Funding you earn now, next payment 23:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.089%
Price spread now: Bybit against GMX+0.052%7-day average −0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.274%−$27 on $10k
+Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.052%, 7d avg −0.063%
=The price spread pays, funding is against you. Bybit is 0.115% dearer against GMX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.063%): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HBAR/USD [WBTC.b-USDC] | 0.09248 | L +0.0447% / S −0.0311% | pay 0.0056% / 1h | 15m 00s | $120K | — | 100x |
| Short | Bybit HBARUSDT | 0.09253 | 0.0100 | get 0.0100% / 8h | 1h 15m | $33.0M | $37.0M | 75x |
GMX HBAR/USD [WBTC.b-USDC]
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$72.92
- Price spread: +0.052% → −0.063%
- $11.49
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$84.43
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.54 bp | 9.8 bp −$10 | 17.4 bp −$174 | 69.6 bp −$6,958 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | +0.203% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0019% | 8h | 0.09246 | −0.024% | $7.4M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09249 | +0.007% | $30K | $4K | 5x | as long as short |
| Gate HBAR_USDT | 0.0000% | 8h | 0.09251 | +0.030% | $2.4M | $3.6M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09250 | +0.019% | $509K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0013% | 1h | 0.09248 | −0.001% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09254 | +0.063% | $224K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09242 | −0.067% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0086% | 8h | 0.09237 | −0.117% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09249 | +0.009% | $567K | $591K | 5x | as long as short |
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
dYdX HBAR-USD
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0096% | 1h | 0.09243 | −0.055% | $51K | $218K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0097% | 8h | 0.09252 | +0.041% | $25.8M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0098% | 8h | 0.09256 | +0.084% | $34.7M | $110.6M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09270 | +0.232% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09253 | +0.057% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09253 | +0.052% | $33.0M | $37.0M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09250 | +0.019% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09253 | +0.052% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09253 | +0.052% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09257 | +0.095% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09234 | −0.158% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09237 | −0.121% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09246 | −0.024% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09263 | +0.160% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09250 | +0.019% | $2.2M | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0194% | 1h | 0.09256 | +0.083% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0218% | 8h | 0.09251 | +0.030% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]long | L +0.0447% / S −0.0311% | 1h | 0.09248 | long leg | $120K | — | 100x |
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
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