Spread before costs (cost unknown: a leg has no order-book sample)−0.002%
7d average−0.018%if it closes, per $10,000$0funding while held, a day−$14.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HBAR/USD [WBTC.b-USDC] | 0.09120 | L +0.0437% / S −0.0464% | pay 0.0055% / 1h | 24m 30s | $100K | — | 100x |
| Short | Backpack HBAR_USDC_PERP | 0.09120 | −0.0036 | pay 0.0005% / 1h | 24m 30s | $29K | $143K | 15x |
GMX HBAR/USD [WBTC.b-USDC]
Backpack HBAR_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.22
- Funding while held
- −$14.22
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$36.43
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0474%
- Per $10,000 a day
- −$14.22
- Average in range /8h
- —
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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 15 min ago | 1.65 bp | 7.0 bp −$7 | 220.2 bp −$2,202 | doesn't fit | doesn't fit |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.09064cheapestInjective0.09103+0.430%Variational Omni0.09107+0.474%Aster0.09110+0.503%BloFin0.09114+0.552%Lighter0.09115+0.563%Orderly0.09116+0.574%SoDEX0.09116+0.574%KuCoin0.09117+0.585%Phemex0.09117+0.585%OKX0.09120+0.618%Gate0.09120+0.618%
ApeX Omni
Injective
Variational Omni
Aster
BloFin
Lighter
Orderly
SoDEX
KuCoin
Phemex
OKX
GateBackpack0.09120+0.618%
gTrade (Gains Network)0.09120+0.620%
gTrade (Gains Network)GMX0.09120+0.620%
Bybit0.09121+0.629%MEXC0.09121+0.629%Extended0.09121+0.629%dYdX0.09122+0.643%Binance0.09122+0.644%Coinbase International0.09123+0.651%Bitget0.09124+0.662%BingX0.09124+0.662%Deribit0.09128+0.706%HTX0.09128+0.706%Kraken Futures0.09130+0.732%Hyperliquid0.09132+0.749%
Bybit
MEXC
Extended
dYdX
Binance
Coinbase International
Bitget
BingX
Deribit
HTX
Kraken Futures
HyperliquidHBAR on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.616% | +0.0100% | 1h | $167K | $699K | 50x | as long as short |
| Injective HBAR/USDC PERP | −0.189% | −0.0243% | 1h | $5K | $65K | 12x | as long as short |
| Variational Omni HBAR | −0.145% | −0.0004% | 8h | $1.0M | $201K | — | as long as short |
| Aster HBARUSDT | −0.116% | +0.0100% | 8h | $213K | $466K | 50x | as long as short |
| BloFin HBAR-USDT | −0.068% | +0.0107% | 8h | $1.5M | $7.4M | 90x | as long as short |
| Lighter HBAR | −0.057% | +0.0096% | 1h | $560K | $593K | 5x | as long as short |
| Orderly PERP_HBAR_USDC | −0.046% | +0.0054% | 8h | $3K | $19K | 10x | as long as short |
| SoDEX HBAR-USD | −0.046% | +0.0100% | 1h | $423 | $6K | 5x | as long as short |
| KuCoin HBARUSDTM | −0.035% | +0.0100% | 8h | $7.3M | $8.6M | 75x | as long as short |
| Phemex HBARUSDT | −0.035% | +0.0100% | 8h | $2.2M | $2.2M | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | −0.002% | +0.0100% | 8h | $6.9M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | −0.002% | +0.0100% | 8h | $2.4M | $3.7M | 75x | as long as short |
| Backpack HBAR_USDC_PERPshort | −0.002% | −0.0036% | 1h | $29K | $143K | 15x | |
| gTrade (Gains Network) HBAR/USD | 0.000% | L +0.0007% / S −0.0014% | 1h | $8K | — | 150x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]long | 0.000% | L +0.0437% / S −0.0464% | 1h | $100K | — | 100x | |
| Bybit HBARUSDT | +0.009% | +0.0100% | 8h | $32.9M | $38.4M | 75x | as long as short |
| MEXC HBAR_USDT | +0.009% | −0.0012% | 8h | $33.0M | $24.4M | 200x | as long as short |
| Extended HBAR-USD | +0.009% | −0.0016% | 1h | $46K | $212K | 10x | as long as short |
| dYdX HBAR-USD | +0.023% | 0.0000% | 1h | $29K | $4K | 5x | as long as short |
| Binance HBARUSDT | +0.024% | −0.0013% | 8h | $34.9M | $112.5M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.031% | +0.0096% | 1h | $207K | $2.4M | 50x | as long as short |
| Bitget HBARUSDT | +0.042% | +0.0100% | 8h | $16.8M | $14.3M | 75x | as long as short |
| BingX HBAR-USDC | +0.042% | −0.0013% | 8h | — | $6.6M | — | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.086% | +0.0517% | 1h | $503K | $152K | 50x | as long as short |
| HTX HBAR-USDT | +0.086% | +0.0100% | 8h | $72K | $53K | 20x | as long as short |
| Kraken Futures PF_HBARUSD | +0.111% | +0.0233% | 1h | $1.4M | $2.4M | 50x | as long as short |
| Hyperliquid HBAR | +0.128% | +0.0100% | 1h | $8.8M | $3.0M | 5x | as long as short |