Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: GMX against Bitget−0.410%7-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 0.410% cheaper against Bitget than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MEWUSDT | 0.0004629 | 0.0100 | pay 0.0050% / 4h | 50m 47s | $493K | $370K | 50x |
| Short | GMX MEW/USD [WBTC.b-USDC] | 0.0004610 | L 0.0000% / S 0.0000% | get 0.0000% / 1h | 50m 47s | — | — | 100x |
Bitget MEWUSDT
GMX MEW/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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: −0.410% → 0.000%
- −$41.05
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$86.05
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 65 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 Bitget live order book, 65 min ago | 9.67 bp | 29.8 bp −$30 | 274.4 bp −$2,744 | 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.
MEW on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEW/USD [WBTC.b-USDC]short | L 0.0000% / S 0.0000% | 1h | 0.0004610 | −0.410% | — | — | 100x | |
| Injective MEW/USDC PERP | +0.0033% | 1h | 0.0004219 | −8.857% | $46 | $14K | 5.5x | as long as short |
| Binance MEWUSDT | +0.0100% | 4h | 0.0004615 | −0.309% | $1.2M | $3.0M | 50x | as long as short |
| Bybit MEWUSDT | +0.0100% | 4h | 0.0004615 | −0.302% | $1.4M | $1.2M | 25x | as long as short |
| OKX MEW-USDT-SWAP | +0.0100% | 4h | 0.0004611 | −0.389% | $520K | $764K | 20x | as long as short |
| Gate MEW_USDT | +0.0100% | 4h | 0.0004620 | −0.194% | $135K | $121K | 50x | as long as short |
| MEXC MEW_USDT | +0.0100% | 4h | 0.0004623 | −0.130% | $384K | $173K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.0100% | 4h | 0.0004626 | −0.065% | $341K | $118K | 30x | as long as short |
| Bitget MEWUSDTlong | +0.0100% | 4h | 0.0004629 | long leg | $493K | $370K | 50x | |
| BingX MEW-USDT | +0.0100% | 4h | 0.0004624 | −0.108% | — | $24.2M | — | as long as short |
Injective MEW/USDC PERP
Binance MEWUSDT
Bybit MEWUSDT
OKX MEW-USDT-SWAP
Gate MEW_USDT
MEXC MEW_USDT
KuCoin MEWUSDTM
BingX MEW-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MEW | +0.0100% | 4h | 0.0004616 | −0.277% | $81K | $32K | — | as long as short |
| Kraken Futures PF_MEWUSD | +0.0968% | 1h | 0.0004623 | −0.127% | $92K | $110K | 10x | as long as short |
Variational Omni MEW
Kraken Futures PF_MEWUSD