Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.071%
Price spread now: GMX against BloFin−0.099%51s7-day average +0.029% · 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)+0.157%+$16 on $10k
+Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.099%, 7d avg +0.029%
=Funding pays, the price is against you. GMX is 0.128% cheaper against BloFin than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.029%). If the spread goes back, that is −$13 on $10k: about 40 hours of funding at the current rate (+$8 a day). The two prices were read 51 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 | BloFin HBAR-USDT | 0.09288 | 0.0220 | pay 0.0220% / 8h | 40m 14s | $1.5M | $5.8M | 90x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09279 | L +0.0448% / S −0.0478% | get 0.0060% / 1h | 40m 14s | $104K | — | 100x |
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- $54.2
- Price spread: −0.099% → +0.029%
- −$12.78
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $17.41
- Costs to cover
- 0.240%
- Break-even
- 4.8 days
Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 2.69 bp | 9.1 bp −$9 | 13.9 bp −$139 | 35.6 bp −$3,563 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0033% | 8h | 0.09273 | −0.161% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0015% | 8h | 0.09280 | −0.086% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09279 | −0.093% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09282 | −0.065% | $511K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09279 | −0.092% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09293 | +0.054% | $223K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0082% | 8h | 0.09274 | −0.151% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0085% | 8h | 0.09284 | −0.039% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09274 | −0.151% | $569K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09287 | −0.009% | $8.8M | $2.8M | 5x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBAR
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 | 0.09278 | −0.111% | $212K | $429K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09274 | −0.151% | $34.8M | $110.0M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09274 | −0.151% | $33.0M | $36.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09274 | −0.151% | $6.8M | $25.1M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09275 | −0.140% | $26.2M | $22.3M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09274 | −0.151% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09274 | −0.151% | — | $6.0M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09289 | +0.011% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09288 | 0.000% | $378K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09302 | +0.151% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09274 | −0.151% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09300 | +0.129% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09276 | −0.129% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09272 | −0.175% | $51K | $218K | 10x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09288 | long leg | $1.5M | $5.8M | 90x | |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | −0.226% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0413% | 1h | 0.09281 | −0.072% | $1.4M | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]short | L +0.0448% / S −0.0478% | 1h | 0.09279 | −0.099% | $104K | — | 100x |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD