Funding you earn now, next payment 23:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.034%
Price spread now: Bybit against GMX−0.129%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 −$5 a day on $10k at the current rate, and Bybit is 0.129% cheaper against GMX than usual: you would sell low and buy high (−$13 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 WLFI/USD [ETH-USDC] | 0.05714 | L +0.0252% / S −0.0496% | pay 0.0031% / 1h | 36m 06s | $3K | — | 100x |
| Short | Bybit WLFIUSDT | 0.05707 | 0.0100 | get 0.0050% / 4h | 1h 36m | $20.5M | $16.9M | 75x |
GMX WLFI/USD [ETH-USDC]
Bybit WLFIUSDTFunding 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
- −$31.86
- Price spread: −0.129% → 0.000%
- −$12.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.81
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 2 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, 2 min ago | 0.88 bp | 10.5 bp −$10 | 24.5 bp −$245 | 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.
WLFI on 32 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_WLFIUSD | −0.0705% | 1h | 0.05715 | +0.015% | $73K | $70K | 20x | as long as short |
| Aster WLFIUSDT | −0.0301% | 4h | 0.05719 | +0.077% | $1.6M | $568K | 20x | as long as short |
| Lighter WLFI | −0.0280% | 1h | 0.05709 | −0.094% | $946K | $375K | 5x | as long as short |
| OKX WLFI-USDT-SWAP | −0.0001% | 4h | 0.05710 | −0.077% | $7.4M | $12.5M | 50x | as long as short |
| dYdX WLFI-USD | 0.0000% | 1h | 0.05722 | +0.133% | $11K | $970 | 5x | as long as short |
| 01 Exchange WLFIUSD | 0.0000% | 1h | 0.05717 | +0.045% | $4K | $319 | 3x | as long as short |
| Reya WLFIRUSDPERP | 0.0000% | 1h | 0.06045 | +5.790% | — | — | — | as long as short |
| Deribit WLFI_USDC-PERPETUAL | 0.0000% | 1h | 0.05717 | +0.045% | $10K | $624 | 10x | as long as short |
| gTrade (Gains Network) WLFI/USD | L +0.0005% / S −0.0005% | 1h | 0.05717 | +0.048% | $313 | — | 150x | as long as short |
| Paradex WLFI-USD-PERP | +0.0013% | 8h | 0.05715 | +0.018% | $2K | $108 | 5x | as long as short |
Kraken Futures PF_WLFIUSD
Aster WLFIUSDT
Lighter WLFI
OKX WLFI-USDT-SWAP
dYdX WLFI-USD
01 Exchange WLFIUSD
Reya WLFIRUSDPERP
Deribit WLFI_USDC-PERPETUAL
gTrade (Gains Network) WLFI/USD
Paradex WLFI-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WLFI | +0.0060% | 1h | 0.05712 | −0.047% | $10.4M | $1.2M | 5x | as long as short |
| Injective WLFI/USDC PERP | +0.0082% | 1h | 0.05716 | +0.028% | $6K | $77K | 5.5x | as long as short |
| Gate WLFI_USDT | +0.0086% | 4h | 0.05714 | −0.007% | $3.4M | $2.8M | 75x | as long as short |
| Variational Omni WLFI | +0.0097% | 4h | 0.05722 | +0.139% | $442K | $30K | — | as long as short |
| Nado WLFI-PERP | +0.0100% | 1h | 0.05712 | −0.042% | $79K | $31K | 5x | as long as short |
| Pacifica WLFI | +0.0100% | 1h | 0.05714 | 0.000% | $243K | $10K | 5x | as long as short |
| Binance WLFIUSDT | +0.0100% | 4h | 0.05716 | +0.028% | $136.7M | $38.7M | 75x | as long as short |
| Bybit WLFIUSDTshort | +0.0100% | 4h | 0.05707 | −0.129% | $20.5M | $16.9M | 75x | |
| Arcus WLFI-USD | +0.0100% | 1h | 0.05718 | +0.072% | $1K | $10 | 5x | as long as short |
| MEXC WLFI_USDT | +0.0100% | 4h | 0.05712 | −0.042% | $14.8M | $21.1M | 100x | as long as short |
| KuCoin WLFIUSDTM | +0.0100% | 4h | 0.05717 | +0.045% | $3.3M | $1.1M | 75x | as long as short |
| Bitget WLFIUSDT | +0.0100% | 4h | 0.05714 | −0.007% | $8.0M | $3.1M | 75x | as long as short |
| BingX WLFI-USDT | +0.0100% | 4h | 0.05714 | −0.007% | — | $7.2M | — | as long as short |
| Backpack WLFI_USDC_PERP | +0.0100% | 1h | 0.05715 | +0.010% | $238K | $30K | 10x | as long as short |
| GRVT WLFI_USDT_Perp | +0.0100% | 4h | 0.05724 | +0.175% | $276K | $1.9M | 10x | as long as short |
| ApeX Omni WLFIUSDT | +0.0100% | 1h | 0.05730 | +0.273% | $33K | $41K | 50x | as long as short |
| SunX WLFI-USDT | +0.0100% | 4h | 0.05720 | +0.098% | $38K | $1.7M | 20x | as long as short |
| SoDEX WLFI-USD | +0.0100% | 1h | 0.05716 | +0.028% | $121 | $5K | 5x | as long as short |
| Extended WLFI-USD | +0.0104% | 1h | 0.05712 | −0.049% | $132K | $490K | 10x | as long as short |
| GMX WLFI/USD [ETH-USDC]long | L +0.0252% / S −0.0496% | 1h | 0.05714 | long leg | $3K | — | 100x | |
| BloFin WLFI-USDT | +0.0340% | 4h | 0.05720 | +0.098% | $4.5M | $76K | 75x | as long as short |
| Coinbase International WLFI-PERP-INTX | +0.0384% | 1h | 0.05737 | +0.395% | $32K | $16K | 50x | as long as short |
Hyperliquid WLFI
Injective WLFI/USDC PERP
Gate WLFI_USDT
Variational Omni WLFI
Nado WLFI-PERP
Pacifica WLFI
Binance WLFIUSDT
Arcus WLFI-USD
MEXC WLFI_USDT
KuCoin WLFIUSDTM
Bitget WLFIUSDT
BingX WLFI-USDT
Backpack WLFI_USDC_PERP
GRVT WLFI_USDT_Perp
ApeX Omni WLFIUSDT
SunX WLFI-USDT
SoDEX WLFI-USD
Extended WLFI-USD
BloFin WLFI-USDT
Coinbase International WLFI-PERP-INTX