Funding you earn now, next payment 03:00 UTC+0.0585%/8h= +64.1% APRpaid last 24h +0.095%
Price spread now: GMX against Bybit+0.249%7-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 +$18 a day on $10k at the current rate, and GMX is 0.249% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MONUSDT | 0.02529 | −0.0156 | get 0.0156% / 8h | 5h 16m | $20.8M | $13.1M | 50x |
| Short | GMX MON/USD [ETH-USDC] | 0.02535 | L +0.0260% / S −0.0429% | get 0.0054% / 1h | 16m 10s | $9K | — | 50x |
Bybit MONUSDT
GMX MON/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bybit. 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
- $122.85
- Price spread: +0.249% → 0.000%
- $24.91
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $124.76
- Costs to cover
- 0.230%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 3.96 bp | 17.9 bp −$18 | 56.3 bp −$563 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02528 | −0.032% | $12K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0270% | 1h | 0.02533 | +0.170% | $112K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | +0.237% | $6K | $111 | 5.5x | as long as short |
| Bybit MONUSDTlong | −0.0156% | 8h | 0.02529 | long leg | $20.8M | $13.1M | 50x | |
| 01 Exchange MONUSD | −0.0040% | 1h | 0.02530 | +0.036% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02535 | +0.253% | $105K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02534 | +0.206% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0084% | 4h | 0.02533 | +0.158% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02533 | +0.158% | $845K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02532 | +0.115% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
01 Exchange MONUSD
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02536 | +0.271% | $413K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02535 | +0.241% | $34.3M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02536 | +0.263% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02533 | +0.170% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02533 | +0.158% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02531 | +0.091% | $24.1M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02530 | +0.040% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.355% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02532 | +0.119% | $953K | $965K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02535 | +0.237% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02535 | +0.237% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02531 | +0.080% | $753K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02528 | −0.028% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02530 | +0.055% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02537 | +0.316% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02533 | +0.158% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02538 | +0.339% | $48K | $518K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02532 | +0.119% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0248% | 1h | 0.02532 | +0.116% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC]short | L +0.0260% / S −0.0429% | 1h | 0.02535 | +0.249% | $9K | — | 50x | |
| BloFin MON-USDT | +0.0340% | 4h | 0.02527 | −0.079% | $1.3M | $320K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0490% | 1h | 0.02537 | +0.300% | $271K | $112K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02541 | +0.482% | $112K | $58K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX