Spread before costs (cost unknown: a leg has no order-book sample)−0.105%
7d average+0.085%if it closes, per $10,000$11funding while held, a day+$5.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09031 | 0.0100 | pay 0.0013% / 1h | 53m 37s | $31K | $171K | 15x |
| Short | Hyperliquid HBAR | 0.09022 | 0.0273 | get 0.0034% / 1h | 53m 37s | $8.8M | $3.8M | 5x |
Backpack HBAR_USDC_PERP
Hyperliquid HBARPrice 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
- −$10.52
- Funding while held
- $5.2
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$24.32
- Spread needed to break even
- 0.190%
Slippage unknown: Backpack: live order book, 1 min ago; Hyperliquid: live order book, 10 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0173%
- Per $10,000 a day
- +$5.20
- 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, 1 min ago | 1.66 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.49 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
HBAR price on every exchange
against the cheapest. Click to use as the short leg.OKX0.08984cheapestBybit0.08988+0.045%Binance0.08991+0.078%MEXC0.08992+0.089%dYdX0.08997+0.148%KuCoin0.09004+0.223%Lighter0.09010+0.289%Bitget0.09012+0.312%BingX0.09017+0.367%Extended0.09018+0.375%Gate0.09021+0.412%
OKX
Bybit
Binance
MEXC
dYdX
KuCoin
Lighter
Bitget
BingX
Extended
GateHyperliquid0.09022+0.417%
Aster0.09029+0.502%
AsterBackpack0.09031+0.523%
SoDEX0.09036+0.579%Orderly0.09039+0.612%Phemex0.09039+0.612%GMX0.09045+0.685%Deribit0.09046+0.690%gTrade (Gains Network)0.09047+0.700%Kraken Futures0.09049+0.718%BloFin0.09051+0.746%Coinbase International0.09054+0.779%HTX0.09056+0.801%Injective0.09091+1.191%Variational Omni0.09102+1.312%ApeX Omni0.09109+1.391%
SoDEX
Orderly
Phemex
GMX
Deribit
gTrade (Gains Network)
Kraken Futures
BloFin
Coinbase International
HTX
Injective
Variational Omni
ApeX OmniHBAR on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | −0.520% | +0.0100% | 8h | $7.0M | $40.3M | 50x | as long as short |
| Bybit HBARUSDT | −0.476% | +0.0100% | 8h | $32.6M | $53.0M | 75x | as long as short |
| Binance HBARUSDT | −0.443% | −0.0023% | 8h | $35.8M | $151.2M | 75x | as long as short |
| MEXC HBAR_USDT | −0.432% | −0.0023% | 8h | $27.5M | $27.0M | 200x | as long as short |
| dYdX HBAR-USD | −0.373% | 0.0000% | 1h | $29K | $11K | 5x | as long as short |
| KuCoin HBARUSDTM | −0.299% | +0.0060% | 8h | $7.5M | $9.4M | 75x | as long as short |
| Lighter HBAR | −0.233% | +0.0096% | 1h | $618K | $628K | 5x | as long as short |
| Bitget HBARUSDT | −0.210% | +0.0100% | 8h | $17.1M | $19.2M | 75x | as long as short |
| BingX HBAR-USDC | −0.155% | −0.0032% | 8h | — | $6.6M | — | as long as short |
| Extended HBAR-USD | −0.147% | −0.0024% | 1h | $48K | $219K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.111% | +0.0073% | 8h | $2.7M | $4.0M | 75x | as long as short |
| Hyperliquid HBARshort | −0.105% | +0.0273% | 1h | $8.8M | $3.8M | 5x | |
| Aster HBARUSDT | −0.021% | +0.0080% | 8h | $228K | $846K | 50x | as long as short |
| Backpack HBAR_USDC_PERPlong | 0.000% | +0.0100% | 1h | $31K | $171K | 15x | |
| SoDEX HBAR-USD | +0.055% | +0.0100% | 1h | $419 | $6K | 5x | as long as short |
| Orderly PERP_HBAR_USDC | +0.089% | +0.0049% | 8h | $5K | $22K | 10x | as long as short |
| Phemex HBARUSDT | +0.089% | +0.0100% | 8h | $2.2M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | +0.161% | L +0.0390% / S −0.0354% | 1h | $98K | — | 100x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.166% | 0.0000% | 1h | $489K | $200K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | +0.176% | L +0.0007% / S −0.0008% | 1h | $23K | — | 150x | as long as short |
| Kraken Futures PF_HBARUSD | +0.194% | +0.0641% | 1h | $1.4M | $3.4M | 50x | as long as short |
| BloFin HBAR-USDT | +0.221% | +0.0097% | 8h | $1.6M | $13.2M | 90x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.255% | +0.0064% | 1h | $208K | $4.1M | 50x | as long as short |
| HTX HBAR-USDT | +0.277% | +0.0100% | 8h | $73K | $62K | 20x | as long as short |
| Injective HBAR/USDC PERP | +0.664% | −0.0161% | 1h | $7K | $150K | 12x | as long as short |
| Variational Omni HBAR | +0.785% | −0.0144% | 8h | $1.0M | $294K | — | as long as short |
| ApeX Omni HBARUSDT | +0.864% | +0.0100% | 1h | $170K | $742K | 50x | as long as short |