Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: GMX against OKX−0.042%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 0.042% cheaper against OKX than usual: you would sell low and buy high (−$4 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 | OKX MEW-USDT-SWAP | 0.0004722 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $544K | $874K | 20x |
| Short | GMX MEW/USD [WBTC.b-USDC] | 0.0004720 | L 0.0000% / S 0.0000% | get 0.0000% / 1h | 52m 54s | — | — | 100x |
OKX MEW-USDT-SWAP
GMX MEW/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against OKX. 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: −0.042% → 0.000%
- −$4.24
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$47.24
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 58 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 OKX live order book, 58 min ago | 5.22 bp | 42.6 bp −$43 | 12393.1 bp −$123.9K | 200286.8 bp −$20.03M | 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 | 0.0004720 | −0.042% | — | — | 100x | |
| Injective MEW/USDC PERP | +0.0033% | 1h | 0.0004219 | −10.652% | $46 | $14K | 5.5x | as long as short |
| Binance MEWUSDT | +0.0100% | 4h | 0.0004730 | +0.178% | $1.3M | $3.4M | 50x | as long as short |
| Bybit MEWUSDT | +0.0100% | 4h | 0.0004727 | +0.106% | $1.5M | $1.4M | 25x | as long as short |
| OKX MEW-USDT-SWAPlong | +0.0100% | 4h | 0.0004722 | long leg | $544K | $874K | 20x | |
| Gate MEW_USDT | +0.0100% | 4h | 0.0004719 | −0.064% | $141K | $135K | 50x | as long as short |
| MEXC MEW_USDT | +0.0100% | 4h | 0.0004729 | +0.148% | $379K | $176K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.0100% | 4h | 0.0004718 | −0.085% | $327K | $127K | 30x | as long as short |
| Bitget MEWUSDT | +0.0100% | 4h | 0.0004726 | +0.085% | $499K | $518K | 50x | as long as short |
| BingX MEW-USDT | +0.0100% | 4h | 0.0004726 | +0.085% | — | $6.7M | — | as long as short |
Injective MEW/USDC PERP
Binance MEWUSDT
Bybit MEWUSDT
Gate MEW_USDT
MEXC MEW_USDT
KuCoin MEWUSDTM
Bitget MEWUSDT
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 | 0.0004731 | +0.194% | $84K | $36K | — | as long as short |
| Kraken Futures PF_MEWUSD | +0.0416% | 1h | 0.0004730 | +0.168% | $90K | $127K | 10x | as long as short |
Variational Omni MEW
Kraken Futures PF_MEWUSD