Funding you earn now, next payment 11:00 UTC+0.0322%/8h= +35.3% APRnext payment +$0.40 per $10,000 · paid last 24h +0.071%
Price spread now: Kraken Futures against Backpack+0.055%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.055%, 7d avg +0.053%
=The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09464 | 0.0100 | pay 0.0013% / 1h | 56m 13s | $36K | $201K | 15x |
| Short | Kraken Futures PF_HBARUSD | 0.09469 | 0.0422 | get 0.0053% / 1h | 56m 13s | $1.4M | $3.7M | 50x |
Backpack HBAR_USDC_PERP
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $67.63
- Price spread: +0.055% → +0.053%
- $0.14
- Slippage, 4 orders
- −$24.57
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $23.21
- Costs to cover
- 0.446%
- Break-even
- 4.6 days
Slippage from Backpack: live order book, 55 min ago; Kraken Futures: live order book, 1 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, 55 min ago | 1.55 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.28 bp | 12.0 bp −$12 | 21.4 bp −$214 | doesn't fit | doesn't fit |
HBAR on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0072% | 1h | 0.09663 | +2.103% | $5K | $101K | 12x | as long as short |
| ApeX Omni HBARUSDT | −0.0062% | 1h | 0.09481 | +0.180% | $153K | $701K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09469 | +0.051% | $11K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0067% | 1h | 0.09467 | +0.032% | $521K | $209K | 50x | as long as short |
| Gate HBAR_USDT | +0.0090% | 8h | 0.09464 | 0.000% | $2.5M | $2.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09457 | −0.074% | $1K | $9K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09464 | 0.000% | $575K | $545K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09472 | +0.087% | $8.7M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09469 | +0.050% | $202K | $375K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09461 | −0.032% | $35.8M | $114.6M | 75x | as long as short |
Injective HBAR/USDC PERP
ApeX Omni HBARUSDT
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09461 | −0.032% | $33.4M | $37.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09465 | +0.011% | $6.6M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09461 | −0.032% | $27.3M | $20.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09467 | +0.032% | $7.2M | $7.2M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09466 | +0.021% | $17.9M | $18.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09460 | −0.042% | — | $7.7M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09464 | long leg | $36K | $201K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09449 | −0.156% | $1.0M | $137K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09477 | +0.139% | $389K | $3.7M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09466 | +0.021% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09473 | +0.095% | $72K | $64K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09463 | −0.011% | $2.5M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09456 | −0.087% | $50K | $307K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0192% | 1h | 0.09467 | +0.032% | $222K | $2.9M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09455 | −0.095% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09466 | +0.021% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0422% | 1h | 0.09469 | +0.055% | $1.4M | $3.7M | 50x | |
| dYdX HBAR-USD | +0.1006% | 1h | 0.09462 | −0.023% | $40K | $21K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD