Spread before costs (cost unknown: a leg has no order-book sample)−0.022%
7d average—if it closes, per $10,000$2funding while held, a day+$1.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_HBAR_USDC | 0.09185 | 0.0049 | pay 0.0049% / 8h | 7h 06m | $5K | $17K | 10x |
| Short | Backpack HBAR_USDC_PERP | 0.09183 | 0.0100 | get 0.0013% / 1h | 6m 50s | $30K | $145K | 15x |
Orderly PERP_HBAR_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
- −$2.18
- Funding while held
- $1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$16.63
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 38 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0051%
- Per $10,000 a day
- +$1.54
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 38 min ago | 1.62 bp | 7.1 bp −$7 | 298.7 bp −$2,987 | doesn't fit | doesn't fit |
Orderly: 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.Extended0.09174cheapestLighter0.09180+0.065%BloFin0.09181+0.075%KuCoin0.09182+0.086%SoDEX0.09182+0.086%MEXC0.09183+0.097%
Extended
Lighter
BloFin
KuCoin
SoDEX
MEXCBackpack0.09183+0.097%
Gate0.09185+0.119%
GateOrderly0.09185+0.119%
Phemex0.09185+0.119%Aster0.09186+0.131%Binance0.09188+0.152%Bybit0.09188+0.152%BingX0.09188+0.152%Injective0.09189+0.163%OKX0.09191+0.184%Hyperliquid0.09191+0.188%GMX0.09192+0.191%gTrade (Gains Network)0.09192+0.199%Kraken Futures0.09194+0.216%Bitget0.09194+0.217%Deribit0.09195+0.228%HTX0.09199+0.272%dYdX0.09200+0.282%Coinbase International0.09208+0.370%ApeX Omni0.09218+0.479%Variational Omni0.09227+0.581%
Phemex
Aster
Binance
Bybit
BingX
Injective
OKX
Hyperliquid
GMX
gTrade (Gains Network)
Kraken Futures
Bitget
Deribit
HTX
dYdX
Coinbase International
ApeX Omni
Variational OmniHBAR on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | −0.119% | −0.0008% | 1h | $52K | $207K | 10x | as long as short |
| Lighter HBAR | −0.054% | +0.0096% | 1h | $563K | $600K | 5x | as long as short |
| BloFin HBAR-USDT | −0.044% | +0.0115% | 8h | $1.5M | $9.7M | 90x | as long as short |
| KuCoin HBARUSDTM | −0.033% | +0.0100% | 8h | $7.4M | $8.6M | 75x | as long as short |
| SoDEX HBAR-USD | −0.033% | +0.0100% | 1h | $426 | $6K | 5x | as long as short |
| MEXC HBAR_USDT | −0.022% | −0.0004% | 8h | $32.0M | $26.5M | 200x | as long as short |
| Backpack HBAR_USDC_PERPshort | −0.022% | +0.0100% | 1h | $30K | $145K | 15x | |
| Gate HBAR_USDT | 0.000% | +0.0100% | 8h | $2.5M | $3.7M | 75x | as long as short |
| Orderly PERP_HBAR_USDClong | 0.000% | +0.0049% | 8h | $5K | $17K | 10x | |
| Phemex HBARUSDT | 0.000% | +0.0100% | 8h | $2.2M | $2.2M | 50x | as long as short |