Funding you earn now, next payment 23:00 UTC+0.1006%/8h= +110.1% APRnext payment +$1.26 per $10,000 · paid last 24h +0.037%
Price spread now: GMX against Coinbase International+0.052%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and GMX is 0.052% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FET-PERP-INTX | 0.2048 | −0.0728 | get 0.0091% / 1h | 57m 53s | $153K | $205K | 50x |
| Short | GMX FET/USD [ETH-USDC] | 0.2049 | L +0.0201% / S −0.0278% | get 0.0035% / 1h | 57m 53s | $14K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Coinbase International. 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
- $211.21
- Price spread: +0.052% → 0.000%
- $5.18
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $194.39
- Costs to cover
- 0.220%
- Break-even
- 0.6 days
Slippage unknown: Coinbase International: live order book, 20 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 Coinbase International live order book, 20 min ago | 7.45 bp | 29.0 bp −$29 | 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.
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 | −0.3153% | 1h | 0.2050 | +0.098% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0728% | 1h | 0.2048 | long leg | $153K | $205K | 50x | |
| Kraken Futures PF_FETUSD | −0.0475% | 1h | 0.2052 | +0.189% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2050 | +0.089% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.855% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0073% | 8h | 0.2048 | 0.000% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2049 | +0.060% | $342K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2049 | +0.049% | $32.0M | $108.0M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2048 | 0.000% | $34.3M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2050 | +0.098% | $10.6M | $19.1M | 50x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2038 | −0.477% | $288K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2049 | +0.049% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2050 | +0.076% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC]short | L +0.0201% / S −0.0278% | 1h | 0.2049 | +0.052% | $14K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2048 | 0.000% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0270% | 4h | 0.2052 | +0.195% | $996K | $7.8M | 20x | as long as short |
| BingX FET-USDT | +0.0318% | 8h | 0.2050 | +0.098% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0335% | 8h | 0.2051 | +0.146% | $16.5M | $11.5M | 75x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2042 | −0.288% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.1030% | 1h | 0.2052 | +0.176% | $9.1M | $8.0M | 5x | as long as short |
Coinbase International FET-PERP-INTX
GMX FET/USD [ETH-USDC]
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Extended FET-USD
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET
Hyperliquid FET