Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Bitget+0.134%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.134% dearer against Bitget than usual: you sell high and buy low (spread +0.134% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HBARUSDT	0.09500	0.0100	pay 0.0100% / 8h	18m 26s	$17.5M	$16.2M	75x
Short	gTrade (Gains Network) HBAR/USD	0.09513	L +0.0007% / S −0.0008%	get 0.0001% / 1h	18m 26s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.134%Rate

Funding earned: −$19.37
Price spread: +0.134% → 0.000%: $13.38
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$27.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Bitget live order book, 5 min ago	0.53 bp	11.8 bp −$12	15.4 bp −$154	58.3 bp −$5,834	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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
Kraken Futures PF_HBARUSD	−0.0143%	1h	0.09508	+0.085%	$1.4M	$2.9M	50x	as long as short
gTrade (Gains Network) HBAR/USDshort	L +0.0007% / S −0.0008%	1h	0.09513	+0.134%	$11K	—	150x
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	−2.295%	$1K	$103K	12x	as long as short
Orderly PERP_HBAR_USDC	+0.0080%	8h	0.09498	−0.021%	$2K	$12K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0080%	1h	0.09443	−0.600%	$213K	$2.4M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09504	+0.042%	$572K	$600K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09531	+0.324%	$8.9M	$3.6M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09516	+0.164%	$205K	$323K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09512	+0.130%	$35.4M	$112.2M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09503	+0.032%	$32.8M	$36.0M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09501	+0.011%	$6.7M	$25.6M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09518	+0.189%	$2.5M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09519	+0.200%	$26.5M	$20.1M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09518	+0.189%	$7.6M	$7.4M	75x	as long as short
Bitget HBARUSDTlong	+0.0100%	8h	0.09500	long leg	$17.5M	$16.2M	75x
BingX HBAR-USDC	+0.0100%	8h	0.09511	+0.116%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09507	+0.074%	$38K	$197K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09429	−0.749%	$1.0M	$178K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09429	−0.743%	$382K	$3.2M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09391	−1.147%	$153K	$700K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09497	−0.032%	$441	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09494	−0.063%	$72K	$71K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09498	−0.021%	$2.4M	$2.4M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09502	+0.019%	$49K	$307K	10x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0171%	1h	0.09509	+0.095%	$524K	$178K	50x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09503	+0.032%	$1.5M	$5.8M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0365% / S −0.0262%	1h	0.09509	+0.096%	$86K	—	100x	as long as short
dYdX HBAR-USD	+0.2125%	1h	0.09505	+0.054%	$31K	$9K	5x	as long as short