Funding you earn now, next payment 09:00 UTC−0.0381%/8h= −41.7% APRpaid last 24h −0.135%
Price spread now: BloFin against GMX−0.143%51s7-day average −0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.143%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BloFin is 0.121% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.022%). Swap the legs. The two prices were read 51 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] | 0.9900 | L +0.0601% / S −0.0280% | pay 0.0075% / 1h | 54m 13s | $265K | — | 100x |
| Short | BloFin FIL-USDT | 0.9886 | 0.0220 | get 0.0220% / 8h | 7h 54m | $2.7M | $656K | 75x |
GMX FIL/USD [WBTC.b-USDC]
BloFin FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$79.91
- Price spread: −0.143% → −0.022%
- −$12.06
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$115.97
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago | 1.51 bp | 9.0 bp −$9 | 14.2 bp −$142 | 31.6 bp −$3,161 | 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 | −0.0254% | 1h | 0.9906 | +0.059% | $170K | $23K | 25x | as long as short |
| Bybit FILUSDT | −0.0154% | 8h | 0.9896 | −0.042% | $15.3M | $20.3M | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0056% | 1h | 0.9910 | +0.100% | $354K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9901 | +0.009% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9907 | +0.071% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.456% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0083% | 8h | 0.9898 | −0.021% | $7.1M | $7.8M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9896 | −0.043% | $144K | $345K | 5x | as long as short |
| Kraken Futures PF_FILUSD | +0.0098% | 1h | 0.9905 | +0.051% | $1.4M | $2.1M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9906 | +0.057% | $8.3M | $9.4M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Bybit FILUSDT
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
Lighter FIL
Kraken Futures PF_FILUSD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9900 | +0.003% | $505K | $552K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9898 | −0.021% | $56.0M | $183.7M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9896 | −0.042% | $17.6M | $107.2M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9906 | +0.059% | $8.3M | $16.1M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9901 | +0.009% | $229K | $97K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9899 | −0.011% | $11.2M | $19.6M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9898 | −0.021% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9902 | +0.018% | $441K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9929 | +0.290% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9915 | +0.154% | $292K | $1.5M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.201% | $27K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9912 | +0.121% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | −0.001% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9898 | −0.021% | $472 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9912 | +0.120% | $617K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | −0.001% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9895 | −0.054% | $697K | $4.2M | 10x | as long as short |
| BloFin FIL-USDTshort | +0.0220% | 8h | 0.9886 | −0.143% | $2.7M | $656K | 75x | |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0601% / S −0.0280% | 1h | 0.9900 | long leg | $265K | — | 100x |
Aster FILUSDT
Binance FILUSDT
OKX FIL-USDT-SWAP
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