Funding you earn now, next payment 04:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.128%
Price spread now: Variational Omni against GMX−0.035%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.035% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HBAR/USD [WBTC.b-USDC] | 0.09146 | L +0.0345% / S −0.0242% | pay 0.0043% / 1h | 50m 54s | $79K | — | 100x |
| Short | Variational Omni HBAR | 0.09143 | 0.0079 | get 0.0079% / 8h | 4h 50m | $1.0M | $187K | — |
GMX HBAR/USD [WBTC.b-USDC]
Variational Omni HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$55.84
- Price spread: −0.035% → 0.000%
- −$3.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$71.33
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 3.80 bp | doesn't fit | 19.0 bp −$190 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09161 | +0.161% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09149 | +0.032% | $504K | $168K | 50x | as long as short |
| KuCoin HBARUSDTM | +0.0002% | 8h | 0.09153 | +0.075% | $7.1M | $7.2M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09146 | −0.005% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.486% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0046% | 8h | 0.09143 | −0.034% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09154 | +0.086% | $215K | $2.1M | 50x | as long as short |
| Variational Omni HBARshort | +0.0079% | 8h | 0.09143 | −0.035% | $1.0M | $187K | — | |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09142 | −0.045% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09142 | −0.045% | $555K | $593K | 5x | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
KuCoin HBARUSDTM
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | +0.0099% | 1h | 0.09148 | +0.021% | $36K | $168K | 15x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09158 | +0.134% | $8.6M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09152 | +0.061% | $209K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09155 | +0.093% | $33.7M | $104.8M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09152 | +0.065% | $32.4M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09158 | +0.130% | $6.6M | $24.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09155 | +0.097% | $25.5M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09156 | +0.108% | $16.9M | $15.1M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09154 | +0.086% | — | $6.1M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09208 | +0.680% | $369K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09208 | +0.677% | $147K | $715K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09144 | −0.023% | $424 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09165 | +0.207% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09149 | +0.032% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09153 | +0.081% | $47K | $273K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09145 | −0.012% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]long | L +0.0345% / S −0.0242% | 1h | 0.09146 | long leg | $79K | — | 100x | |
| Kraken Futures PF_HBARUSD | +0.0396% | 1h | 0.09151 | +0.052% | $1.4M | $2.5M | 50x | as long as short |
Backpack HBAR_USDC_PERP
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD