Funding you earn now, next payment 09:00 UTC+0.0205%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.087%
Price spread now: GMX against Deribit−0.091%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. GMX is 0.091% cheaper against Deribit than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 36 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09663 | 0.0164 | pay 0.0021% / 1h | 14m 33s | $532K | $177K | 50x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09654 | L +0.0371% / S −0.0369% | get 0.0046% / 1h | 14m 33s | $78K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- $43.04
- Price spread: −0.091% → 0.000%
- −$9.11
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $14.94
- Costs to cover
- 0.190%
- Break-even
- 4.6 days
Slippage unknown: Deribit: live order book, 19 min ago; GMX: 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 Deribit live order book, 19 min ago | 6.26 bp | 9.8 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09657 | −0.058% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −3.943% | $1K | $96K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0088% | 8h | 0.09656 | −0.072% | $1K | $13K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09660 | −0.031% | $231K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09683 | +0.207% | $584K | $611K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09686 | +0.235% | $231K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09680 | +0.171% | $36.7M | $114.7M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09678 | +0.155% | $33.9M | $37.3M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09678 | +0.155% | $6.8M | $27.3M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09680 | +0.176% | $2.5M | $2.9M | 75x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09669 | +0.062% | $27.3M | $20.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09686 | +0.238% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09675 | +0.124% | $18.2M | $17.6M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09682 | +0.197% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09654 | −0.093% | $38K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09679 | +0.167% | $1.1M | $174K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09598 | −0.672% | $390K | $3.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09649 | −0.145% | $156K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09658 | −0.052% | $448 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09673 | +0.103% | $74K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09656 | −0.072% | $2.5M | $2.9M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09681 | +0.191% | $50K | $305K | 10x | as long as short |
| Hyperliquid HBAR | +0.0126% | 1h | 0.09685 | +0.228% | $9.1M | $4.0M | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0164% | 1h | 0.09663 | long leg | $532K | $177K | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09668 | +0.052% | $1.6M | $6.0M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0281% | 1h | 0.09668 | +0.050% | $1.4M | $3.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]short | L +0.0371% / S −0.0369% | 1h | 0.09654 | −0.091% | $78K | — | 100x | |
| dYdX HBAR-USD | +0.2125% | 1h | 0.09681 | +0.189% | $38K | $18K | 5x | as long as short |
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Hyperliquid HBAR
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD