Funding you earn now, next payment 21:00 UTC−0.0681%/8h= −74.5% APRnext payment −$0.85 per $10,000 · paid last 24h +0.007%
Price spread now: Coinbase International against GMX+0.517%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
The price spread pays, funding is against you. Coinbase International is 0.517% dearer against GMX than usual: you sell high and buy low (spread +0.517% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2007 | L +0.0201% / S −0.0278% | pay 0.0025% / 1h | 34m 17s | $13K | — | 100x |
| Short | Coinbase International FET-PERP-INTX | 0.2017 | −0.0480 | pay 0.0060% / 1h | 34m 17s | $161K | $188K | 50x |
GMX FET/USD [ETH-USDC]
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$142.94
- Price spread: +0.517% → 0.000%
- $51.68
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$113.26
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 53 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 Coinbase International live order book, 53 min ago | 9.87 bp | 52.6 bp −$53 | doesn't fit | doesn't fit | 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 | −0.4216% | 1h | 0.2006 | −0.031% | $26K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0480% | 1h | 0.2017 | +0.517% | $161K | $188K | 50x | |
| Gate FET_USDT | −0.0073% | 8h | 0.2007 | +0.018% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2007 | +0.007% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2010 | +0.188% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2010 | +0.168% | $346K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2008 | +0.046% | $31.3M | $107.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2011 | +0.218% | $856K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2008 | +0.068% | $35.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2008 | +0.068% | $10.4M | $19.0M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2014 | +0.389% | $273K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2006 | −0.031% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2007 | +0.034% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0139% | 8h | 0.2010 | +0.168% | — | $5.6M | — | as long as short |
| Hyperliquid FET | +0.0150% | 1h | 0.2010 | +0.158% | $9.0M | $7.6M | 5x | as long as short |
| Bitget FETUSDT | +0.0155% | 8h | 0.2010 | +0.168% | $16.4M | $11.4M | 75x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0278% | 1h | 0.2007 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2013 | +0.317% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +1.165% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2015 | +0.432% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Hyperliquid FET
Bitget FETUSDT
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET