Funding you earn now, next payment 01:00 UTC+0.0146%/8h= +15.9% APRpaid last 24h +0.030%
Price spread now: GMX against BloFin−0.295%51s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. GMX is 0.295% cheaper against BloFin than usual: you would sell low and buy high (spread −0.295% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 6.8 days of funding at the current rate (+$4 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALGO-USDT | 0.1115 | 0.0205 | pay 0.0205% / 8h | 7h 37m | $490K | $768K | 75x |
| Short | GMX ALGO/USD [WBTC.b-USDC] | 0.1112 | L +0.0341% / S −0.0351% | get 0.0044% / 1h | 37m 30s | $7K | — | 100x |
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- $30.59
- Price spread: −0.295% → 0.000%
- −$29.51
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$22.92
- Costs to cover
- 0.240%
- Break-even
- 12.2 days
Slippage unknown: BloFin: live order book, 34 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 BloFin live order book, 34 min ago | 0.89 bp | 11.6 bp −$12 | 23.7 bp −$237 | 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.
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0570% | 1h | 0.1112 | −0.280% | $828K | $1.1M | 50x | as long as short |
| Variational Omni ALGO | −0.0134% | 8h | 0.1113 | −0.154% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1110 | −0.422% | $66K | $271K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0060% | 8h | 0.1111 | −0.386% | $11.2M | $11.8M | 75x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1111 | −0.332% | $101K | $50K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1112 | −0.289% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.448% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0085% | 8h | 0.1112 | −0.305% | $22.8M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0086% | 8h | 0.1111 | −0.335% | $9.8M | $33.9M | 75x | as long as short |
| Extended ALGO-USD | +0.0088% | 1h | 0.1111 | −0.363% | $4K | $270K | 10x | as long as short |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Binance ALGOUSDT
Extended ALGO-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1113 | −0.188% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.339% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | −0.341% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.359% | $873K | $815K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1112 | −0.305% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.359% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.368% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.368% | $66K | $104K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0115% | 8h | 0.1114 | −0.090% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDTlong | +0.0205% | 8h | 0.1115 | long leg | $490K | $768K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC]short | L +0.0341% / S −0.0351% | 1h | 0.1112 | −0.295% | $7K | — | 100x | |
| dYdX ALGO-USD | +0.1133% | 1h | 0.1112 | −0.288% | $159K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
dYdX ALGO-USD