Funding you earn now, next payment 05:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.036%
Price spread now: GMX against KuCoin+0.024%7-day average +0.043% · 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)+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.024%, 7d avg +0.043%
=The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XBTUSDTM | 85,650.3 | −0.0037 | get 0.0037% / 8h | 3h 52m | $918.1M | $755.9M | 125x |
| Short | GMX BTC/USD [WBTC.b-USDC] | 85,671 | L +0.0201% / S −0.0177% | get 0.0022% / 1h | 52m 14s | $13.1M | — | 200x |
KuCoin XBTUSDTM
GMX BTC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. 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
- $44.89
- Price spread: +0.024% → +0.043%
- −$1.91
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $18.97
- Costs to cover
- 0.240%
- Break-even
- 4.0 days
Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 0.01 bp | 6.0 bp −$6 | 6.1 bp −$61 | 6.7 bp −$675 | 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.
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 | −0.0140% | 1h | 85,646 | −0.005% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,702 | +0.060% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTMlong | −0.0037% | 8h | 85,650.3 | long leg | $918.1M | $755.9M | 125x | |
| BloFin BTC-USDT | −0.0020% | 8h | 85,679.8 | +0.034% | $418.1M | $676.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,676.9 | +0.031% | $367K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,681.5 | +0.036% | $16.8M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0004% | 1h | 85,662.7 | +0.014% | $24.8M | $222.8M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,672.2 | +0.026% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,651.7 | +0.002% | $516.0M | $1.10B | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0042% | 1h | 85,690.8 | +0.047% | $884.9M | $1.59B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
dYdX BTC-USD
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.046% | $340K | $26.9M | 52x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,662.2 | +0.014% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,644.5 | −0.007% | $148.8M | $490.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,657.2 | +0.008% | $2.96B | $5.10B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0091% | 1h | 85,660.5 | +0.012% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,657.2 | +0.008% | $172.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,668.1 | +0.021% | $23.9M | $147.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,665 | +0.017% | $8.7M | $54.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,653.5 | +0.004% | $2.5M | $1.7M | 20x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,651 | +0.001% | $60.0M | $336.1M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,637 | −0.016% | $199K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,729.9 | +0.093% | $5.4M | $9.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,746 | +0.112% | $3.79B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,699.4 | +0.057% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,654.8 | +0.005% | $9.42B | $24.31B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,655.5 | +0.006% | $5.20B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,660.1 | +0.011% | $2.59B | $12.17B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,670 | +0.023% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,653.2 | +0.003% | $4.3M | $98.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,664 | +0.016% | $5.53B | $10.74B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,658.1 | +0.009% | $5.07B | $5.63B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,689.5 | +0.046% | $35.8M | $176.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,637.7 | −0.015% | $153.8M | $564.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,618 | −0.038% | $279.5M | $923.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,633.8 | −0.019% | $214.9M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,648.2 | −0.002% | $140.0M | $315.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,654.1 | +0.004% | $30.3M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,720.2 | +0.082% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,661 | +0.012% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,661 | +0.012% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,657.2 | +0.008% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,702.5 | +0.061% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,652.2 | +0.002% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,640.8 | −0.011% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,639 | −0.013% | $2.27B | $946.4M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,665.1 | +0.017% | $677.0M | $718.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,624.7 | −0.030% | $44.8M | $231.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,710.2 | +0.070% | — | $107.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,683.3 | +0.038% | $117.4M | $5.22B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,664.8 | +0.017% | $188.3M | $956.9M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,699.3 | +0.057% | $8.9M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]short | L +0.0201% / S −0.0177% | 1h | 85,671 | +0.024% | $13.1M | — | 200x | |
| Kalshi KXBTCPERP | +0.0222% | 8h | 85,692 | +0.049% | $12.0M | $757.2M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0229% | 1h | 85,667.7 | +0.020% | $78K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,695.5 | +0.053% | $703K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,696.7 | +0.054% | $503K | $18.8M | 6.7x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
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
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC