Funding arb · Price arb /

FLOKI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h 0.000%

Price spread now: GMX against Bybit−3.348%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 3.348% cheaper against Bybit than usual: you would sell low and buy high (spread −3.348% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$335 on $10k: about 32 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000FLOKIUSDT	0.00002897	0.0100	pay 0.0100% / 8h	6h 06m	$2.7M	$4.3M	50x
Short	GMX FLOKI/USD [WBTC.b-USDC]	0.00002800	L +0.0213% / S −0.0445%	get 0.0056% / 1h	6m 55s	$815	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GMXbpOrdersPrice spread, now −3.348%Rate

Funding earned: $72.48
Price spread: −3.348% → 0.000%: −$334.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$285.35
Costs to cover: 0.230%
Break-even: 34.6 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	3.45 bp	18.2 bp −$18	52.4 bp −$524	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.

FLOKI on 18 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
gTrade (Gains Network) FLOKI/USD	L +0.0005% / S −0.0004%	1h	0.00002895	−0.075%	—	—	150x	as long as short
Injective FLOKI/USDC PERP	+0.0033%	1h	0.00002777	−4.156%	$22	$565	5.5x	as long as short
Lighter 1000FLOKI	+0.0096%	1h	0.00002901	+0.131%	$42K	$14K	5x	as long as short
Hyperliquid kFLOKI	+0.0100%	1h	0.00002899	+0.059%	$478K	$290K	5x	as long as short
Aster 1000FLOKIUSDT	+0.0100%	8h	0.00002897	−0.013%	$11K	$50K	10x	as long as short
Binance 1000FLOKIUSDT	+0.0100%	8h	0.00002897	0.000%	$4.7M	$23.5M	75x	as long as short
Bybit 1000FLOKIUSDTlong	+0.0100%	8h	0.00002897	long leg	$2.7M	$4.3M	50x
OKX FLOKI-USDT-SWAP	+0.0100%	8h	0.00002896	−0.035%	$1.1M	$5.3M	20x	as long as short
Gate FLOKI_USDT	+0.0100%	8h	0.00002894	−0.104%	$483K	$1.6M	50x	as long as short
MEXC FLOKI_USDT	+0.0100%	8h	0.00002897	0.000%	$7.2M	$6.0M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin FLOKIUSDTM	+0.0100%	8h	0.00002895	−0.055%	$1.7M	$1.1M	75x	as long as short
Bitget FLOKIUSDT	+0.0100%	8h	0.00002897	0.000%	$1.9M	$2.7M	75x	as long as short
BingX FLOKI-USDT	+0.0100%	8h	0.00002895	−0.069%	—	$10.7M	—	as long as short
Variational Omni 1000FLOKI	+0.0100%	8h	0.00002894	−0.104%	$63K	$58K	—	as long as short
HTX FLOKI-USDT	+0.0100%	8h	0.00002892	−0.173%	$109K	$111K	75x	as long as short
Extended kFLOKI-USD	+0.0104%	1h	0.00002896	−0.040%	$5K	—	10x	as long as short
GMX FLOKI/USD [WBTC.b-USDC]short	L +0.0213% / S −0.0445%	1h	0.00002800	−3.348%	$815	—	100x
Kraken Futures PF_FLOKIUSD	+0.1736%	1h	0.00002902	+0.156%	$101K	$118K	50x	as long as short