Funding you earn now, next payment 03:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.026%
Price spread now: MEXC against GMX+0.171%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. MEXC is 0.171% dearer against GMX than usual: you sell high and buy low (spread +0.171% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2056 | L +0.0202% / S −0.0278% | pay 0.0025% / 1h | 13m 45s | $14K | — | 100x |
| Short | MEXC FET_USDT | 0.2060 | 0.0100 | get 0.0100% / 8h | 5h 13m | $30.8M | $24.3M | 200x |
GMX FET/USD [ETH-USDC]
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$21.41
- Price spread: +0.171% → 0.000%
- $17.07
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$16.34
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 2.43 bp | 2.4 bp −$2 | 10.5 bp −$105 | 48.5 bp −$4,854 | 173.7 bp −$86.9K |
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 | −0.3626% | 1h | 0.2056 | −0.024% | $39K | $294K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2057 | +0.025% | $151K | $232K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2056 | −0.002% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.261% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2058 | +0.076% | $215K | $771K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2059 | +0.144% | $31.9M | $112.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2057 | +0.025% | $2.8M | $12.5M | 50x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2060 | +0.171% | $30.8M | $24.3M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2058 | +0.073% | $10.8M | $18.9M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2060 | +0.175% | $345K | $424K | — | 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
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 | 0.2055 | −0.072% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2058 | +0.050% | $34K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0113% | 1h | 0.2058 | +0.090% | $1.0M | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0202% / S −0.0278% | 1h | 0.2056 | long leg | $14K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2058 | +0.073% | $1.7M | $3.0M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0249% | 4h | 0.2062 | +0.268% | $1.1M | $8.3M | 20x | as long as short |
| BingX FET-USDT | +0.0385% | 8h | 0.2058 | +0.073% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0392% | 8h | 0.2059 | +0.122% | $16.7M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0516% | 1h | 0.2059 | +0.107% | $9.0M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2061 | +0.210% | $36K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET