Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0506%/8h= −55.4% APRpaid last 24h −0.085%

Price spread now: HTX against GMX+0.190%7-day average — · you sell dearer than you buy

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

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

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—needs both histories

The price spread pays, funding is against you. HTX is 0.190% dearer against GMX than usual: you sell high and buy low (spread +0.190% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HBAR/USD [WBTC.b-USDC]	0.09348	L +0.0606% / S −0.0638%	pay 0.0076% / 1h	15m 01s	$154K	—	100x
Short	HTX HBAR-USDT	0.09366	0.0100	get 0.0100% / 8h	3h 15m	$71K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 HTXbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$106.19
Price spread: +0.190% → 0.000%: $19.04
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$111.15
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

GMX and HTX: 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	0.09360	+0.128%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09351	+0.030%	$515K	$190K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0011%	1h	0.09349	+0.005%	$9K	—	150x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	−0.708%	$1K	$105K	12x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0080%	1h	0.09354	+0.062%	$230K	$2.3M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0080%	8h	0.09344	−0.045%	$2K	$14K	10x	as long as short
Lighter HBAR	+0.0096%	1h	0.09351	+0.030%	$564K	$617K	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09353	+0.048%	$201K	$336K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09349	+0.009%	$34.6M	$110.2M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09349	+0.009%	$32.9M	$35.3M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09347	−0.013%	$6.6M	$25.6M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09346	−0.024%	$2.4M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09348	−0.002%	$25.9M	$19.8M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09348	−0.002%	$7.5M	$7.4M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09351	+0.030%	$17.0M	$15.6M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09348	−0.002%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09351	+0.030%	$38K	$199K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09356	+0.082%	$1.0M	$188K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09366	+0.190%	$384K	$2.8M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09367	+0.201%	$151K	$714K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09348	−0.002%	$434	$5K	5x	as long as short
HTX HBAR-USDTshort	+0.0100%	8h	0.09366	+0.190%	$71K	$68K	20x
Phemex HBARUSDT	+0.0100%	8h	0.09354	+0.062%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09344	−0.046%	$48K	$276K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09354	+0.062%	$1.5M	$5.6M	90x	as long as short
Kraken Futures PF_HBARUSD	+0.0359%	1h	0.09352	+0.043%	$1.3M	$2.9M	50x	as long as short
Hyperliquid HBAR	+0.0604%	1h	0.09366	+0.191%	$9.4M	$3.3M	5x	as long as short
GMX HBAR/USD [WBTC.b-USDC]long	L +0.0606% / S −0.0638%	1h	0.09348	long leg	$154K	—	100x