Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.041%
Price spread now: edgeX against GMX−0.184%7-day average −0.063% · 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)−0.213%−$21 on $10k
+Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.184%, 7d avg −0.063%
=Together, before fees−0.064%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.121% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BTC/USD [WBTC.b-USDC] | 85,846 | L +0.0204% / S −0.0194% | pay 0.0026% / 1h | 49m 00s | $13.8M | — | 200x |
| Short | edgeX BTCUSDC | 85,687.9 | 0.0100 | get 0.0050% / 4h | 2h 49m | $277.7M | $941.4M | 100x |
GMX BTC/USD [WBTC.b-USDC]
edgeX BTCUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$21.87
- Price spread: −0.184% → −0.063%
- −$12.1
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$54.97
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; edgeX: live order book, 5 min ago. 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 edgeX live order book, 5 min ago | 0.01 bp | 4.5 bp −$5 | 4.6 bp −$46 | 4.8 bp −$484 | 5.6 bp −$2,811 |
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.
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,788 | −0.068% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,779 | −0.078% | $8K | $3K | 50x | as long as short |
| BloFin BTC-USDT | −0.0078% | 8h | 85,853 | +0.008% | $415.8M | $658.2M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,852.9 | +0.008% | $365K | $2.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0018% | 1h | 85,787.3 | −0.068% | $140.3M | $320.8M | 100x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,880.2 | +0.040% | $16.8M | $20.6M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,883.1 | +0.043% | $513K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,854.1 | +0.009% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,810 | −0.042% | $341K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0031% | 8h | 85,848.4 | +0.003% | $498.1M | $1.13B | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
ApeX Omni BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XBTUSDTM | +0.0041% | 8h | 85,834.9 | −0.013% | $894.5M | $757.1M | 125x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,860.2 | +0.017% | $8.1M | $42.6M | 25x | as long as short |
| BingX BTC-USDT | +0.0052% | 8h | 85,891.5 | +0.053% | — | $1.59B | — | as long as short |
| Reya BTCRUSDPERP | +0.0053% | 1h | 85,849.7 | +0.004% | $6.7M | $146.0M | 40x | as long as short |
| Bitget BTCUSDT | +0.0066% | 8h | 85,883.2 | +0.043% | $2.95B | $5.13B | 150x | as long as short |
| HTX BTC-USDT | +0.0067% | 8h | 85,832.7 | −0.015% | $2.28B | $968.8M | 200x | as long as short |
| Nado BTC-PERP | +0.0074% | 1h | 85,876.1 | +0.035% | $22.5M | $228.8M | 50x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,840.6 | −0.006% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0082% | 8h | 85,866.8 | +0.024% | $5.09B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 85,887.3 | +0.048% | $9.35B | $24.59B | 150x | as long as short |
| Gate BTC_USDT | +0.0090% | 8h | 85,882.7 | +0.043% | $5.66B | $10.36B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,871.5 | +0.030% | $170.9M | $976.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,862.9 | +0.020% | $23.3M | $145.1M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 85,757.5 | −0.103% | $215.4M | $162.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,856 | +0.012% | $8.4M | $52.5M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,833 | −0.015% | $199K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,870.2 | +0.028% | $3.8M | $8.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,926 | +0.093% | $3.76B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,880.9 | +0.041% | $40.9M | $569.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,900.7 | +0.064% | $5.27B | $9.81B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,905.6 | +0.069% | $2.55B | $12.56B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,886 | +0.047% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,840.5 | −0.006% | $7.3M | $98.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,888.3 | +0.049% | $579.3M | $92.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,869.1 | +0.027% | $35.2M | $163.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,782.9 | −0.074% | $155.6M | $556.1M | — | as long as short |
| edgeX BTCUSDCshort | +0.0100% | 4h | 85,687.9 | −0.184% | $277.7M | $941.4M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 85,830.1 | −0.018% | $30.4M | $206.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,911.4 | +0.076% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,865 | +0.022% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,845 | −0.001% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,832.7 | −0.015% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,876.1 | +0.035% | $186K | $709K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,846.2 | 0.000% | $30.0M | $57.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,807.5 | −0.045% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,844 | −0.002% | $60.1M | $338.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,861.3 | +0.018% | $153.9M | $477.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,815.3 | −0.036% | $45.0M | $226.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,883 | +0.043% | — | $101.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,890.9 | +0.052% | $131.6M | $5.26B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0128% | 1h | 85,843.4 | −0.003% | $710K | $8.0M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,875 | +0.034% | $189.4M | $969.8M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0152% | 1h | 85,841.3 | −0.005% | $77K | $217K | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0155% | 1h | 85,889.7 | +0.051% | $895.0M | $1.54B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 85,890 | +0.051% | $9.9M | $768.8M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]long | L +0.0204% / S −0.0194% | 1h | 85,846 | long leg | $13.8M | — | 200x |
KuCoin XBTUSDTM
RISEx BTC/USDC
BingX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
HTX BTC-USDT
Nado BTC-PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP