Funding you earn now, next payment 01:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.066%
Price spread now: GMX against Gate+0.049%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.049% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ALGO_USDT | 0.1119 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $877K | $824K | 50x |
| Short | GMX ALGO/USD [WBTC.b-USDC] | 0.1119 | L +0.0342% / S −0.0351% | get 0.0044% / 1h | 15m 06s | $7K | — | 100x |
Gate ALGO_USDT
GMX ALGO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Gate. 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
- $52.66
- Price spread: +0.049% → 0.000%
- $4.92
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $30.58
- Costs to cover
- 0.270%
- Break-even
- 2.9 days
Slippage unknown: Gate: live order book, 57 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 Gate live order book, 57 min ago | 7.57 bp | 38.1 bp −$38 | 372.6 bp −$3,726 | 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 | −0.0565% | 1h | 0.1120 | +0.156% | $832K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1114 | −0.447% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0086% | 8h | 0.1116 | −0.208% | $61K | $12K | — | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1119 | +0.063% | $101K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | +0.023% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.134% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1119 | +0.037% | $4K | $228K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0097% | 8h | 0.1119 | +0.072% | $23.0M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0098% | 8h | 0.1119 | +0.072% | $10.0M | $34.5M | 75x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | +0.232% | $3.7M | $1.8M | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDT
Hyperliquid ALGOShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.009% | $44K | $38K | 5x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1119 | 0.000% | $11.4M | $11.9M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1118 | −0.018% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDTlong | +0.0100% | 8h | 0.1119 | long leg | $877K | $824K | 50x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | +0.063% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.045% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | +0.018% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.036% | $63K | $141K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.224% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0218% | 8h | 0.1119 | +0.089% | $493K | $768K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]short | L +0.0342% / S −0.0351% | 1h | 0.1119 | +0.049% | $7K | — | 100x | |
| dYdX ALGO-USD | +0.1284% | 1h | 0.1118 | −0.048% | $160K | $3K | 5x | as long as short |
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
dYdX ALGO-USD