Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.258%
Price spread now: GMX against BloFin+0.074%7-day average +0.021% · 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)+1.174%+$117 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.074%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.053% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FIL-USDT | 0.9946 | 0.0220 | pay 0.0220% / 8h | 2h 14m | $2.6M | $694K | 75x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9953 | L +0.0602% / S −0.0280% | get 0.0035% / 1h | 14m 58s | $266K | — | 100x |
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- $12.63
- Price spread: +0.074% → +0.021%
- $5.32
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$6.06
- Costs to cover
- 0.240%
- Break-even
- 10.4 days
Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 0.50 bp | 9.9 bp −$10 | 15.6 bp −$156 | 40.1 bp −$4,013 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9950 | +0.040% | $341K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0151% | 1h | 0.9966 | +0.201% | $171K | $23K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9960 | +0.141% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9943 | −0.032% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.915% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0043% | 8h | 0.9973 | +0.271% | $18.1M | $109.4M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0061% | 8h | 0.9964 | +0.181% | $7.3M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9962 | +0.159% | $148K | $379K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9967 | +0.210% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9972 | +0.259% | $509K | $613K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9975 | +0.295% | $56.4M | $186.9M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9974 | +0.282% | $15.7M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9968 | +0.221% | $8.4M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9960 | +0.141% | $235K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9973 | +0.271% | $11.4M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9973 | +0.271% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9941 | −0.052% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9944 | −0.017% | $45K | $298K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9945 | −0.013% | $298K | $1.2M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | +0.040% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9964 | +0.184% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9930 | −0.161% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9963 | +0.171% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9972 | +0.261% | $621K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9960 | +0.141% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9965 | +0.194% | $700K | $1.4M | 10x | as long as short |
| BloFin FIL-USDTlong | +0.0220% | 8h | 0.9946 | long leg | $2.6M | $694K | 75x | |
| Kraken Futures PF_FILUSD | +0.0249% | 1h | 0.9973 | +0.270% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0602% / S −0.0280% | 1h | 0.9953 | +0.074% | $266K | — | 100x |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
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
Extended FIL-USD
Kraken Futures PF_FILUSD