Funding you earn now, next payment 23:00 UTC+0.0663%/8h= +72.6% APRpaid last 24h +0.403%
Price spread now: GMX against Binance+0.051%7-day average +0.031% · 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)+1.250%+$125 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.051%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and GMX is 0.020% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 0.9881 | 0.0079 | pay 0.0079% / 8h | 1h 38m | $56.8M | $174.9M | 75x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9886 | L +0.0617% / S −0.0742% | get 0.0093% / 1h | 38m 29s | $214K | — | 100x |
Binance FILUSDT
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. 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
- $139.24
- Price spread: +0.051% → +0.031%
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $119.28
- Costs to cover
- 0.220%
- Break-even
- 1.0 days
Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago | 0.50 bp | 9.0 bp −$9 | 13.8 bp −$138 | 46.3 bp −$4,628 | 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.
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0962% | 1h | 0.9890 | +0.094% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0694% | 1h | 0.9890 | +0.090% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9916 | +0.357% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.261% | $2K | $240K | 12x | as long as short |
| Lighter FIL | −0.0040% | 1h | 0.9875 | −0.061% | $158K | $348K | 5x | as long as short |
| Bitget FILUSDT | −0.0018% | 8h | 0.9872 | −0.088% | $10.8M | $21.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9886 | +0.055% | $25K | — | 150x | as long as short |
| Bybit FILUSDT | −0.0003% | 8h | 0.9881 | +0.003% | $15.5M | $18.0M | 25x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9880 | −0.008% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0012% | 8h | 0.9886 | +0.053% | $7.4M | $7.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Lighter FIL
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
Bybit FILUSDT
dYdX FIL-USD
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0028% | 8h | 0.9880 | −0.007% | $18.2M | $96.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0076% | 8h | 0.9877 | −0.038% | $251K | $104K | 50x | as long as short |
| Binance FILUSDTlong | +0.0079% | 8h | 0.9881 | long leg | $56.8M | $174.9M | 75x | |
| Extended FIL-USD | +0.0080% | 1h | 0.9879 | −0.018% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0081% | 8h | 0.9882 | +0.013% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0091% | 8h | 0.9897 | +0.168% | $441K | $277K | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9885 | +0.039% | $8.7M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9886 | +0.058% | $489K | $524K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9883 | +0.023% | $7.8M | $16.2M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9889 | +0.086% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9885 | +0.046% | $296K | $793K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.094% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9889 | +0.089% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.007% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9882 | +0.013% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9894 | +0.134% | $626K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | −0.007% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0200% | 8h | 0.9887 | +0.063% | $2.6M | $656K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0617% / S −0.0742% | 1h | 0.9886 | +0.051% | $214K | — | 100x |
OKX FIL-USDT-SWAP
MEXC FIL_USDC
Extended FIL-USD
BingX FIL-USDT
Variational Omni FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT