Funding you earn now, next payment 00:00 UTC+0.0912%/8h= +99.8% APRnext payment +$1.14 per $10,000 · paid last 24h +0.292%
Price spread now: GMX against Backpack−0.013%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$27 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.2117 | 0.0100 | pay 0.0013% / 1h | 37m 29s | $97K | $130K | 10x |
| Short | GMX DOT/USD [WBTC.b-USDC] | 1.2115 | L +0.0303% / S −0.1012% | get 0.0126% / 1h | 37m 29s | $23K | — | 100x |
Backpack DOT_USDC_PERP
GMX DOT/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Backpack. 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
- $191.42
- Price spread: −0.013% → 0.000%
- −$1.27
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $168.15
- Costs to cover
- 0.220%
- Break-even
- 0.9 days
Slippage unknown: Backpack: live order book, 41 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 Backpack live order book, 41 min ago | 0.41 bp | 7.7 bp −$8 | doesn't fit | 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.
DOT on 29 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 DOT_USDC-PERPETUAL | −0.1233% | 1h | 1.2120 | +0.025% | $221K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2113 | −0.035% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2120 | +0.025% | $208K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2114 | −0.024% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2120 | +0.024% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0010% | 8h | 1.2112 | −0.041% | $9.6M | $24.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2123 | +0.052% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.801% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0049% | 8h | 1.2115 | −0.017% | $6.7M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2120 | +0.024% | $247K | $605K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2124 | +0.058% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2119 | +0.013% | $882K | $690K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2119 | +0.015% | $44.9M | $82.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2113 | −0.033% | $24.9M | $18.5M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2120 | +0.025% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2120 | +0.025% | $31.5M | $39.6M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2120 | +0.025% | $23.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2115 | −0.017% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.2117 | long leg | $97K | $130K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.2089 | −0.231% | $550K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2117 | 0.000% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2093 | −0.197% | $234K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2110 | −0.058% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2142 | +0.206% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2095 | −0.182% | $250K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2108 | −0.071% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2122 | +0.041% | $2.3M | $789K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC]short | L +0.0303% / S −0.1012% | 1h | 1.2115 | −0.013% | $23K | — | 100x | |
| Phemex DOTUSDT | +0.0306% | 8h | 1.2130 | +0.107% | $2.3M | $2.1M | 50x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT