Funding you earn now, next payment 07:00 UTC−0.0501%/8h= −54.9% APRpaid last 24h −0.151%
Price spread now: Binance against GMX−0.139%110s7-day average −0.029% · 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)−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.139%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Binance is 0.110% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9899 | L +0.0601% / S −0.0280% | pay 0.0075% / 1h | 37m 29s | $265K | — | 100x |
| Short | Binance FILUSDT | 0.9885 | 0.0100 | get 0.0100% / 8h | 1h 37m | $55.7M | $187.7M | 75x |
GMX FIL/USD [WBTC.b-USDC]
Binance FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$105.26
- Price spread: −0.139% → −0.029%
- −$10.98
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$138.24
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 6 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.50 bp | 8.5 bp −$8 | 14.9 bp −$149 | 49.4 bp −$4,936 | doesn't fit |
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 | −0.0659% | 1h | 0.9894 | −0.048% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9919 | +0.204% | $352K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9893 | −0.062% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9892 | −0.072% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.442% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0045% | 8h | 0.9887 | −0.119% | $17.9M | $109.1M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0057% | 8h | 0.9885 | −0.139% | $7.1M | $8.0M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9882 | −0.165% | $147K | $355K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9888 | −0.110% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9890 | −0.092% | $504K | $608K | 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 FILUSDTshort | +0.0100% | 8h | 0.9885 | −0.139% | $55.7M | $187.7M | 75x | |
| Bybit FILUSDT | +0.0100% | 8h | 0.9884 | −0.149% | $15.6M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9889 | −0.099% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9881 | −0.180% | $230K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9881 | −0.180% | $11.3M | $20.2M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9885 | −0.139% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9903 | +0.040% | $441K | $273K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9890 | −0.093% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9903 | +0.046% | $287K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.214% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9897 | −0.017% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.190% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9888 | −0.109% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9897 | −0.018% | $614K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | −0.190% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9884 | −0.154% | $697K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9891 | −0.078% | $2.6M | $674K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0247% | 1h | 0.9892 | −0.073% | $1.3M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0601% / S −0.0280% | 1h | 0.9899 | long leg | $265K | — | 100x |
Bybit 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