Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0760%/8hpaid last 24h −0.550%

Price spread now: Injective against Gate+0.209%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.846%−$85 on $10k

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. Injective is 0.209% dearer against Gate than usual: you sell high and buy low (spread +0.209% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HBAR_USDT	0.09082	−0.0065	get 0.0065% / 8h	4h 07m	$2.4M	$3.7M	75x
Short	Injective HBAR/USDC PERP	0.09101	−0.0825	pay 0.0103% / 1h	7m 09s	$2K	$60K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee InjectivebpOrdersPrice spread, now +0.209%Rate

Funding earned: −$159.69
Price spread: +0.209% → 0.000%: $20.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$153.79
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 min ago; Injective: 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 Gate live order book, 5 min ago	4.41 bp	15.6 bp −$16	45.2 bp −$452	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective HBAR/USDC PERPshort	−0.0825%	1h	0.09101	+0.209%	$2K	$60K	12x
Gate HBAR_USDTlong	−0.0065%	8h	0.09082	long leg	$2.4M	$3.7M	75x
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09079	−0.033%	$500K	$152K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0014%	1h	0.09079	−0.028%	$8K	—	150x	as long as short
Backpack HBAR_USDC_PERP	+0.0026%	1h	0.09075	−0.077%	$30K	$128K	15x	as long as short
MEXC HBAR_USDT	+0.0029%	8h	0.09072	−0.110%	$23.2M	$24.0M	200x	as long as short
Binance HBARUSDT	+0.0030%	8h	0.09073	−0.102%	$34.5M	$110.0M	75x	as long as short
KuCoin HBARUSDTM	+0.0030%	8h	0.09073	−0.099%	$7.4M	$8.2M	75x	as long as short
Extended HBAR-USD	+0.0032%	1h	0.09072	−0.111%	$46K	$205K	10x	as long as short
Variational Omni HBAR	+0.0051%	8h	0.09071	−0.116%	$999K	$207K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HBAR_USDT_Perp	+0.0070%	8h	0.09087	+0.060%	$370K	$1.8M	10x	as long as short
Orderly PERP_HBAR_USDC	+0.0070%	8h	0.09072	−0.110%	$3K	$17K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09073	−0.099%	$557K	$590K	5x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0096%	1h	0.09085	+0.033%	$214K	$2.2M	50x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09087	+0.056%	$8.7M	$3.0M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09078	−0.049%	$213K	$442K	50x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09072	−0.110%	$32.5M	$37.1M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09073	−0.099%	$6.8M	$24.3M	50x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09076	−0.066%	$16.8M	$14.5M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09075	−0.077%	—	$6.7M	—	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09088	+0.066%	$145K	$701K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09072	−0.110%	$421	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09096	+0.154%	$71K	$53K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09073	−0.099%	$2.2M	$2.1M	50x	as long as short
BloFin HBAR-USDT	+0.0118%	8h	0.09075	−0.077%	$1.5M	$5.5M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0439% / S −0.0472%	1h	0.09079	−0.037%	$101K	—	100x	as long as short
Kraken Futures PF_HBARUSD	+0.0472%	1h	0.09083	+0.008%	$1.4M	$2.4M	50x	as long as short
dYdX HBAR-USD	+0.2085%	1h	0.09088	+0.064%	$29K	$4K	5x	as long as short