Funding you earn now, next payment 03:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.022%
Price spread now: GMX against Kraken Futures−0.106%7-day average −0.038% · 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)+0.025%+$3 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.106%, 7d avg −0.038%
=Funding pays, the price is against you. GMX is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.038%). If the spread goes back, that is −$7 on $10k: about 6.1 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09228 | 0.0205 | pay 0.0026% / 1h | 1m 21s | $1.4M | $2.5M | 50x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09218 | L +0.0346% / S −0.0242% | get 0.0030% / 1h | 1m 21s | $79K | — | 100x |
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- $7.84
- Price spread: −0.106% → −0.038%
- −$6.8
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$20.96
- Costs to cover
- 0.220%
- Break-even
- 25.7 days
Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 5.98 bp | 13.4 bp −$13 | 20.8 bp −$208 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0001% | 8h | 0.09219 | −0.094% | $7.2M | $7.2M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09222 | −0.064% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09223 | −0.054% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0036% | 8h | 0.09215 | −0.138% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09219 | −0.094% | $233K | $2.0M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0075% | 1h | 0.09227 | −0.008% | $508K | $152K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09219 | −0.094% | $2K | $14K | 10x | as long as short |
| Variational Omni HBAR | +0.0084% | 8h | 0.09175 | −0.574% | $1.0M | $187K | — | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.588% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09219 | −0.094% | $560K | $592K | 5x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Injective HBAR/USDC PERP
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09230 | +0.029% | $8.7M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09223 | −0.056% | $210K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09218 | −0.104% | $34.0M | $104.4M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09220 | −0.084% | $32.6M | $33.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09222 | −0.062% | $6.6M | $24.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09215 | −0.138% | $25.9M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09221 | −0.073% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09217 | −0.116% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09199 | −0.311% | $42K | $165K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09193 | −0.373% | $374K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09192 | −0.387% | $147K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09219 | −0.094% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09235 | +0.079% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09221 | −0.073% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09216 | −0.122% | $47K | $277K | 10x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0205% | 1h | 0.09228 | long leg | $1.4M | $2.5M | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09218 | −0.105% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]short | L +0.0346% / S −0.0242% | 1h | 0.09218 | −0.106% | $79K | — | 100x |
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT