Funding you earn now, next payment 22:00 UTC+0.0498%/8h= +54.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.063%
Price spread now: GMX against Bulk+0.309%46s7-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 +$15 a day on $10k at the current rate, and GMX is 0.309% dearer against Bulk than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | Bulk MON-USD | 0.02581 | 0.0100 | pay 0.0013% / 1h | 39m 41s | $108K | $3K | 10x |
| Short | GMX MON/USD [ETH-USDC] | 0.02589 | L +0.0261% / S −0.0598% | get 0.0075% / 1h | 39m 41s | $9K | — | 50x |
Bulk MON-USD
GMX MON/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bulk. 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
- $104.54
- Price spread: +0.309% → 0.000%
- $30.92
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $116.47
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Bulk: live order book, 49 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 Bulk live order book, 49 min ago | 19.34 bp | 22.8 bp −$23 | 42.3 bp −$423 | 177.8 bp −$17.8K | 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.
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02587 | +0.240% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0216% | 1h | 0.02584 | +0.108% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0097% | 1h | 0.02590 | +0.336% | $63K | $110K | 25x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02587 | +0.247% | $13K | $384K | 5x | as long as short |
| Bybit MONUSDT | +0.0012% | 8h | 0.02585 | +0.158% | $21.6M | $11.8M | 50x | as long as short |
| BloFin MON-USDT | +0.0086% | 4h | 0.02587 | +0.240% | $1.4M | $243K | 75x | as long as short |
| Orderly PERP_MON_USDC | +0.0093% | 4h | 0.02586 | +0.201% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02588 | +0.278% | $848K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02586 | +0.198% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02588 | +0.263% | $353K | $535K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Phoenix MON
Bybit MONUSDT
BloFin MON-USDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02587 | +0.228% | $34.9M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02587 | +0.241% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02588 | +0.272% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02587 | +0.240% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02585 | +0.174% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02584 | +0.123% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02581 | long leg | $108K | $3K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02588 | +0.278% | $1.0M | $929K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02588 | +0.278% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02584 | +0.104% | $777K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02583 | +0.087% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02586 | +0.201% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02583 | +0.085% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02587 | +0.240% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02588 | +0.259% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02587 | +0.236% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02590 | +0.347% | $263K | $63K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0257% | 1h | 0.02590 | +0.340% | $137K | $137K | 10x | as long as short |
| GMX MON/USD [ETH-USDC]short | L +0.0261% / S −0.0598% | 1h | 0.02589 | +0.309% | $9K | — | 50x | |
| Aftermath Perps MONUSD | +0.0320% | 1h | 0.02586 | +0.216% | $2K | $73K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0338% | 4h | 0.02593 | +0.472% | $3.2M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02587 | +0.224% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02595 | +0.569% | $114K | $51K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
Backpack MON_USDC_PERP
Aftermath Perps MONUSD
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX