Funding you earn now, next payment 08:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.109%
Price spread now: MEXC against GMX−0.273%58s7-day average −0.042% · 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)−0.326%−$33 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.273%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and MEXC is 0.232% cheaper against GMX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.042%). Swap the legs. The two prices were read 58 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 | GMX HBAR/USD [WBTC.b-USDC] | 0.09330 | L +0.0360% / S −0.0261% | pay 0.0045% / 1h | 56m 25s | $84K | — | 100x |
| Short | MEXC HBAR_USDT | 0.09305 | 0.0100 | get 0.0100% / 8h | 56m 25s | $25.8M | $19.8M | 200x |
GMX HBAR/USD [WBTC.b-USDC]
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$54.7
- Price spread: −0.273% → −0.042%
- −$23.16
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$89.86
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 0.54 bp | 3.4 bp −$3 | 10.4 bp −$104 | 44.6 bp −$4,460 | 117.2 bp −$58.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HBARUSD | −0.0146% | 1h | 0.09306 | −0.260% | $1.3M | $2.9M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09325 | −0.056% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09307 | −0.252% | $513K | $178K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09304 | −0.280% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.520% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09301 | −0.316% | $4K | $10K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09317 | −0.145% | $206K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09321 | −0.102% | $561K | $597K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09313 | −0.184% | $8.7M | $3.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09306 | −0.260% | $200K | $327K | 50x | as long as short |
Kraken Futures PF_HBARUSD
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09303 | −0.295% | $34.2M | $111.3M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09306 | −0.263% | $31.8M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09306 | −0.263% | $6.6M | $24.9M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09305 | −0.273% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDTshort | +0.0100% | 8h | 0.09305 | −0.273% | $25.8M | $19.8M | 200x | |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09308 | −0.241% | $7.3M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09300 | −0.327% | $17.2M | $15.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09301 | −0.316% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09327 | −0.038% | $35K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09306 | −0.264% | $1.0M | $181K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09304 | −0.284% | $378K | $3.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09311 | −0.209% | $151K | $703K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09302 | −0.305% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09341 | +0.113% | $71K | $70K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09330 | −0.005% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09300 | −0.323% | $53K | $232K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09322 | −0.091% | $1.5M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]long | L +0.0360% / S −0.0261% | 1h | 0.09330 | long leg | $84K | — | 100x |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT