Funding you earn now, next payment 23:00 UTC+0.1025%/8h= +112.3% APRnext payment +$1.28 per $10,000 · paid last 24h +0.473%
Price spread now: GMX against Deribit−0.045%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
Funding pays, the price is against you. GMX is 0.045% cheaper against Deribit than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$31 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.2089 | 0 | get 0.0000% / 1h | 23m 26s | $221K | $117K | 50x |
| Short | GMX DOT/USD [WBTC.b-USDC] | 1.2084 | L +0.0304% / S −0.1025% | get 0.0128% / 1h | 23m 26s | $23K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- $215.3
- Price spread: −0.045% → 0.000%
- −$4.47
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $191.83
- Costs to cover
- 0.190%
- Break-even
- 0.8 days
Slippage unknown: Deribit: live order book, 60 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 Deribit live order book, 60 min ago | 9.54 bp | 14.7 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2075 | −0.118% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2080 | −0.074% | $186K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2089 | −0.001% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.571% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0019% | 8h | 1.2083 | −0.050% | $9.6M | $23.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2090 | +0.005% | $146K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUALlong | 0.0000% | 1h | 1.2089 | long leg | $221K | $117K | 50x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2082 | −0.060% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0029% | 8h | 1.2088 | −0.008% | $6.9M | $8.6M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2092 | +0.022% | $247K | $602K | 10x | as long as short |
Show all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DOT-USD | +0.0096% | 1h | 1.2086 | −0.024% | $15K | $235K | 25x | as long as short |
| MEXC DOT_USDT | +0.0098% | 8h | 1.2087 | −0.017% | $28.2M | $37.4M | 300x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2080 | −0.074% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2091 | +0.019% | $899K | $659K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2090 | +0.006% | $44.5M | $81.4M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2084 | −0.041% | $24.7M | $18.1M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2090 | +0.008% | $6.9M | $11.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2084 | −0.041% | $23.2M | $14.3M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2090 | +0.008% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2078 | −0.091% | $96K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2036 | −0.438% | $548K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2051 | −0.314% | $35K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2050 | −0.323% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2070 | −0.157% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2091 | +0.017% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2090 | +0.008% | $249K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0216% | 8h | 1.2057 | −0.265% | $2.3M | $770K | 75x | as long as short |
| Phemex DOTUSDT | +0.0299% | 8h | 1.2100 | +0.091% | $2.2M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC]short | L +0.0304% / S −0.1025% | 1h | 1.2084 | −0.045% | $23K | — | 100x |
Deribit DOT_USDC-PERPETUAL
GMX DOT/USD [WBTC.b-USDC]
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Lighter DOT
Extended DOT-USD
MEXC DOT_USDT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
Phemex DOTUSDT