Funding you earn now, next payment 23:00 UTC+0.0631%/8h= +69.1% APRnext payment +$0.79 per $10,000 · paid last 24h +0.657%
Price spread now: GMX against Injective−0.196%7-day average +0.132% · 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)+0.793%+$79 on $10k
+Price spread, last 3 days (all we have)+0.723%+$72 · spread now −0.196%, 7d avg +0.132%
=Funding pays, the price is against you. GMX is 0.329% cheaper against Injective than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of +0.132%). If the spread goes back, that is −$33 on $10k: about 42 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective HBAR/USDC PERP | 0.09267 | −0.0153 | get 0.0019% / 1h | 49m 07s | $1K | $112K | 12x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09249 | L +0.0447% / S −0.0478% | get 0.0060% / 1h | 49m 07s | $104K | — | 100x |
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- $132.55
- Price spread: −0.196% → +0.132%
- −$32.85
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $87.67
- Costs to cover
- 0.120%
- Break-even
- 2.4 days
Slippage unknown: Injective: live order book, 30 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 Injective live order book, 30 min ago | 20.50 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERPlong | −0.0153% | 1h | 0.09267 | long leg | $1K | $112K | 12x | |
| Gate HBAR_USDT | −0.0033% | 8h | 0.09245 | −0.237% | $2.4M | $3.5M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0010% | 8h | 0.09253 | −0.151% | $7.4M | $7.9M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09250 | −0.185% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09263 | −0.043% | $510K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09249 | −0.195% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0055% | 8h | 0.09261 | −0.068% | $1.0M | $197K | — | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09257 | −0.108% | $223K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09249 | −0.194% | $2K | $16K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0078% | 8h | 0.09251 | −0.173% | $24.5M | $22.1M | 200x | as long as short |
Gate HBAR_USDT
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0079% | 8h | 0.09253 | −0.151% | $34.8M | $110.2M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09249 | −0.189% | $51K | $218K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09252 | −0.162% | $568K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09262 | −0.059% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09249 | −0.193% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09253 | −0.151% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09250 | −0.183% | $6.8M | $24.9M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09253 | −0.151% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09252 | −0.162% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09254 | −0.140% | $32K | $103K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09261 | −0.061% | $377K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09261 | −0.065% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09254 | −0.140% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09258 | −0.097% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09246 | −0.227% | $2.2M | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0194% | 1h | 0.09258 | −0.101% | $1.4M | $2.3M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0199% | 8h | 0.09247 | −0.216% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]short | L +0.0447% / S −0.0478% | 1h | 0.09249 | −0.196% | $104K | — | 100x |
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT