Funding arb · Price arb /

FLOKI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h +0.017%

Price spread now: Bybit against GMX+0.621%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Bybit

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

The price spread pays, funding is against you. Bybit is 0.621% dearer against GMX than usual: you sell high and buy low (spread +0.621% now, against zero (this spread has no 7-day history yet)): +$62 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX FLOKI/USD [WBTC.b-USDC]	0.00002900	L +0.0213% / S −0.0445%	pay 0.0027% / 1h	43m 28s	$822	—	100x
Short	Bybit 1000FLOKIUSDT	0.00002918	0.0100	get 0.0100% / 8h	7h 43m	$2.7M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GMX. 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 GMXbpFee BybitbpOrdersPrice spread, now +0.621%Rate

Funding earned: −$23.7
Price spread: +0.621% → 0.000%: $62.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $15.37
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago	1.73 bp	17.3 bp −$17	50.5 bp −$505	doesn't fit	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.

FLOKI on 19 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
Kraken Futures PF_FLOKIUSD	−0.1587%	1h	0.00002903	+0.088%	$99K	$111K	50x	as long as short
gTrade (Gains Network) FLOKI/USD	L +0.0005% / S −0.0004%	1h	0.00002916	+0.567%	—	—	150x	as long as short
Injective FLOKI/USDC PERP	+0.0033%	1h	0.00002777	−4.255%	$22	$565	5.5x	as long as short
Extended kFLOKI-USD	+0.0088%	1h	0.00002908	+0.289%	$5K	—	10x	as long as short
MEXC FLOKI_USDT	+0.0091%	8h	0.00002915	+0.517%	$7.5M	$5.7M	200x	as long as short
Binance 1000FLOKIUSDT	+0.0092%	8h	0.00002916	+0.550%	$4.7M	$22.5M	75x	as long as short
Lighter 1000FLOKI	+0.0096%	1h	0.00002912	+0.428%	$37K	$9K	5x	as long as short
Hyperliquid kFLOKI	+0.0100%	1h	0.00002917	+0.579%	$472K	$278K	5x	as long as short
Aster 1000FLOKIUSDT	+0.0100%	8h	0.00002910	+0.348%	$12K	$51K	10x	as long as short
Bybit 1000FLOKIUSDTshort	+0.0100%	8h	0.00002918	+0.621%	$2.7M	$4.3M	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FLOKI-USDT-SWAP	+0.0100%	8h	0.00002917	+0.586%	$1.1M	$5.2M	20x	as long as short
Gate FLOKI_USDT	+0.0100%	8h	0.00002911	+0.379%	$470K	$1.6M	50x	as long as short
KuCoin FLOKIUSDTM	+0.0100%	8h	0.00002916	+0.538%	$1.6M	$1.1M	75x	as long as short
Bitget FLOKIUSDT	+0.0100%	8h	0.00002915	+0.517%	$1.9M	$2.6M	75x	as long as short
BingX FLOKI-USDT	+0.0100%	8h	0.00002913	+0.448%	—	$10.6M	—	as long as short
Variational Omni 1000FLOKI	+0.0100%	8h	0.00002899	−0.033%	$58K	$53K	—	as long as short
HTX FLOKI-USDT	+0.0100%	8h	0.00002899	−0.034%	$109K	$109K	75x	as long as short
BloFin 1000FLOKI-USDT	+0.0208%	8h	0.00002895	−0.172%	$440K	$821K	75x	as long as short
GMX FLOKI/USD [WBTC.b-USDC]long	L +0.0213% / S −0.0445%	1h	0.00002900	long leg	$822	—	100x