Settings8H · net · $10k
Funding arb · Price arb /

HBAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0614%/8h= +67.3% APRnext payment +$0.77 per $10,000 · paid last 24h +0.078%
Price spread now: GMX against Deribit−0.043%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.043% cheaper against Deribit than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$18 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit HBAR_USDC-PERPETUAL0.093850get 0.0000% / 1h21m 42s$517K$190K50x
ShortGMX HBAR/USD [WBTC.b-USDC]0.09381L +0.0592% / S −0.0614%get 0.0077% / 1h21m 42s$150K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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

Funding earned
$129
Price spread: −0.043% → 0.000%
−$4.26
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$105.74
Costs to cover
0.190%
Break-even
1.3 days
Slippage unknown: Deribit: live order book, 32 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 32 min ago5.29 bp8.8 bp −$914.8 bp −$148doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HBAR-USD0.0000%1h0.09408+0.241%$30K$4K5xas long as short
Deribit HBAR_USDC-PERPETUALlong0.0000%1h0.09385long leg$517K$190K50x
gTrade (Gains Network) HBAR/USDL +0.0007% / S −0.0011%1h0.09384−0.015%$9K150xas long as short
Injective HBAR/USDC PERP+0.0033%1h0.09282−1.097%$1K$105K12xas long as short
Coinbase International HBAR-PERP-INTX+0.0080%1h0.09389+0.043%$222K$2.3M50xas long as short
Orderly PERP_HBAR_USDC+0.0080%8h0.09379−0.064%$2K$14K10xas long as short
Lighter HBAR+0.0096%1h0.09397+0.128%$566K$616K5xas long as short
Aster HBARUSDT+0.0100%8h0.09407+0.231%$202K$336K50xas long as short
Binance HBARUSDT+0.0100%8h0.09404+0.205%$34.9M$110.1M75xas long as short
Bybit HBARUSDT+0.0100%8h0.09404+0.202%$33.2M$35.3M75xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX HBAR-USDT-SWAP+0.0100%8h0.09404+0.202%$6.7M$25.8M50xas long as short
Gate HBAR_USDT+0.0100%8h0.09400+0.160%$2.4M$2.7M75xas long as short
MEXC HBAR_USDT+0.0100%8h0.09403+0.192%$26.1M$19.8M200xas long as short
KuCoin HBARUSDTM+0.0100%8h0.09397+0.128%$7.6M$7.4M75xas long as short
Bitget HBARUSDT+0.0100%8h0.09406+0.224%$17.1M$15.6M75xas long as short
BingX HBAR-USDT+0.0100%8h0.09404+0.202%$6.5Mas long as short
Backpack HBAR_USDC_PERP+0.0100%1h0.09381−0.043%$38K$199K15xas long as short
Variational Omni HBAR+0.0100%8h0.09440+0.583%$1.0M$188Kas long as short
GRVT HBAR_USDT_Perp+0.0100%8h0.09434+0.521%$386K$2.7M10xas long as short
ApeX Omni HBARUSDT+0.0100%1h0.09452+0.714%$154K$712K50xas long as short
SoDEX HBAR-USD+0.0100%1h0.09383−0.021%$436$5K5xas long as short
HTX HBAR-USDT+0.0100%8h0.09394+0.096%$71K$68K20xas long as short
Phemex HBARUSDT+0.0100%8h0.09383−0.021%$2.2M$2.2M50xas long as short
Extended HBAR-USD+0.0104%1h0.09402+0.176%$50K$273K10xas long as short
BloFin HBAR-USDT+0.0220%8h0.09411+0.277%$1.5M$5.6M90xas long as short
Kraken Futures PF_HBARUSD+0.0358%1h0.093850.000%$1.3M$2.9M50xas long as short
GMX HBAR/USD [WBTC.b-USDC]shortL +0.0592% / S −0.0614%1h0.09381−0.043%$150K100x
Hyperliquid HBAR+0.0612%1h0.09413+0.298%$9.5M$3.3M5xas long as short