HBAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0625%/8h= −68.5% APRnext payment −$0.78 per $10,000 · paid last 24h −0.012%

Price spread now: Kraken Futures against GMX+0.401%66s7-day average +0.040% · 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)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.401%, 7d avg +0.040%

Together, before fees−0.477%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.362% dearer against GMX than usual: you sell high and buy low (spread +0.401% now, against its 7-day average of +0.040%): +$36 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 3 days (−0.081% in total) that is about 15 days. The two prices were read 66 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 -0.081% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.78 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]	0.09258	L +0.0359% / S −0.0261%	pay 0.0045% / 1h	25m 44s	$83K	—	100x
Short	Kraken Futures PF_HBARUSD	0.09295	−0.0266	pay 0.0033% / 1h	25m 44s	$1.3M	$3.0M	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 +0.401%Rate

Funding earned: −$131.28
Price spread: +0.401% → +0.040%: $36.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$117.12
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 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 Kraken Futures live order book, 3 min ago	4.87 bp	15.1 bp −$15	19.8 bp −$198	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
Backpack HBAR_USDC_PERP	−0.0536%	1h	0.09296	+0.407%	$35K	$201K	15x	as long as short
Kraken Futures PF_HBARUSDshort	−0.0266%	1h	0.09295	+0.401%	$1.3M	$3.0M	50x
dYdX HBAR-USD	0.0000%	1h	0.09297	+0.420%	$30K	$4K	5x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0011%	1h	0.09295	+0.395%	$9K	—	150x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	+0.256%	$1K	$103K	12x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0073%	1h	0.09297	+0.418%	$512K	$178K	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0077%	8h	0.09290	+0.342%	$4K	$16K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0080%	1h	0.09300	+0.450%	$214K	$2.3M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09279	+0.224%	$559K	$600K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09284	+0.278%	$8.6M	$3.7M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HBARUSDT	+0.0100%	8h	0.09283	+0.267%	$200K	$329K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09281	+0.245%	$34.1M	$111.6M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09288	+0.321%	$31.8M	$35.9M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09287	+0.310%	$6.5M	$25.1M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09285	+0.288%	$2.4M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09287	+0.310%	$25.2M	$19.9M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09281	+0.245%	$7.4M	$7.5M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09275	+0.180%	$17.2M	$15.9M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09285	+0.288%	—	$6.7M	—	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09290	+0.341%	$1.0M	$185K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09264	+0.057%	$371K	$3.1M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09257	−0.014%	$150K	$705K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09292	+0.364%	$431	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09312	+0.580%	$71K	$70K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09294	+0.386%	$2.1M	$2.1M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09292	+0.360%	$59K	$221K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09258	−0.003%	$1.5M	$5.6M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]long	L +0.0359% / S −0.0261%	1h	0.09258	long leg	$83K	—	100x