S

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1383%/8h= −151.4% APRnext payment −$1.73 per $10,000 · paid last 24h −0.501%

Price spread now: Coinbase International against GMX−2.478%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

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Coinbase International is 2.478% cheaper against GMX than usual: you would sell low and buy high (−$248 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 S/USD [WBTC.b-USDC]	0.03923	L −0.0193% / S +0.0187%	get 0.0024% / 1h	53m 08s	$1K	—	100x
Short	Coinbase International S-PERP-INTX	0.03826	−0.1576	pay 0.0197% / 1h	53m 08s	$47K	$5K	25x

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 −2.478%Rate

Funding earned: −$290.44
Price spread: −2.478% → 0.000%: −$247.76
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$560.2
Costs to cover: 0.220%
Break-even: never at this rate

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.

S on 25 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
Kraken Futures PF_SUSD	−0.1595%	1h	0.03919	−0.110%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTXshort	−0.1576%	1h	0.03826	−2.478%	$47K	$5K	25x
Variational Omni S	−0.0793%	4h	0.03918	−0.128%	$609K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0193% / S +0.0187%	1h	0.03923	long leg	$1K	—	100x
01 Exchange SUSD	−0.0112%	1h	0.03920	−0.082%	$24K	$3K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03918	−0.121%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03923	+0.005%	$605	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0005%	1h	0.03924	+0.020%	$66K	$10K	10x	as long as short
Orderly PERP_S_USDC	+0.0021%	4h	0.03920	−0.082%	$100K	$349K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.507%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0038%	4h	0.03922	−0.019%	$43K	$212K	10x	as long as short
Hyperliquid S	+0.0083%	1h	0.03918	−0.127%	$984K	$787K	5x	as long as short
Lighter S	+0.0096%	1h	0.03924	+0.020%	$164K	$222K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03919	−0.099%	$5.3M	$22.1M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03914	−0.235%	$5.6M	$6.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03918	−0.133%	$978K	$6.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03913	−0.260%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03920	−0.082%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03919	−0.107%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03920	−0.082%	$1.2M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03917	−0.158%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.082%	$23K	$469K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03918	−0.142%	$221K	$883K	10x	as long as short
Backpack S_USDC_PERP	+0.0138%	1h	0.03920	−0.082%	$114K	$299K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	−0.133%	$268K	$132K	75x	as long as short