Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.018%
Price spread now: MEXC against Backpack−0.011%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.011%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.201%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09186 | 0.0100 | pay 0.0013% / 1h | 0m 11s | $32K | $120K | 15x |
| Short | MEXC HBAR_USDT | 0.09185 | 0.0083 | get 0.0083% / 8h | 6h 00m | $25.9M | $22.0M | 200x |
Backpack HBAR_USDC_PERP
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$3.57
- Price spread: −0.011% → −0.023%
- $1.21
- Slippage, 4 orders
- −$11.54
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$23.89
- Costs to cover
- 0.215%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 0.54 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.09 bp | 3.4 bp −$3 | 8.9 bp −$89 | 39.0 bp −$3,896 | 134.2 bp −$67.1K |
HBAR on 27 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 | −0.0054% | 8h | 0.09188 | +0.022% | $7.1M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09195 | +0.099% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09193 | +0.074% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.045% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0056% | 8h | 0.09185 | −0.011% | $2.4M | $3.0M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09197 | +0.120% | $223K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0065% | 8h | 0.09198 | +0.129% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09193 | +0.081% | $1.4M | $2.5M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0076% | 1h | 0.09195 | +0.098% | $506K | $151K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09188 | +0.022% | $2K | $17K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Kraken Futures PF_HBARUSD
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDTshort | +0.0083% | 8h | 0.09185 | −0.011% | $25.9M | $22.0M | 200x | |
| Binance HBARUSDT | +0.0085% | 8h | 0.09184 | −0.021% | $34.1M | $104.0M | 75x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09186 | −0.001% | $47K | $273K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09183 | −0.033% | $558K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09202 | +0.173% | $8.8M | $2.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09189 | +0.036% | $210K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09184 | −0.022% | $32.6M | $34.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09185 | −0.011% | $6.7M | $24.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09184 | −0.022% | $17.0M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09186 | 0.000% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09186 | long leg | $32K | $120K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09210 | +0.261% | $371K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09219 | +0.359% | $147K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09189 | +0.033% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09214 | +0.305% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09189 | +0.033% | $2.1M | $2.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0486% / S −0.0462% | 1h | 0.09191 | +0.059% | $119K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]