Spread before costs (cost unknown: a leg has no order-book sample)+0.145%
7d average+0.036%if it closes, per $10,000$14funding while held, a day+$11.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09065 | 0.0100 | pay 0.0100% / 8h | 5h 10m | $2.2M | $2.2M | 50x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09078 | L +0.0441% / S −0.0472% | get 0.0059% / 1h | 10m 22s | $101K | — | 100x |
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $14.45
- Funding while held
- $11.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $1.61
- Spread needed to break even
- 0.240%
Slippage unknown: Phemex: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0372%
- Per $10,000 a day
- +$11.16
- Average in range /8h
- —
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 Phemex live order book, 5 min ago | 5.51 bp | 19.9 bp −$20 | 42.1 bp −$421 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.08532cheapest
BloFin0.09059+6.177%KuCoin0.09065+6.247%Backpack0.09065+6.247%
Injective
BloFin
KuCoin
BackpackPhemex0.09065+6.247%
Variational Omni0.09066+6.258%Aster0.09067+6.273%Lighter0.09068+6.282%Gate0.09068+6.282%BingX0.09070+6.306%Bybit0.09071+6.317%OKX0.09071+6.317%MEXC0.09071+6.317%Orderly0.09071+6.317%Extended0.09072+6.330%Binance0.09072+6.333%SoDEX0.09073+6.341%dYdX0.09073+6.344%ApeX Omni0.09074+6.353%Bitget0.09075+6.364%gTrade (Gains Network)0.09077+6.387%Coinbase International0.09078+6.399%
Variational Omni
Aster
Lighter
Gate
BingX
Bybit
OKX
MEXC
Orderly
Extended
Binance
SoDEX
dYdX
ApeX Omni
Bitget
gTrade (Gains Network)
Coinbase InternationalGMX0.09078+6.401%
Deribit0.09081+6.435%Kraken Futures0.09083+6.454%Hyperliquid0.09083+6.456%HTX0.09088+6.517%
Deribit
Kraken Futures
Hyperliquid
HTXHBAR on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −5.880% | −0.0374% | 1h | $5K | $65K | 12x | as long as short |
| BloFin HBAR-USDT | −0.066% | +0.0028% | 8h | $1.5M | $6.6M | 90x | as long as short |
| KuCoin HBARUSDTM | 0.000% | +0.0062% | 8h | $7.4M | $8.4M | 75x | as long as short |
| Backpack HBAR_USDC_PERP | 0.000% | +0.0100% | 1h | $29K | $146K | 15x | as long as short |
| Phemex HBARUSDTlong | 0.000% | +0.0100% | 8h | $2.2M | $2.2M | 50x | |
| Variational Omni HBAR | +0.010% | +0.0024% | 8h | $1.0M | $201K | — | as long as short |
| Aster HBARUSDT | +0.025% | +0.0100% | 8h | $212K | $442K | 50x | as long as short |
| Lighter HBAR | +0.033% | +0.0096% | 1h | $556K | $592K | 5x | as long as short |
| Gate HBAR_USDT | +0.033% | −0.0099% | 8h | $2.4M | $3.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.055% | +0.0003% | 8h | — | $5.9M | — | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.066% | +0.0100% | 8h | $32.6M | $37.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.066% | +0.0100% | 8h | $6.8M | $24.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.066% | +0.0007% | 8h | $23.0M | $24.2M | 200x | as long as short |
| Orderly PERP_HBAR_USDC | +0.066% | +0.0062% | 8h | $3K | $18K | 10x | as long as short |
| Extended HBAR-USD | +0.078% | +0.0008% | 1h | $46K | $208K | 10x | as long as short |
| Binance HBARUSDT | +0.081% | +0.0007% | 8h | $34.6M | $111.4M | 75x | as long as short |
| SoDEX HBAR-USD | +0.088% | +0.0100% | 1h | $421 | $6K | 5x | as long as short |
| dYdX HBAR-USD | +0.091% | 0.0000% | 1h | $29K | $4K | 5x | as long as short |
| ApeX Omni HBARUSDT | +0.099% | +0.0100% | 1h | $146K | $706K | 50x | as long as short |
| Bitget HBARUSDT | +0.110% | +0.0100% | 8h | $16.8M | $14.4M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | +0.131% | L +0.0007% / S −0.0014% | 1h | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.143% | +0.0104% | 1h | $209K | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]short | +0.145% | L +0.0441% / S −0.0472% | 1h | $101K | — | 100x | |
| Deribit HBAR_USDC-PERPETUAL | +0.177% | +0.0191% | 1h | $500K | $152K | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.195% | +0.0214% | 1h | $1.4M | $2.4M | 50x | as long as short |
| Hyperliquid HBAR | +0.196% | +0.0100% | 1h | $8.7M | $3.0M | 5x | as long as short |
| HTX HBAR-USDT | +0.254% | +0.0100% | 8h | $71K | $53K | 20x | as long as short |