Funding you earn now, next payment 08:00 UTC+0.0435%/8h= +47.6% APRnext payment +$0.54 per $10,000 · paid last 24h +0.309%
Price spread now: Deribit against GMX+0.132%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.132% dearer against GMX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MEGA/USD [ETH-USDC] | 0.04554 | L +0.0237% / S −0.5353% | pay 0.0030% / 1h | 14m 35s | $3K | — | 45x |
| Short | Deribit MEGA_USDC-PERPETUAL | 0.04560 | 0.0672 | get 0.0084% / 1h | 14m 35s | $110 | $15 | 25x |
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $91.25
- Price spread: +0.132% → 0.000%
- $13.17
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $85.42
- Costs to cover
- 0.190%
- Break-even
- 0.4 days
Slippage unknown: GMX: no order-book sample; Deribit: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
GMX and Deribit: 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.
MEGA on 28 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) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04553 | −0.024% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0050% | 1h | 0.04557 | +0.064% | $196K | $140K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0056% | 4h | 0.04557 | +0.064% | $202K | $95K | 50x | as long as short |
| Lighter MEGA | +0.0096% | 1h | 0.04573 | +0.415% | $611K | $385K | 3x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04553 | −0.024% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04558 | +0.077% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04558 | +0.092% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04557 | +0.064% | $4.0M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04556 | +0.042% | $3.5M | $5.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04554 | −0.002% | $918K | $3.2M | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Lighter MEGA
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04557 | +0.064% | $205K | $329K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04557 | +0.064% | $766K | $408K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04552 | −0.046% | $227K | $121K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04558 | +0.086% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04555 | +0.020% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04559 | +0.114% | $322K | $228K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04550 | −0.084% | $22K | $2.0M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04550 | −0.090% | $23K | $226K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04550 | −0.090% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04550 | −0.090% | $134K | −$0 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04555 | +0.018% | $127K | $794K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04551 | −0.071% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04555 | +0.020% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC]long | L +0.0237% / S −0.5353% | 1h | 0.04554 | long leg | $3K | — | 45x | |
| Hyperliquid MEGA | +0.0372% | 1h | 0.04568 | +0.310% | $7.9M | $2.6M | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0459% | 1h | 0.04559 | +0.108% | $19K | $55K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUALshort | +0.0672% | 1h | 0.04560 | +0.132% | $110 | $15 | 25x | |
| Coinbase International MEGA-PERP-INTX | +0.1376% | 1h | 0.04589 | +0.777% | $5K | $12K | 50x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
Hyperliquid MEGA
Backpack MEGA_USDC_PERP
Coinbase International MEGA-PERP-INTX