HBAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0419%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h +0.021%

Price spread now: Kraken Futures against GMX+0.134%54s7-day average +0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.134%, 7d avg +0.038%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.096% dearer against GMX than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.038%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 3 days (−0.072% in total) that is about 4.3 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.072% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HBAR/USD [WBTC.b-USDC]	0.09246	L +0.0487% / S −0.0549%	pay 0.0061% / 1h	21m 21s	$115K	—	100x
Short	Kraken Futures PF_HBARUSD	0.09259	0.0069	get 0.0009% / 1h	21m 21s	$1.4M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$87.89
Price spread: +0.134% → +0.038%: $9.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$100.34
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	4.87 bp	11.0 bp −$11	14.4 bp −$144	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	−0.0064%	8h	0.09248	+0.017%	$7.2M	$7.4M	75x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09251	+0.046%	$30K	$4K	5x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0014%	1h	0.09248	+0.013%	$8K	—	150x	as long as short
ApeX Omni HBARUSDT	+0.0010%	1h	0.09250	+0.039%	$148K	$713K	50x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	+0.385%	$1K	$106K	12x	as long as short
Gate HBAR_USDT	+0.0054%	8h	0.09248	+0.017%	$2.4M	$3.0M	75x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0064%	1h	0.09267	+0.223%	$220K	$2.1M	50x	as long as short
Variational Omni HBAR	+0.0066%	8h	0.09236	−0.113%	$1.0M	$187K	—	as long as short
Kraken Futures PF_HBARUSDshort	+0.0069%	1h	0.09259	+0.134%	$1.4M	$2.4M	50x
Extended HBAR-USD	+0.0072%	1h	0.09245	−0.019%	$47K	$278K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC HBAR_USDT	+0.0075%	8h	0.09246	−0.004%	$26.1M	$22.0M	200x	as long as short
Orderly PERP_HBAR_USDC	+0.0075%	8h	0.09242	−0.048%	$2K	$17K	10x	as long as short
Binance HBARUSDT	+0.0076%	8h	0.09245	−0.016%	$34.3M	$104.6M	75x	as long as short
Lighter HBAR	+0.0096%	1h	0.09247	+0.006%	$562K	$596K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09257	+0.117%	$8.9M	$2.7M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09247	+0.004%	$211K	$322K	50x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09241	−0.058%	$32.8M	$34.6M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09243	−0.037%	$6.7M	$24.5M	50x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09245	−0.015%	$17.1M	$14.9M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09246	−0.004%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09255	+0.093%	$32K	$120K	15x	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09248	+0.017%	$379K	$2.2M	10x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09252	+0.061%	$429	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09270	+0.255%	$71K	$66K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09258	+0.125%	$2.2M	$2.2M	50x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0182%	1h	0.09263	+0.180%	$510K	$151K	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]long	L +0.0487% / S −0.0549%	1h	0.09246	long leg	$115K	—	100x