ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0222%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h +0.113%

Price spread now: GMX against Coinbase International−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.066% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALGO-PERP-INTX	0.1124	−0.0064	get 0.0008% / 1h	27m 52s	$62K	$332K	50x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1123	L +0.0238% / S −0.0158%	get 0.0020% / 1h	27m 52s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $46.7
Price spread: −0.066% → 0.000%: −$6.58
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.12
Costs to cover: 0.220%
Break-even: 4.3 days

Slippage unknown: Coinbase International: live order book, 60 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 Coinbase International live order book, 60 min ago	4.47 bp	10.4 bp −$10	16.7 bp −$167	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
Deribit ALGO_USDC-PERPETUAL	−0.0729%	1h	0.1123	−0.116%	$102K	$50K	25x	as long as short
Injective ALGO/USDC PERP	−0.0212%	1h	0.1115	−0.818%	$830	$175K	12x	as long as short
Bybit ALGOUSDT	−0.0131%	8h	0.1121	−0.258%	$11.3M	$12.2M	75x	as long as short
Variational Omni ALGO	−0.0081%	8h	0.1123	−0.142%	$65K	$10K	—	as long as short
Coinbase International ALGO-PERP-INTXlong	−0.0064%	1h	0.1124	long leg	$62K	$332K	50x
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1124	−0.028%	$6K	—	150x	as long as short
Kraken Futures PF_ALGOUSD	+0.0092%	1h	0.1123	−0.078%	$842K	$1.2M	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1124	−0.014%	$3.8M	$1.9M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1123	−0.101%	$44K	$31K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1123	−0.143%	$10.0M	$34.8M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1122	−0.178%	$3.0M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1123	−0.133%	$883K	$819K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1123	−0.142%	$23.1M	$2.9M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1123	−0.133%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1124	−0.018%	$5.7M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1122	−0.187%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1124	−0.053%	$66K	$109K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1125	+0.071%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1123	−0.108%	$7K	$210K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1123	−0.151%	$491K	$797K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0238% / S −0.0158%	1h	0.1123	−0.066%	$5K	—	100x
dYdX ALGO-USD	+0.1326%	1h	0.1125	+0.067%	$161K	$5K	5x	as long as short