Funding you earn now, next payment 05:00 UTC−0.0580%/8h= −63.6% APRpaid last 24h −0.178%
Price spread now: OKX against GMX+0.174%52s7-day average −0.074% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)−0.247%−$25 · spread now +0.174%, 7d avg −0.074%
=The price spread pays, funding is against you. OKX is 0.248% dearer against GMX than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of −0.074%): +$25 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 3 days (−0.270% in total) that is about 3.1 days. The two prices were read 52 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 +0.0587% / S −0.0261% | pay 0.0073% / 1h | 0m 33s | $264K | — | 100x |
| Short | OKX FIL-USDT-SWAP | 0.9916 | 0.0007 | get 0.0007% / 8h | 3h 00m | $18.1M | $106.5M | 50x |
GMX FIL/USD [WBTC.b-USDC]
OKX FIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$121.88
- Price spread: +0.174% → −0.074%
- $24.78
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$119.1
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.50 bp | 11.5 bp −$12 | 20.1 bp −$201 | 87.9 bp −$8,789 | 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 | −0.0557% | 1h | 0.9903 | +0.043% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9883 | −0.160% | $356K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9899 | −0.003% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9910 | +0.109% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAPshort | +0.0007% | 8h | 0.9916 | +0.174% | $18.1M | $106.5M | 50x | |
| KuCoin FILUSDTM | +0.0025% | 8h | 0.9910 | +0.113% | $7.2M | $7.8M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.442% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0067% | 1h | 0.9905 | +0.068% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9904 | +0.051% | $144K | $377K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9916 | +0.174% | $8.4M | $9.5M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9920 | +0.211% | $506K | $613K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9917 | +0.184% | $56.6M | $185.3M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9914 | +0.154% | $15.7M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9910 | +0.113% | $8.4M | $17.0M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9910 | +0.113% | $234K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9912 | +0.133% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9910 | +0.113% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9895 | −0.041% | $447K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9904 | +0.049% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9925 | +0.269% | $287K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | +0.012% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9908 | +0.089% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | +0.012% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9902 | +0.032% | $477 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9908 | +0.093% | $614K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | −0.089% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9909 | +0.105% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9899 | +0.002% | $2.7M | $702K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0587% / S −0.0261% | 1h | 0.9899 | long leg | $264K | — | 100x |
Aster FILUSDT
Binance FILUSDT
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