Funding you earn now, next payment 02:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.333%
Price spread now: GMX against GRVT−0.040%7-day average +0.028% · 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)+1.253%+$125 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now −0.040%, 7d avg +0.028%
=Together, before fees+1.177%+ Points / potential airdropGRVT: Active · farm board+$118 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.068% cheaper against GRVT than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.028%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$15 a day). At the pace of the last 3 days (+1.253% in total) that is about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT FIL_USDT_Perp | 0.9947 | 0.0100 | pay 0.0100% / 8h | 6h 50m | $292K | $836K | 10x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9943 | L +0.0571% / S −0.0592% | get 0.0074% / 1h | 50m 26s | $201K | — | 100x |
GRVT FIL_USDT_Perp
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against GRVT. 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
- $103.27
- Price spread: −0.040% → +0.028%
- −$6.77
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $75.5
- Costs to cover
- 0.210%
- Break-even
- 1.9 days
Slippage unknown: GRVT: live order book, 18 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 GRVT live order book, 18 min ago | 10.02 bp | 33.6 bp −$34 | 57.4 bp −$574 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0453% | 1h | 0.9951 | +0.038% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 0.9940 | −0.073% | $373K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0192% | 1h | 0.9947 | −0.007% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0060% | 8h | 0.9951 | +0.038% | $18.1M | $99.2M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0043% | 8h | 0.9948 | +0.008% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0005% / S +0.0006% | 1h | 0.9943 | −0.044% | $35K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9948 | +0.009% | $58K | $2K | 10x | as long as short |
| Gate FIL_USDT | +0.0010% | 8h | 0.9946 | −0.012% | $8.2M | $15.8M | 50x | as long as short |
| Binance FILUSDT | +0.0023% | 8h | 0.9949 | +0.015% | $57.2M | $181.6M | 75x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9941 | −0.066% | $695K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Gate FIL_USDT
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.927% | $2K | $240K | 12x | as long as short |
| MEXC FIL_USDC | +0.0064% | 8h | 0.9931 | −0.163% | $244K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0092% | 8h | 0.9954 | +0.068% | $11.2M | $22.0M | 75x | as long as short |
| BloFin FIL-USDT | +0.0095% | 8h | 0.9934 | −0.133% | $2.7M | $608K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9942 | −0.053% | $160K | $342K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9952 | +0.051% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9949 | +0.019% | $507K | $611K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9954 | +0.068% | $15.6M | $18.8M | 25x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9944 | −0.032% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9935 | −0.123% | $447K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9940 | −0.068% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perplong | +0.0100% | 8h | 0.9947 | long leg | $292K | $836K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9960 | +0.128% | $30K | $194K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9946 | −0.013% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9940 | −0.073% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9940 | −0.073% | $494 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9947 | −0.002% | $640K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9940 | −0.073% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0571% / S −0.0592% | 1h | 0.9943 | −0.040% | $201K | — | 100x |
Injective FIL/USDC PERP
MEXC FIL_USDC
Bitget FILUSDT
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT