Funding you earn now, next payment 06:00 UTC+0.0563%/8h= +61.6% APRpaid last 24h +0.083%
Price spread now: GMX against Phemex−0.041%7-day average +0.033% · 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)+0.246%+$25 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.041%, 7d avg +0.033%
=Funding pays, the price is against you. GMX is 0.074% cheaper against Phemex than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.033%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$17 a day). At the pace of the last 3 days (+0.246% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09206 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $2.1M | $2.2M | 50x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09202 | L +0.0616% / S −0.0663% | get 0.0083% / 1h | 36m 08s | $156K | — | 100x |
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Phemex. 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
- $118.14
- Price spread: −0.041% → +0.033%
- −$7.41
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $86.73
- Costs to cover
- 0.240%
- Break-even
- 1.9 days
Slippage unknown: Phemex: live order book, 2 min ago; GMX: 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 Phemex live order book, 2 min ago | 2.71 bp | 18.8 bp −$19 | 32.7 bp −$327 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0160% | 1h | 0.09211 | +0.054% | $33K | $203K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09215 | +0.098% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09209 | +0.033% | $507K | $192K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09205 | −0.011% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.826% | $1K | $103K | 12x | as long as short |
| ApeX Omni HBARUSDT | +0.0034% | 1h | 0.09194 | −0.130% | $149K | $708K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09198 | −0.087% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09215 | +0.098% | $220K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09204 | −0.022% | $555K | $611K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09219 | +0.140% | $8.6M | $3.6M | 5x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
ApeX Omni HBARUSDT
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 | 0.09212 | +0.062% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09208 | +0.022% | $33.8M | $111.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09210 | +0.043% | $32.1M | $35.4M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09211 | +0.054% | $6.5M | $25.3M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09207 | +0.011% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09206 | 0.000% | $25.1M | $19.4M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09202 | −0.043% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09211 | +0.054% | $17.0M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09210 | +0.043% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09206 | 0.000% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09197 | −0.098% | $371K | $2.8M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09202 | −0.043% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09221 | +0.163% | $70K | $69K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09206 | long leg | $2.1M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09197 | −0.102% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09205 | −0.011% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0247% | 1h | 0.09207 | +0.012% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]short | L +0.0616% / S −0.0663% | 1h | 0.09202 | −0.041% | $156K | — | 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
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD