Funding you earn now, next payment 06:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.026%
Price spread now: Binance against GMX−0.022%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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.022% cheaper against GMX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.1981 | L +0.0201% / S −0.0301% | pay 0.0025% / 1h | 39m 49s | $13K | — | 100x |
| Short | Binance FETUSDT | 0.1981 | 0.0100 | get 0.0100% / 8h | 2h 39m | $30.2M | $114.8M | 75x |
GMX FET/USD [ETH-USDC]
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$21.17
- Price spread: −0.022% → 0.000%
- −$2.17
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$45.34
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 3 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 3 min ago | 2.52 bp | 10.0 bp −$10 | 22.8 bp −$228 | 110.2 bp −$11.0K | doesn't fit |
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 | −0.3266% | 1h | 0.1984 | +0.130% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1982 | +0.029% | $147K | $257K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1982 | +0.045% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.442% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1982 | +0.029% | $190K | $809K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.1981 | −0.022% | $30.2M | $114.8M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.1981 | −0.022% | $2.6M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1982 | +0.029% | $29.7M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1983 | +0.079% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1985 | +0.189% | $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
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 | 0.1982 | +0.029% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1983 | +0.093% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0199% | 8h | 0.1981 | −0.022% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0301% | 1h | 0.1981 | long leg | $13K | — | 100x | |
| Bitget FETUSDT | +0.0205% | 8h | 0.1981 | −0.022% | $16.0M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1983 | +0.079% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0362% | 4h | 0.1980 | −0.072% | $976K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0463% | 1h | 0.1984 | +0.133% | $966K | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1991 | +0.473% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0890% | 1h | 0.1985 | +0.180% | $8.4M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET