FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0477%/8h= +52.3% APRnext payment +$0.60 per $10,000 · paid last 24h +0.454%

Price spread now: GMX against Coinbase International−0.079%7-day average −0.056% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.413%+$141 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.079%, 7d avg −0.056%

Together, before fees+1.551%+$155 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.056%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+1.413% in total) that is about 1 hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International FIL-PERP-INTX	1.0010	−0.0240	get 0.0030% / 1h	58m 53s	$366K	$2.1M	50x
Short	GMX FIL/USD [WBTC.b-USDC]	1.0002	L +0.0574% / S −0.0237%	get 0.0030% / 1h	58m 53s	$267K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $100.27
Price spread: −0.079% → −0.056%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $76
Costs to cover: 0.220%
Break-even: 1.7 days

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 5 min ago	6.00 bp	12.8 bp −$13	17.0 bp −$170	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
Coinbase International FIL-PERP-INTXlong	−0.0240%	1h	1.0010	long leg	$366K	$2.1M	50x
OKX FIL-USDT-SWAP	−0.0029%	8h	0.9995	−0.150%	$18.5M	$105.4M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	1.0001	−0.087%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	1.0017	+0.072%	$58K	$2K	10x	as long as short
KuCoin FILUSDTM	+0.0008%	8h	0.9989	−0.210%	$7.3M	$7.6M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.548%	$2K	$240K	12x	as long as short
Kraken Futures PF_FILUSD	+0.0066%	1h	1.0001	−0.094%	$1.4M	$2.3M	50x	as long as short
SoDEX FIL-USD	+0.0089%	1h	0.9993	−0.170%	$480	$11K	5x	as long as short
Lighter FIL	+0.0096%	1h	0.9995	−0.146%	$154K	$354K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9998	−0.120%	$8.5M	$9.4M	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FILUSDT	+0.0100%	8h	1.0004	−0.065%	$514K	$610K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9995	−0.150%	$57.5M	$183.7M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9995	−0.150%	$15.7M	$20.1M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9996	−0.140%	$8.5M	$16.6M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9987	−0.230%	$242K	$102K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9992	−0.180%	$11.2M	$20.3M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9994	−0.160%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0019	+0.087%	$451K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0013	+0.028%	$46K	$297K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9996	−0.135%	$298K	$1.0M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0000	−0.100%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0010	+0.001%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9990	−0.200%	$3K	$1.1M	20x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0003	−0.070%	$623K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9980	−0.300%	$1.2M	$2.5M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9992	−0.176%	$711K	$3.3M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	1.0023	+0.130%	$2.7M	$668K	75x	as long as short
Deribit FIL_USDC-PERPETUAL	+0.0449%	1h	1.0020	+0.100%	$172K	$23K	25x	as long as short
GMX FIL/USD [WBTC.b-USDC]short	L +0.0574% / S −0.0237%	1h	1.0002	−0.079%	$267K	—	100x