Funding you earn now, next payment 01:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.093%
Price spread now: BingX against GMX−0.106%7-day average −0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.106%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BingX is 0.050% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HBAR/USD [WBTC.b-USDC] | 0.09273 | L +0.0493% / S −0.0529% | pay 0.0062% / 1h | 38m 53s | $119K | — | 100x |
| Short | BingX HBAR-USDT | 0.09263 | 0.0100 | get 0.0100% / 8h | 7h 38m | — | $5.9M | — |
GMX HBAR/USD [WBTC.b-USDC]
BingX HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against GMX. 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
- −$82.48
- Price spread: −0.106% → −0.055%
- −$5.03
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$109.51
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BingX: live order book, 6 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 GMX no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 6 min ago | 1.62 bp | 10.6 bp −$11 | 18.2 bp −$182 | 55.2 bp −$5,517 | 265.7 bp −$132.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT HBAR_USDT_Perp | −0.0097% | 8h | 0.09291 | +0.191% | $375K | $2.2M | 10x | as long as short |
| KuCoin HBARUSDTM | −0.0083% | 8h | 0.09262 | −0.116% | $7.3M | $7.8M | 75x | as long as short |
| ApeX Omni HBARUSDT | −0.0082% | 1h | 0.09287 | +0.153% | $149K | $718K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09285 | +0.129% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09270 | −0.030% | $510K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09276 | +0.037% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.063% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09274 | +0.013% | $228K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0058% | 1h | 0.09270 | −0.032% | $1.4M | $2.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0071% | 8h | 0.09260 | −0.138% | $26.2M | $22.3M | 200x | as long as short |
GRVT HBAR_USDT_Perp
KuCoin HBARUSDTM
ApeX Omni HBARUSDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni HBAR | +0.0071% | 8h | 0.09283 | +0.111% | $1.0M | $202K | — | as long as short |
| Binance HBARUSDT | +0.0071% | 8h | 0.09259 | −0.149% | $34.6M | $109.7M | 75x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09259 | −0.149% | $56K | $297K | 10x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09264 | −0.095% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09262 | −0.116% | $568K | $552K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09283 | +0.112% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09274 | +0.010% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09262 | −0.116% | $32.9M | $36.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09262 | −0.116% | $6.8M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09272 | −0.009% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09262 | −0.116% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDTshort | +0.0100% | 8h | 0.09263 | −0.106% | — | $5.9M | — | |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09269 | −0.041% | $36K | $103K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09262 | −0.116% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09283 | +0.110% | $73K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09264 | −0.095% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09260 | −0.138% | $1.4M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]long | L +0.0493% / S −0.0529% | 1h | 0.09273 | long leg | $119K | — | 100x |
Variational Omni HBAR
Binance HBARUSDT
Extended HBAR-USD
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT