OP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1217%/8h= +133.3% APRnext payment +$1.52 per $10,000 · paid last 24h +0.207%

Price spread now: Coinbase International against GMX−0.098%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Coinbase International is 0.098% cheaper against GMX than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6 hours of funding at the current rate (+$37 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX OP/USD [OP-USDC]	0.1266	L −0.1065% / S +0.0229%	get 0.0133% / 1h	41m 38s	$13K	—	100x
Short	Coinbase International OP-PERP-INTX	0.1265	0.0152	get 0.0019% / 1h	41m 38s	$24K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.098%Rate

Funding earned: $255.6
Price spread: −0.098% → 0.000%: −$9.79
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $223.81
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: GMX: no order-book sample; Coinbase International: 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

GMX and Coinbase International: 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	0.1258	−0.651%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]long	L −0.1065% / S +0.0229%	1h	0.1266	long leg	$13K	—	100x
dYdX OP-USD	0.0000%	1h	0.1263	−0.256%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1266	−0.019%	$42K	$151K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1267	+0.021%	—	—	150x	as long as short
OKX OP-USDT-SWAP	+0.0034%	8h	0.1263	−0.256%	$6.1M	$29.1M	50x	as long as short
Variational Omni OP	+0.0048%	8h	0.1261	−0.396%	$223K	$50K	—	as long as short
Orderly PERP_OP_USDC	+0.0054%	8h	0.1266	−0.019%	$6K	$45K	10x	as long as short
Lighter OP	+0.0096%	1h	0.1263	−0.240%	$280K	$934K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1263	−0.224%	$3.7M	$3.0M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1264	−0.199%	$211K	$229K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1263	−0.216%	$20.4M	$60.6M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1263	−0.272%	$18.4M	$25.3M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1263	−0.256%	$1.9M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1262	−0.327%	$20.6M	$6.9M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1263	−0.256%	$2.9M	$6.7M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1263	−0.256%	$5.9M	$6.5M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1264	−0.177%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1265	−0.122%	$121K	$195K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1265	−0.126%	$4K	$388K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1267	+0.072%	$312K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1264	−0.177%	$43K	$707K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1266	−0.011%	$185	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1267	+0.028%	$175K	$218K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1262	−0.311%	$101K	$389K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1267	+0.044%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTXshort	+0.0152%	1h	0.1265	−0.098%	$24K	$71K	50x
BloFin OP-USDT	+0.0220%	8h	0.1267	+0.068%	$1.0M	$272K	75x	as long as short
Reya OPRUSDPERP	+0.0440%	1h	0.1266	+0.003%	$704	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0490%	1h	0.1267	+0.083%	$800K	$581K	20x	as long as short