Funding you earn now, next payment 23:00 UTC+0.1366%/8h= +149.6% APRnext payment +$1.71 per $10,000 · paid last 24h +0.533%
Price spread now: GMX against Deribit−0.023%7-day average −0.023% · 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)+1.412%+$141 on $10k
+Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.023%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$41 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 0.9918 | −0.0657 | get 0.0082% / 1h | 9m 41s | $171K | $23K | 25x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9916 | L +0.0600% / S −0.0709% | get 0.0089% / 1h | 9m 41s | $207K | — | 100x |
Deribit FIL_USDC-PERPETUAL
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- $286.92
- Price spread: −0.023% → −0.023%
- −$0.06
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $267.86
- Costs to cover
- 0.190%
- Break-even
- 0.5 days
Slippage unknown: Deribit: live order book, 9 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 Deribit live order book, 9 min ago | 3.03 bp | 19.7 bp −$20 | 28.6 bp −$286 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0692% | 1h | 0.9916 | −0.020% | $1.3M | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUALlong | −0.0657% | 1h | 0.9918 | long leg | $171K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9929 | +0.111% | $319K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.635% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9917 | −0.009% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9930 | +0.124% | $58K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0008% | 8h | 0.9918 | 0.000% | $10.8M | $21.6M | 75x | as long as short |
| KuCoin FILUSDTM | +0.0013% | 8h | 0.9920 | +0.020% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0033% | 8h | 0.9922 | +0.040% | $15.4M | $18.1M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0039% | 8h | 0.9918 | 0.000% | $18.2M | $98.3M | 50x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bitget FILUSDT
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0075% | 8h | 0.9911 | −0.071% | $252K | $105K | 50x | as long as short |
| Binance FILUSDT | +0.0076% | 8h | 0.9922 | +0.036% | $57.4M | $176.4M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9911 | −0.071% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDC | +0.0080% | 8h | 0.9915 | −0.030% | — | $6.5M | — | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9918 | +0.002% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9922 | +0.045% | $8.7M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9925 | +0.071% | $498K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9916 | −0.020% | $7.9M | $16.3M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9926 | +0.082% | $442K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9918 | −0.001% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9921 | +0.034% | $288K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.020% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9922 | +0.044% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9910 | −0.081% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9913 | −0.050% | $488 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9915 | −0.030% | $628K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9910 | −0.081% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0198% | 8h | 0.9923 | +0.050% | $2.7M | $659K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0600% / S −0.0709% | 1h | 0.9916 | −0.023% | $207K | — | 100x |
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate 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
BloFin FIL-USDT