Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.289%
Price spread now: GMX against Bybit−0.041%7-day average +0.052% · 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)+1.308%+$131 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.041%, 7d avg +0.052%
=Funding pays, the price is against you. GMX is 0.093% cheaper against Bybit than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.052%). If the spread goes back, that is −$9 on $10k: about 41 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+1.308% in total) that is about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9939 | 0.0100 | pay 0.0100% / 8h | 2h 20m | $15.6M | $20.5M | 25x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9935 | L +0.0603% / S −0.0280% | get 0.0035% / 1h | 20m 19s | $266K | — | 100x |
Bybit FILUSDT
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bybit. 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
- $37.83
- Price spread: −0.041% → +0.052%
- −$9.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $5.51
- Costs to cover
- 0.230%
- Break-even
- 6.0 days
Slippage unknown: Bybit: 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 Bybit live order book, 3 min ago | 0.51 bp | 10.3 bp −$10 | 32.2 bp −$322 | doesn't fit | 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 | −0.0353% | 1h | 0.9941 | +0.020% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9940 | +0.010% | $341K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9934 | −0.046% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9928 | −0.110% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.845% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0038% | 8h | 0.9939 | 0.000% | $18.0M | $108.8M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0056% | 8h | 0.9938 | −0.010% | $7.2M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9932 | −0.069% | $148K | $379K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9931 | −0.084% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9940 | +0.010% | $507K | $613K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
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 | 0.9941 | +0.020% | $56.2M | $186.5M | 75x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9939 | long leg | $15.6M | $20.5M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9936 | −0.030% | $8.3M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9937 | −0.020% | $234K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9934 | −0.050% | $11.3M | $20.1M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9932 | −0.070% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9896 | −0.435% | $448K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9847 | −0.928% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9842 | −0.974% | $295K | $1.2M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.996% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9947 | +0.077% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9930 | −0.091% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9935 | −0.040% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9944 | +0.050% | $619K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | −0.091% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9930 | −0.087% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9902 | −0.372% | $2.7M | $690K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0250% | 1h | 0.9941 | +0.016% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0603% / S −0.0280% | 1h | 0.9935 | −0.041% | $266K | — | 100x |
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
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
BloFin FIL-USDT
Kraken Futures PF_FILUSD