Funding you earn now, next payment 03:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.095%
Price spread now: GMX against edgeX−0.054%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
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GMX is 0.054% cheaper against edgeX than usual: you would sell low and buy high (−$5 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 | edgeX OPUSDC | 0.1265 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $4K | $388K | 10x |
| Short | GMX OP/USD [OP-USDC] | 0.1264 | L −0.1065% / S +0.0229% | pay 0.0029% / 1h | 41m 12s | $13K | — | 100x |
edgeX OPUSDC
GMX OP/USD [OP-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against edgeX. 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
- −$69.15
- Price spread: −0.054% → 0.000%
- −$5.42
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$95.57
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 22 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 edgeX live order book, 22 min ago | 3.96 bp | 11.3 bp −$11 | 129.2 bp −$1,292 | 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.
OP on 30 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 OP/USDC PERP | −0.1488% | 1h | 0.1257 | −0.605% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC]short | L −0.1065% / S +0.0229% | 1h | 0.1264 | −0.054% | $13K | — | 100x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1263 | −0.130% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1263 | −0.130% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | −0.077% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0033% | 8h | 0.1263 | −0.170% | $6.1M | $29.0M | 50x | as long as short |
| Variational Omni OP | +0.0048% | 8h | 0.1261 | −0.270% | $223K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1263 | −0.130% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1264 | −0.075% | $280K | $934K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1264 | −0.043% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | −0.082% | $211K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1263 | −0.136% | $20.4M | $60.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1262 | −0.209% | $18.4M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1264 | −0.067% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | −0.130% | $20.6M | $6.9M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1262 | −0.209% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1263 | −0.130% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | −0.130% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1265 | +0.004% | $121K | $195K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1265 | long leg | $4K | $388K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1267 | +0.199% | $312K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1264 | −0.051% | $43K | $707K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | −0.170% | $180 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1264 | −0.083% | $174K | $218K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1262 | −0.212% | $101K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | −0.142% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1265 | +0.028% | $24K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1263 | −0.170% | $1.0M | $271K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1263 | −0.137% | $702 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0491% | 1h | 0.1264 | −0.051% | $798K | $582K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD