BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.021%

Price spread now: GMX against StandX+0.073%7-day average +0.049% · you sell dearer than you buy

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

Long on StandX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.073%, 7d avg +0.049%

Together, before fees+0.036%+ Points / potential airdropStandX: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.023% dearer against StandX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BTC-USD	85,186.1	0.0100	pay 0.0013% / 1h	20m 33s	$30.1M	$207.1M	40x
Short	GMX BTC/USD [WBTC.b-USDC]	85,248	L +0.0176% / S −0.0151%	get 0.0019% / 1h	20m 33s	$13.0M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against StandX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 StandXbpFee GMXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $10.66
Price spread: +0.073% → +0.049%: $2.34
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$7
Costs to cover: 0.200%
Break-even: 11.6 days

Slippage unknown: StandX: live order book, 4 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 StandX live order book, 4 min ago	0.65 bp	4.6 bp −$5	5.9 bp −$59	7.8 bp −$775	9.1 bp −$4,535
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
Perpl BTC	−0.0112%	43m	85,249.9	+0.075%	$524K	$18.4M	6.7x	as long as short
Phoenix BTC	−0.0111%	1h	85,134	−0.061%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,313	+0.149%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0054%	8h	85,269.9	+0.098%	$922.9M	$764.2M	125x	as long as short
BloFin BTC-USDT	−0.0034%	8h	85,226.9	+0.048%	$419.4M	$680.0M	150x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	85,304.5	+0.139%	$354K	$2.4M	50x	as long as short
Aster BTCUSDT	−0.0015%	8h	85,285.9	+0.117%	$512.5M	$1.09B	200x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,297	+0.130%	$16.7M	$21.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,249.2	+0.074%	$36.4M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	85,225	+0.046%	$338K	$26.8M	52x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0035%	1h	85,254.5	+0.080%	$24.8M	$222.4M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,235	+0.057%	$187.1M	$953.3M	100x	as long as short
BingX BTC-USDT	+0.0068%	8h	85,291.7	+0.124%	—	$1.56B	—	as long as short
Deribit BTC-PERPETUAL	+0.0075%	1h	85,257.1	+0.083%	$867.0M	$1.61B	50x	as long as short
Phemex BTCUSDT	+0.0078%	8h	85,225.3	+0.046%	$147.3M	$505.4M	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,219.2	+0.039%	$2.4M	$6.7M	20x	as long as short
Bitget BTCUSDT	+0.0085%	8h	85,292	+0.124%	$2.95B	$5.16B	150x	as long as short
MEXC BTC_USDT	+0.0086%	8h	85,294.4	+0.127%	$5.05B	$5.73B	500x	as long as short
Binance BTCUSDT	+0.0086%	8h	85,310.2	+0.146%	$9.43B	$24.82B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,298.5	+0.132%	$171.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,302.9	+0.137%	$23.7M	$148.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,296	+0.129%	$8.3M	$55.8M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,260.8	+0.088%	$116.9M	$5.39B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,268	+0.096%	$238K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,350.5	+0.193%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,367	+0.212%	$3.75B	$5.06B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,311.6	+0.147%	$40.2M	$599.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,284.3	+0.115%	$5.14B	$9.94B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,290	+0.122%	$2.58B	$12.19B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,299	+0.133%	$3.8M	$17.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,296.6	+0.130%	$4.6M	$99.1M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,163.7	−0.026%	$678.5M	$565.0M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,290.4	+0.122%	$5.51B	$11.00B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,223.2	+0.044%	$36.3M	$176.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,218.8	+0.038%	$154.2M	$561.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,112.3	−0.087%	$279.0M	$947.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,107.4	−0.092%	$213.8M	$166.1M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,093.4	−0.109%	$139.1M	$315.0M	100x	as long as short
StandX BTC-USDlong	+0.0100%	1h	85,186.1	long leg	$30.1M	$207.1M	40x
Vest BTC-PERP	+0.0100%	1h	85,327.9	+0.166%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,268	+0.096%	$11.0M	$14.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,259	+0.086%	$205K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,230.1	+0.052%	$2.6M	$9.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,269.2	+0.098%	$228K	$760K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,204.5	+0.022%	$29.9M	$48.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,101.4	−0.099%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,223	+0.043%	$59.7M	$336.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,219	+0.039%	$2.26B	$942.4M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,265	+0.093%	$45.1M	$239.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,281.5	+0.112%	—	$106.9M	500x	as long as short
Reya BTCRUSDPERP	+0.0116%	1h	85,260	+0.087%	$6.6M	$147.4M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]short	L +0.0176% / S −0.0151%	1h	85,248	+0.073%	$13.0M	—	200x
Kalshi KXBTCPERP	+0.0183%	8h	85,273	+0.102%	$11.5M	$743.3M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0222%	1h	85,197.4	+0.013%	$78K	$227K	20x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,232.1	+0.054%	$688K	$8.0M	30x	as long as short
RISEx BTC/USDC	+0.0257%	1h	85,317.8	+0.155%	$8.7M	$43.2M	25x	as long as short