Funding you earn now, next payment 01:00 UTC+0.0438%/8h= +47.9% APRpaid last 24h +0.382%
Price spread now: GMX against SunX+0.294%55s7-day average +0.027% · 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)+1.233%+$123 on $10k
+Price spread, last 3 days (all we have)−0.343%−$34 · spread now +0.294%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.266% dearer against SunX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.027%. The two prices were read 55 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 | SunX FIL-USDT | 0.9990 | 0.0100 | pay 0.0100% / 8h | 7h 14m | $3K | $1.1M | 20x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 1.0019 | L +0.0544% / S −0.0538% | get 0.0067% / 1h | 14m 27s | $199K | — | 100x |
SunX FIL-USDT
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SunX. 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
- $91.93
- Price spread: +0.294% → +0.027%
- $26.61
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $98.54
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: SunX: 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 SunX live order book, 9 min ago | 25.24 bp | 63.8 bp −$64 | 95.1 bp −$951 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9990 | 0.000% | $320K | $1.8M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0328% | 1h | 0.9996 | +0.059% | $1.4M | $2.4M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0250% | 1h | 0.9997 | +0.070% | $172K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0038% | 8h | 1.0018 | +0.280% | $18.3M | $98.2M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0036% | 8h | 0.9989 | −0.010% | $7.5M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0021 | +0.308% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9990 | +0.003% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9987 | −0.031% | $698K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0033% | 8h | 1.0020 | +0.298% | $57.9M | $178.0M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.351% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0067% | 8h | 0.9993 | +0.030% | $247K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0076% | 8h | 1.0009 | +0.190% | $11.0M | $21.2M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9985 | −0.046% | $160K | $348K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9996 | +0.059% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9995 | +0.050% | $509K | $566K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0021 | +0.310% | $15.7M | $18.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0020 | +0.300% | $8.3M | $16.3M | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0022 | +0.320% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9967 | −0.226% | $449K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9946 | −0.444% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9948 | −0.421% | $296K | $837K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | −0.400% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0025 | +0.351% | $5K | — | 10x | as long as short |
| SunX FIL-USDTlong | +0.0100% | 8h | 0.9990 | long leg | $3K | $1.1M | 20x | |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9989 | −0.010% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9997 | +0.070% | $639K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | 0.000% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0126% | 8h | 0.9993 | +0.030% | $2.7M | $592K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0544% / S −0.0538% | 1h | 1.0019 | +0.294% | $199K | — | 100x |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT