ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0314%/8h= +34.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.099%

Price spread now: GMX against gTrade (Gains Network)−0.032%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 0.032% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1116	L −0.0001% / S +0.0003%	get 0.0000% / 1h	4m 47s	$17K	—	150x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1115	L +0.0342% / S −0.0313%	get 0.0039% / 1h	4m 47s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $65.86
Price spread: −0.032% → 0.000%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $40.63
Costs to cover: 0.220%
Break-even: 2.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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 21 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	−0.0288%	1h	0.1115	−0.090%	$101K	$49K	25x	as long as short
Coinbase International ALGO-PERP-INTX	−0.0064%	1h	0.1120	+0.403%	$71K	$285K	50x	as long as short
gTrade (Gains Network) ALGO/USDlong	L −0.0001% / S +0.0003%	1h	0.1116	long leg	$17K	—	150x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.394%	$834	$233K	12x	as long as short
Variational Omni ALGO	+0.0057%	8h	0.1116	+0.068%	$61K	$12K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1118	+0.170%	$3.7M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1115	−0.013%	$44K	$41K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1115	−0.054%	$9.8M	$34.8M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1114	−0.099%	$11.5M	$12.4M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1115	−0.036%	$2.9M	$7.7M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	0.1116	+0.036%	$872K	$860K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1115	−0.081%	$22.8M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1115	−0.018%	$3.5M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1116	+0.036%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1115	−0.045%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1116	0.000%	$60K	$140K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1117	+0.125%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1114	−0.127%	$4K	$232K	10x	as long as short
Kraken Futures PF_ALGOUSD	+0.0262%	1h	0.1115	−0.016%	$826K	$1.1M	50x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0342% / S −0.0313%	1h	0.1115	−0.032%	$7K	—	100x
dYdX ALGO-USD	+0.1561%	1h	0.1117	+0.115%	$161K	$4K	5x	as long as short