Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Backpack against Bybit+0.054%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.054%, 7d avg +0.040%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HBARUSDT | 0.09241 | 0.0100 | pay 0.0100% / 8h | 3h 01m | $32.4M | $35.6M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09246 | 0.0100 | get 0.0013% / 1h | 1m 04s | $33K | $202K | 15x |
Bybit HBARUSDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bybit. 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
- $0
- Price spread: +0.054% → +0.040%
- $1.39
- Slippage, 4 orders
- −$17.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$37.1
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Backpack: live order book, 52 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 Bybit live order book, 3 min ago | 0.54 bp | 9.6 bp −$10 | 20.3 bp −$203 | 70.4 bp −$7,043 | doesn't fit |
| Sell Backpack live order book, 52 min ago | 1.06 bp | 8.3 bp −$8 | 599.0 bp −$5,990 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09246 | +0.056% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09242 | +0.007% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.444% | $1K | $105K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0074% | 1h | 0.09249 | +0.087% | $509K | $192K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09240 | −0.011% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09243 | +0.022% | $219K | $2.4M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09244 | +0.032% | $559K | $620K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09246 | +0.049% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09239 | −0.021% | $34.0M | $111.5M | 75x | as long as short |
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09241 | long leg | $32.4M | $35.6M | 75x |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09243 | +0.022% | $6.5M | $25.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09241 | 0.000% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09242 | +0.011% | $25.5M | $19.9M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09247 | +0.065% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09241 | 0.000% | $16.9M | $15.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09245 | +0.043% | — | $6.6M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09246 | +0.054% | $33K | $202K | 15x | |
| Variational Omni HBAR | +0.0100% | 8h | 0.09241 | −0.001% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09276 | +0.379% | $380K | $2.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09262 | +0.227% | $151K | $709K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09242 | +0.011% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09268 | +0.292% | $70K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09247 | +0.065% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09239 | −0.027% | $47K | $231K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09238 | −0.032% | $1.5M | $5.5M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0363% | 1h | 0.09246 | +0.056% | $1.3M | $3.0M | 50x | as long as short |
| Hyperliquid HBAR | +0.0517% | 1h | 0.09258 | +0.188% | $8.6M | $3.7M | 5x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0617% / S −0.0663% | 1h | 0.09245 | +0.049% | $157K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
Hyperliquid HBAR
GMX HBAR/USD [WBTC.b-USDC]