Funding you earn now, next payment 06:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h +0.012%
Price spread now: Backpack against Gate+0.033%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.033%, 7d avg +0.016%
=The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.193% in total (about -10.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HBAR_USDT | 0.09226 | 0.0100 | pay 0.0100% / 8h | 2h 19m | $2.4M | $2.8M | 75x |
| Short | Backpack HBAR_USDC_PERP | 0.09229 | −0.0351 | pay 0.0044% / 1h | 19m 57s | $33K | $201K | 15x |
Gate HBAR_USDT
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- −$94.81
- Price spread: +0.033% → +0.016%
- $1.63
- Slippage, 4 orders
- −$24.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$142.48
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Backpack: live order book, 28 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 Gate live order book, 3 min ago | 2.18 bp | 17.1 bp −$17 | 58.9 bp −$589 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 28 min ago | 0.54 bp | 6.9 bp −$7 | 671.5 bp −$6,715 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERPshort | −0.0351% | 1h | 0.09229 | +0.033% | $33K | $201K | 15x | |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09213 | −0.144% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09222 | −0.048% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.607% | $1K | $103K | 12x | as long as short |
| ApeX Omni HBARUSDT | +0.0038% | 1h | 0.09148 | −0.845% | $149K | $708K | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0075% | 1h | 0.09226 | 0.000% | $508K | $177K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09215 | −0.119% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09203 | −0.249% | $218K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09219 | −0.076% | $557K | $614K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09237 | +0.117% | $8.6M | $3.7M | 5x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
ApeX Omni HBARUSDT
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09230 | +0.047% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09226 | −0.005% | $33.8M | $111.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09228 | +0.022% | $31.9M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09225 | −0.011% | $6.5M | $25.2M | 50x | as long as short |
| Gate HBAR_USDTlong | +0.0100% | 8h | 0.09226 | long leg | $2.4M | $2.8M | 75x | |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09224 | −0.022% | $24.6M | $19.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09229 | +0.033% | $7.3M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09227 | +0.011% | $17.0M | $15.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09226 | 0.000% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09195 | −0.337% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09147 | −0.859% | $369K | $2.9M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09219 | −0.076% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09230 | +0.043% | $70K | $69K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09220 | −0.065% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09223 | −0.031% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09188 | −0.412% | $1.4M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0246% | 1h | 0.09223 | −0.036% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0354% / S −0.0254% | 1h | 0.09222 | −0.043% | $82K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
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
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]