Funding you earn now, next payment 04:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.034%
Price spread now: GRVT against GMX−0.869%69s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.869% cheaper against GMX than usual: you would sell low and buy high (−$87 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 69 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 | GMX MEGA/USD [ETH-USDC] | 0.04604 | L +0.0238% / S −0.5353% | pay 0.0030% / 1h | 53m 54s | $3K | — | 45x |
| Short | GRVT MEGA_USDT_Perp | 0.04564 | 0.0100 | get 0.0050% / 4h | 53m 54s | $24K | $1.8M | 10x |
GMX MEGA/USD [ETH-USDC]
GRVT MEGA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$28.9
- Price spread: −0.869% → 0.000%
- −$86.88
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$136.78
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; GRVT: 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 GRVT live order book, 4 min ago | 3.30 bp | 41.5 bp −$41 | doesn't fit | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0744% | 1h | 0.04589 | −0.315% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04603 | −0.024% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0002% | 1h | 0.04604 | 0.000% | $200K | $142K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04603 | −0.016% | $18K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04600 | −0.085% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04605 | +0.016% | $4.1M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04603 | −0.022% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04602 | −0.043% | $943K | $3.2M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04604 | 0.000% | $200K | $319K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04604 | 0.000% | $828K | $368K | 50x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDT
MEXC MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04606 | +0.043% | $231K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04605 | +0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04602 | −0.043% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04587 | −0.375% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perpshort | +0.0100% | 4h | 0.04564 | −0.869% | $24K | $1.8M | 10x | |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04563 | −0.891% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04602 | −0.043% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04598 | −0.130% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04550 | −1.173% | $134K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04601 | −0.059% | $128K | $821K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0155% | 4h | 0.04584 | −0.434% | $204K | $95K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04604 | −0.005% | $3 | — | 3x | as long as short |
| Hyperliquid MEGA | +0.0163% | 1h | 0.04611 | +0.161% | $8.0M | $2.6M | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04550 | −1.173% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC]long | L +0.0238% / S −0.5353% | 1h | 0.04604 | long leg | $3K | — | 45x | |
| Backpack MEGA_USDC_PERP | +0.0483% | 1h | 0.04608 | +0.087% | $19K | $47K | 5x | as long as short |
| Lighter MEGA | +0.0528% | 1h | 0.04626 | +0.478% | $654K | $337K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1596% | 1h | 0.04612 | +0.174% | $112 | $15 | 25x | as long as short |
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Hyperliquid MEGA
Phoenix MEGA
Backpack MEGA_USDC_PERP
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL