Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: GMX against Binance−0.098%50s7-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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.098% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | Binance MEMEUSDT | 0.0006136 | 0.0100 | pay 0.0050% / 4h | 31m 29s | $2.5M | $4.5M | 50x |
| Short | GMX MEME/USD [WBTC.b-USDC] | 0.0006130 | L 0.0000% / S 0.0000% | get 0.0000% / 1h | 31m 29s | — | — | 100x |
Binance MEMEUSDT
GMX MEME/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. 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
- −$21
- Price spread: −0.098% → 0.000%
- −$9.78
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$52.78
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago | 3.26 bp | 17.9 bp −$18 | 69.0 bp −$690 | 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.
MEME on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEMEUSDT | −0.0087% | 4h | 0.0006136 | 0.000% | $1.3M | $556K | 50x | as long as short |
| GMX MEME/USD [WBTC.b-USDC]short | L 0.0000% / S 0.0000% | 1h | 0.0006130 | −0.098% | — | — | 100x | |
| Hyperliquid MEME | +0.0100% | 1h | 0.0006140 | +0.065% | $561K | $154K | 3x | as long as short |
| Binance MEMEUSDTlong | +0.0100% | 4h | 0.0006136 | long leg | $2.5M | $4.5M | 50x | |
| OKX MEME-USDT-SWAP | +0.0100% | 4h | 0.0006133 | −0.049% | $618K | $1.9M | 20x | as long as short |
| Gate MEME_USDT | +0.0100% | 4h | 0.0006134 | −0.033% | $427K | $76K | 20x | as long as short |
| MEXC MEME_USDT | +0.0100% | 4h | 0.0006139 | +0.049% | $921K | $338K | 50x | as long as short |
| KuCoin MEMEUSDTM | +0.0100% | 4h | 0.0006132 | −0.065% | $183K | $53K | 30x | as long as short |
| Bitget MEMEUSDT | +0.0100% | 4h | 0.0006138 | +0.033% | $442K | $751K | 25x | as long as short |
| BingX MEME-USDT | +0.0100% | 4h | 0.0006134 | −0.033% | — | $2.4M | — | as long as short |
Bybit MEMEUSDT
Hyperliquid MEME
OKX MEME-USDT-SWAP
Gate MEME_USDT
MEXC MEME_USDT
KuCoin MEMEUSDTM
Bitget MEMEUSDT
BingX MEME-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MEME-USDT | +0.0106% | 4h | 0.0006131 | −0.081% | $129K | $6K | 50x | as long as short |
BloFin MEME-USDT