Funding you earn now, next payment 04:00 UTC−0.0365%/8h= −39.9% APRpaid last 24h −0.051%
Price spread now: Bybit against GMX−0.107%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 −$11 a day on $10k at the current rate, and Bybit is 0.107% cheaper against GMX than usual: you would sell low and buy high (−$11 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 | GMX MON/USD [ETH-USDC] | 0.02515 | L +0.0260% / S −0.0429% | pay 0.0032% / 1h | 4m 13s | $9K | — | 50x |
| Short | Bybit MONUSDT | 0.02512 | −0.0105 | pay 0.0105% / 8h | 4h 04m | $20.7M | $13.3M | 50x |
GMX MON/USD [ETH-USDC]
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GMX. 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
- −$76.56
- Price spread: −0.107% → 0.000%
- −$10.74
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$110.29
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.99 bp | 18.5 bp −$18 | 62.9 bp −$629 | doesn't fit | doesn't fit |
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 | −0.0176% | 1h | 0.02507 | −0.306% | $5K | $114 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0160% | 1h | 0.02509 | −0.215% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0109% | 1h | 0.02514 | −0.036% | $114K | $151K | 10x | as long as short |
| Bybit MONUSDTshort | −0.0105% | 8h | 0.02512 | −0.107% | $20.7M | $13.3M | 50x | |
| Phoenix MON | 0.0000% | 1h | 0.02517 | +0.080% | $12K | $359K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02515 | +0.020% | $74K | $136K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0072% | 4h | 0.02515 | +0.012% | $16K | $34K | 10x | as long as short |
| Variational Omni MON | +0.0093% | 8h | 0.02511 | −0.165% | $743K | $410K | — | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02510 | −0.178% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02519 | +0.171% | $848K | $749K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Variational Omni MON
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02514 | −0.035% | $425K | $578K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02516 | +0.052% | $33.9M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02514 | −0.037% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02514 | −0.017% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02512 | −0.107% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02513 | −0.068% | $23.9M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02513 | −0.068% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02510 | −0.187% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02513 | −0.068% | $942K | $994K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02515 | +0.012% | $2.8M | $757K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02516 | +0.052% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02515 | +0.010% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02518 | +0.131% | $564K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02516 | +0.052% | $68K | $513K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02516 | +0.052% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02517 | +0.079% | $49K | $519K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02514 | −0.012% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC]long | L +0.0260% / S −0.0429% | 1h | 0.02515 | long leg | $9K | — | 50x | |
| Aftermath Perps MONUSD | +0.0272% | 1h | 0.02514 | −0.036% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02513 | −0.068% | $1.3M | $339K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02518 | +0.135% | $110K | $57K | 50x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02513 | −0.068% | $118K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0541% | 1h | 0.02519 | +0.172% | $271K | $115K | 10x | 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
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Perpl MON
Kraken Futures PF_MONUSD