226+0.043%Orderly0.09227+0.054%Binance0.09228+0.065%Bybit0.09228+0.065%Bitget0.09231+0.098%BingX0.09231+0.098%
BloFin
SoDEX
KuCoin
Extended
Lighter
MEXC
Phemex
Orderly
Binance
Bybit
Bitget
BingXBackpack0.09231+0.098%
GMX0.09231+0.103%
OKX0.09233+0.119%gTrade (Gains Network)0.09233+0.123%Deribit0.09235+0.141%Gate0.09238+0.173%Aster0.09240+0.190%Kraken Futures0.09240+0.195%dYdX0.09243+0.223%Hyperliquid0.09244+0.241%Coinbase International0.09252+0.325%Injective0.09257+0.380%ApeX Omni0.09260+0.412%HTX0.09262+0.434%Variational Omni0.09267+0.484%
OKX
gTrade (Gains Network)
Deribit
Gate
Aster
Kraken Futures
dYdX
Hyperliquid
Coinbase International
Injective
ApeX Omni
HTX
Variational OmniHBAR on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin HBAR-USDT | −0.097% | +0.0116% | 8h | $1.6M | $10.9M | 90x | as long as short |
| SoDEX HBAR-USD | −0.087% | +0.0100% | 1h | $428 | $6K | 5x | as long as short |
| KuCoin HBARUSDTM | −0.065% | +0.0098% | 8h | $7.5M | $8.6M | 75x | as long as short |
| Extended HBAR-USD | −0.058% | −0.0008% | 1h | $52K | $207K | 10x | as long as short |
| Lighter HBAR | −0.054% | +0.0096% | 1h | $566K | $599K | 5x | as long as short |
| MEXC HBAR_USDT | −0.054% | −0.0004% | 8h | $32.2M | $26.2M | 200x | as long as short |
| Phemex HBARUSDT | −0.054% | +0.0091% | 8h | $2.2M | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | −0.043% | +0.0048% | 8h | $5K | $19K | 10x | as long as short |
| Binance HBARUSDT | −0.032% | −0.0004% | 8h | $36.4M | $116.7M | 75x | as long as short |
| Bybit HBARUSDT | −0.032% | +0.0100% | 8h | $33.6M | $41.3M | 75x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget HBARUSDT | 0.000% | +0.0100% | 8h | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | 0.000% | −0.0001% | 8h | — | $6.3M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | 0.000% | +0.0100% | 1h | $31K | $147K | 15x | |
| GMX HBAR/USD [WBTC.b-USDC]short | +0.005% | L +0.0432% / S −0.0261% | 1h | $120K | — | 100x | |
| OKX HBAR-USDT-SWAP | +0.022% | +0.0100% | 8h | $7.1M | $27.7M | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | +0.026% | L +0.0007% / S −0.0013% | 1h | $8K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.043% | +0.0400% | 1h | $508K | $153K | 50x | as long as short |
| Gate HBAR_USDT | +0.076% | +0.0100% | 8h | $2.5M | $3.7M | 75x | as long as short |
| Aster HBARUSDT | +0.092% | +0.0100% | 8h | $216K | $681K | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.098% | +0.0272% | 1h | $1.4M | $2.5M | 50x | as long as short |
| dYdX HBAR-USD | +0.125% | 0.0000% | 1h | $30K | $4K | 5x | as long as short |
| Hyperliquid HBAR | +0.143% | +0.0100% | 1h | $8.9M | $3.1M | 5x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.227% | +0.0048% | 1h | $219K | $2.9M | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.282% | −0.0549% | 1h | $5K | $101K | 12x | as long as short |
| ApeX Omni HBARUSDT | +0.314% | +0.0100% | 1h | $170K | $711K | 50x | as long as short |
| HTX HBAR-USDT | +0.336% | +0.0100% | 8h | $73K | $54K | 20x | as long as short |
| Variational Omni HBAR | +0.386% | −0.0028% | 8h | $1.0M | $223K | — | as long as short |