Funding you earn now, next payment 02:00 UTC−0.0346%/8h= −37.9% APRnext payment −$0.43 per $10,000 · paid last 24h −0.087%
Price spread now: gTrade (Gains Network) against GMX+0.027%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
The price spread pays, funding is against you. gTrade (Gains Network) is 0.027% dearer against GMX than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ALGO/USD [WBTC.b-USDC] | 0.1120 | L +0.0343% / S −0.0313% | pay 0.0043% / 1h | 20m 51s | $7K | — | 100x |
| Short | gTrade (Gains Network) ALGO/USD | 0.1121 | L +0.0001% / S +0.0003% | pay 0.0000% / 1h | 20m 51s | $6K | — | 150x |
GMX ALGO/USD [WBTC.b-USDC]
gTrade (Gains Network) ALGO/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against GMX. 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
- −$72.62
- Price spread: +0.027% → 0.000%
- $2.68
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$91.94
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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 GMX no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
GMX and gTrade (Gains Network): 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 | −0.0196% | 1h | 0.1120 | −0.009% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1120 | −0.027% | $71K | $289K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USDshort | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.027% | $6K | — | 150x | |
| Variational Omni ALGO | +0.0029% | 8h | 0.1120 | −0.041% | $61K | $12K | — | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.036% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | +0.098% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.013% | $44K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.138% | $9.9M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.196% | $11.5M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1118 | −0.241% | $2.9M | $7.7M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.071% | $875K | $858K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1119 | −0.134% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | −0.080% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.125% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | −0.116% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | +0.027% | $61K | $143K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.232% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1119 | −0.150% | $6K | $227K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0261% | 1h | 0.1121 | +0.032% | $830K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]long | L +0.0343% / S −0.0313% | 1h | 0.1120 | long leg | $7K | — | 100x | |
| dYdX ALGO-USD | +0.1573% | 1h | 0.1121 | +0.027% | $162K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD