Funding you earn now, next payment 06:00 UTC−0.0321%/8h= −35.1% APRnext payment −$0.40 per $10,000 · paid last 24h −0.393%
Price spread now: Injective against GMX+0.651%57s7-day average −0.116% · 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)−0.865%−$86 on $10k
+Price spread, last 4 days (all we have)−1.163%−$116 · spread now +0.651%, 7d avg −0.116%
=The price spread pays, funding is against you. Injective is 0.767% dearer against GMX than usual: you sell high and buy low (spread +0.651% now, against its 7-day average of −0.116%): +$77 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 3 days (−0.865% in total) that is about 3.0 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HBAR/USD [WBTC.b-USDC] | 0.09222 | L +0.0354% / S −0.0254% | pay 0.0044% / 1h | 20m 06s | $82K | — | 100x |
| Short | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | get 0.0004% / 1h | 20m 06s | $1K | $103K | 12x |
GMX HBAR/USD [WBTC.b-USDC]
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$67.4
- Price spread: +0.651% → −0.116%
- $76.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$2.71
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Injective: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
GMX and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0351% | 1h | 0.09229 | +0.076% | $33K | $201K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09213 | −0.101% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09222 | −0.004% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09282 | +0.651% | $1K | $103K | 12x | |
| ApeX Omni HBARUSDT | +0.0038% | 1h | 0.09148 | −0.802% | $149K | $708K | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0075% | 1h | 0.09226 | +0.043% | $508K | $177K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09215 | −0.076% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09203 | −0.206% | $218K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09219 | −0.033% | $557K | $614K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09237 | +0.160% | $8.6M | $3.7M | 5x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
ApeX Omni HBARUSDT
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09230 | +0.088% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09227 | +0.054% | $33.8M | $111.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09229 | +0.076% | $31.9M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09224 | +0.022% | $6.5M | $25.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09225 | +0.033% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09223 | +0.011% | $24.6M | $19.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09222 | 0.000% | $7.3M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09227 | +0.054% | $17.0M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09225 | +0.033% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09195 | −0.294% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09147 | −0.816% | $369K | $2.9M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09219 | −0.033% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09230 | +0.087% | $70K | $69K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09220 | −0.022% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09214 | −0.086% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09188 | −0.369% | $1.4M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0246% | 1h | 0.09223 | +0.007% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]long | L +0.0354% / S −0.0254% | 1h | 0.09222 | long leg | $82K | — | 100x |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD