Funding you earn now, next payment 06:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.036%
Price spread now: GMX against BingX−0.111%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 0.111% cheaper against BingX than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FET-USDT | 0.1984 | 0.0199 | pay 0.0199% / 8h | 2h 41m | — | $6.0M | — |
| Short | GMX FET/USD [ETH-USDC] | 0.1982 | L +0.0201% / S −0.0301% | get 0.0038% / 1h | 41m 20s | $13K | — | 100x |
BingX FET-USDT
GMX FET/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BingX. 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
- $21.52
- Price spread: −0.111% → 0.000%
- −$11.14
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$11.62
- Costs to cover
- 0.220%
- Break-even
- 10.8 days
Slippage unknown: BingX: 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 BingX live order book, 4 min ago | 5.03 bp | 10.0 bp −$10 | 16.3 bp −$163 | 107.8 bp −$10.8K | 405.3 bp −$202.7K |
| 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.
FET on 20 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 FET_USDC-PERPETUAL | −0.3766% | 1h | 0.1984 | 0.000% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1990 | +0.302% | $148K | $258K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1983 | −0.074% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.310% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1982 | −0.083% | $190K | $809K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1984 | +0.008% | $30.2M | $114.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1983 | −0.050% | $2.6M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1984 | 0.000% | $29.9M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1985 | +0.050% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1987 | +0.159% | $273K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1983 | −0.050% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1985 | +0.032% | $33K | $198K | 10x | as long as short |
| BingX FET-USDTlong | +0.0199% | 8h | 0.1984 | long leg | — | $6.0M | — | |
| GMX FET/USD [ETH-USDC]short | L +0.0201% / S −0.0301% | 1h | 0.1982 | −0.111% | $13K | — | 100x | |
| Bitget FETUSDT | +0.0207% | 8h | 0.1985 | +0.050% | $16.0M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1983 | −0.050% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0369% | 4h | 0.1984 | 0.000% | $980K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0463% | 1h | 0.1985 | +0.063% | $966K | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1991 | +0.343% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0904% | 1h | 0.1987 | +0.141% | $8.5M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET