Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.609%
Price spread now: Backpack against Injective+0.917%7-day average +0.137% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.590%+$59 on $10k
+Price spread, last 3 days (all we have)−0.459%−$46 · spread now +0.917%, 7d avg +0.137%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.780% dearer against Injective than usual: you sell high and buy low: +$78 more if the spread goes back to its 7-day average of +0.137%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective HBAR/USDC PERP | 0.09267 | 0.0033 | pay 0.0004% / 1h | 8m 18s | $1K | $106K | 12x |
| Short | Backpack HBAR_USDC_PERP | 0.09352 | 0.0100 | get 0.0013% / 1h | 8m 18s | $35K | $108K | 15x |
Injective HBAR/USDC PERP
Backpack HBAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $14
- Price spread: +0.917% → +0.137%
- $78.02
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $82
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 61 min ago; Backpack: live order book, 65 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 Injective live order book, 61 min ago | 38.14 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 65 min ago | 0.54 bp | 8.3 bp −$8 | 558.9 bp −$5,589 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0078% | 8h | 0.09341 | +0.799% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09347 | +0.863% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09349 | +0.885% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERPlong | +0.0033% | 1h | 0.09267 | long leg | $1K | $106K | 12x | |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09349 | +0.885% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09349 | +0.882% | $1.4M | $2.4M | 50x | as long as short |
| Variational Omni HBAR | +0.0068% | 8h | 0.09340 | +0.787% | $1.0M | $191K | — | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0071% | 1h | 0.09353 | +0.928% | $515K | $167K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09343 | +0.820% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09343 | +0.820% | $27.3M | $22.6M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0078% | 8h | 0.09344 | +0.832% | $35.1M | $106.1M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09342 | +0.807% | $53K | $277K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09341 | +0.799% | $572K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09356 | +0.957% | $9.0M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09346 | +0.853% | $213K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09344 | +0.831% | $33.3M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09346 | +0.852% | $6.9M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09344 | +0.831% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09343 | +0.820% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09343 | +0.820% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERPshort | +0.0100% | 1h | 0.09352 | +0.917% | $35K | $108K | 15x | |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09370 | +1.116% | $376K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09340 | +0.788% | $149K | $728K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09341 | +0.799% | $434 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09373 | +1.144% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09346 | +0.852% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0197% | 8h | 0.09346 | +0.852% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0496% / S −0.0562% | 1h | 0.09349 | +0.887% | $118K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]