Funding you earn now, next payment 02:00 UTC−0.0305%/8h= −33.4% APRnext payment −$0.38 per $10,000 · paid last 24h −0.093%
Price spread now: Deribit against GMX+0.029%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.310%−$31 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.029%, 7d avg +0.031%
=The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HBAR/USD [WBTC.b-USDC] | 0.09254 | L +0.0487% / S −0.0549% | pay 0.0061% / 1h | 24m 55s | $115K | — | 100x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09257 | 0.0182 | get 0.0023% / 1h | 24m 55s | $510K | $153K | 50x |
GMX HBAR/USD [WBTC.b-USDC]
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$64.09
- Price spread: +0.029% → +0.031%
- −$0.2
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$83.28
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 44 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 Deribit live order book, 44 min ago | 4.28 bp | 7.8 bp −$8 | 15.4 bp −$154 | 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 on 27 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 | −0.0066% | 8h | 0.09243 | −0.122% | $7.2M | $7.4M | 75x | as long as short |
| ApeX Omni HBARUSDT | −0.0059% | 1h | 0.09215 | −0.425% | $147K | $723K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09240 | −0.155% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09254 | −0.007% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.299% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0054% | 8h | 0.09245 | −0.100% | $2.4M | $3.0M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09241 | −0.144% | $218K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0066% | 8h | 0.09236 | −0.198% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09257 | +0.031% | $1.4M | $2.4M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09239 | −0.161% | $47K | $278K | 10x | as long as short |
KuCoin HBARUSDTM
ApeX Omni HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Kraken Futures PF_HBARUSD
Extended HBAR-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0073% | 8h | 0.09241 | −0.144% | $26.2M | $22.0M | 200x | as long as short |
| Binance HBARUSDT | +0.0074% | 8h | 0.09244 | −0.111% | $34.3M | $104.5M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0075% | 8h | 0.09248 | −0.068% | $2K | $17K | 10x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0088% | 8h | 0.09236 | −0.199% | $379K | $2.2M | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09248 | −0.068% | $562K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09256 | +0.016% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09246 | −0.093% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09243 | −0.122% | $32.8M | $34.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09240 | −0.155% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09241 | −0.144% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09244 | −0.111% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09247 | −0.079% | $32K | $120K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09249 | −0.057% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09256 | +0.018% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09248 | −0.068% | $2.1M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0182% | 1h | 0.09257 | +0.029% | $510K | $153K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC]long | L +0.0487% / S −0.0549% | 1h | 0.09254 | long leg | $115K | — | 100x |
MEXC HBAR_USDT
Binance HBARUSDT
Orderly PERP_HBAR_USDC
GRVT HBAR_USDT_Perp
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT