Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.007%

Price spread now: MEXC against gTrade (Gains Network)−0.039%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on MEXC

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

Funding pays, the price is against you. MEXC is 0.039% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HBAR/USD	0.09141	L +0.0007% / S −0.0011%	pay 0.0001% / 1h	25m 43s	$9K	—	150x
Short	MEXC HBAR_USDT	0.09137	0.0100	get 0.0100% / 8h	2h 25m	$24.6M	$19.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $19.59
Price spread: −0.039% → 0.000%: −$3.86
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $5.73
Costs to cover: 0.100%
Break-even: 5.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.55 bp	3.7 bp −$4	8.7 bp −$87	36.0 bp −$3,605	115.2 bp −$57.6K

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
Backpack HBAR_USDC_PERP	−0.0316%	1h	0.09141	+0.005%	$32K	$203K	15x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09160	+0.215%	$30K	$4K	5x	as long as short
gTrade (Gains Network) HBAR/USDlong	L +0.0007% / S −0.0011%	1h	0.09141	long leg	$9K	—	150x
ApeX Omni HBARUSDT	+0.0007%	1h	0.09163	+0.246%	$149K	$710K	50x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	+1.548%	$1K	$103K	12x	as long as short
Orderly PERP_HBAR_USDC	+0.0078%	8h	0.09136	−0.050%	$2K	$14K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0088%	1h	0.09142	+0.016%	$217K	$2.3M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09153	+0.136%	$553K	$612K	5x	as long as short
Gate HBAR_USDT	+0.0097%	8h	0.09137	−0.039%	$2.4M	$2.8M	75x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09157	+0.176%	$8.6M	$3.6M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HBARUSDT	+0.0100%	8h	0.09160	+0.214%	$197K	$335K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09158	+0.191%	$33.6M	$111.1M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09158	+0.191%	$31.8M	$35.6M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09158	+0.191%	$6.5M	$25.1M	50x	as long as short
MEXC HBAR_USDTshort	+0.0100%	8h	0.09137	−0.039%	$24.6M	$19.5M	200x
KuCoin HBARUSDTM	+0.0100%	8h	0.09144	+0.038%	$7.2M	$7.4M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09150	+0.104%	$16.9M	$15.8M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09144	+0.038%	—	$6.7M	—	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09140	−0.006%	$1.0M	$188K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09154	+0.151%	$370K	$2.9M	10x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09138	−0.028%	$424	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09154	+0.147%	$69K	$69K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09141	+0.005%	$2.1M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09134	−0.076%	$47K	$230K	10x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0187%	1h	0.09147	+0.071%	$504K	$177K	50x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09135	−0.060%	$1.4M	$5.6M	90x	as long as short
Kraken Futures PF_HBARUSD	+0.0248%	1h	0.09142	+0.021%	$1.3M	$2.9M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0353% / S −0.0254%	1h	0.09141	+0.010%	$81K	—	100x	as long as short