Funding you earn now, next payment 02:00 UTC−0.0672%/8h= −73.6% APRnext payment −$0.84 per $10,000 · paid last 24h −0.132%
Price spread now: GMX against Extended+0.108%7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.183%−$18 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.108%, 7d avg +0.059%
=Together, before fees−0.193%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.049% dearer against Extended than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.059%): +$5 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 3 days (−0.183% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.183% in total (about -20.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XPL-USD | 0.09645 | 0.0104 | pay 0.0013% / 1h | 5m 01s | $655K | $1.1M | 25x |
| Short | GMX XPL/USD [WBTC.b-USDC] | 0.09656 | L −0.0207% / S +0.0568% | pay 0.0071% / 1h | 5m 01s | $111K | — | 100x |
Extended XPL-USD
GMX XPL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Extended. 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
- −$141.12
- Price spread: +0.108% → +0.059%
- $4.91
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$153.21
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago | 1.03 bp | 10.4 bp −$10 | 24.0 bp −$240 | 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.
XPL on 35 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit XPL_USDC-PERPETUAL | −0.0475% | 1h | 0.09644 | −0.013% | $46K | $18K | 25x | as long as short |
| 01 Exchange XPLUSD | −0.0296% | 1h | 0.09636 | −0.096% | $560 | $708 | 5x | as long as short |
| Backpack XPL_USDC_PERP | −0.0215% | 1h | 0.09648 | +0.028% | $178K | $243K | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC]short | L −0.0207% / S +0.0568% | 1h | 0.09656 | +0.108% | $111K | — | 100x | |
| Orderly PERP_XPL_USDC | −0.0001% | 4h | 0.09647 | +0.018% | $29K | $335K | 10x | as long as short |
| dYdX XPL-USD | 0.0000% | 1h | 0.09663 | +0.184% | $8K | — | 5x | as long as short |
| Reya XPLRUSDPERP | 0.0000% | 1h | 0.07570 | −21.511% | — | — | — | as long as short |
| gTrade (Gains Network) XPL/USD | L +0.0005% / S −0.0003% | 1h | 0.09657 | +0.119% | $59K | — | 150x | as long as short |
| Lighter XPL | +0.0032% | 1h | 0.09638 | −0.075% | $4.4M | $4.2M | 10x | as long as short |
| OKX XPL-USDT-SWAP | +0.0042% | 4h | 0.09644 | −0.013% | $8.3M | $53.6M | 50x | as long as short |
Deribit XPL_USDC-PERPETUAL
01 Exchange XPLUSD
Backpack XPL_USDC_PERP
Orderly PERP_XPL_USDC
dYdX XPL-USD
Reya XPLRUSDPERP
gTrade (Gains Network) XPL/USD
Lighter XPL
OKX XPL-USDT-SWAPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XPL-USD-PERP | +0.0044% | 8h | 0.09666 | +0.219% | $13K | $2K | 5x | as long as short |
| Nado XPL-PERP | +0.0100% | 1h | 0.09646 | +0.007% | $1.2M | $2.8M | 10x | as long as short |
| Hyperliquid XPL | +0.0100% | 1h | 0.09652 | +0.071% | $61.3M | $47.5M | 10x | as long as short |
| Aster XPLUSDT | +0.0100% | 4h | 0.09654 | +0.088% | $246K | $500K | 20x | as long as short |
| Pacifica XPL | +0.0100% | 1h | 0.09669 | +0.243% | $220K | $47K | 10x | as long as short |
| Binance XPLUSDT | +0.0100% | 4h | 0.09644 | −0.013% | $43.7M | $108.2M | 75x | as long as short |
| Bybit XPLUSDT | +0.0100% | 4h | 0.09640 | −0.055% | $46.4M | $56.4M | 75x | as long as short |
| Gate XPL_USDT | +0.0100% | 4h | 0.09650 | +0.049% | $3.0M | $3.9M | 75x | as long as short |
| MEXC XPL_USDT | +0.0100% | 4h | 0.09645 | −0.003% | $12.6M | $8.0M | 100x | as long as short |
| KuCoin XPLUSDTM | +0.0100% | 4h | 0.09648 | +0.028% | $2.3M | $1.5M | 50x | as long as short |
| Bitget XPLUSDT | +0.0100% | 4h | 0.09654 | +0.090% | $8.6M | $11.1M | 75x | as long as short |
| BingX XPL-USDT | +0.0100% | 4h | 0.09643 | −0.024% | — | $8.0M | — | as long as short |
| Variational Omni XPL | +0.0100% | 4h | 0.09664 | +0.197% | $1.7M | $1.8M | — | as long as short |
| GRVT XPL_USDT_Perp | +0.0100% | 4h | 0.09665 | +0.206% | $257K | $891K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.0100% | 1h | 0.09680 | +0.360% | $25K | $83K | 50x | as long as short |
| Polymarket Perps XPL-USD | +0.0100% | 1h | 0.09663 | +0.183% | $131K | $2.6M | 10x | as long as short |
| SunX XPL-USDT | +0.0100% | 4h | 0.09630 | −0.158% | $3K | $1.9M | 20x | as long as short |
| SoDEX XPL-USD | +0.0100% | 1h | 0.09640 | −0.055% | $195 | $11K | 10x | as long as short |
| HTX XPL-USDT | +0.0100% | 4h | 0.09671 | +0.267% | $144K | $249K | 20x | as long as short |
| Bulk XPL-USD | +0.0100% | 1h | 0.09660 | +0.153% | $141K | $7K | 10x | as long as short |
| Extended XPL-USDlong | +0.0104% | 1h | 0.09645 | long leg | $655K | $1.1M | 25x | |
| Aevo XPL-PERP | +0.0104% | 1h | 0.09644 | −0.015% | $29K | $18K | 3x | as long as short |
| Phoenix XPL | +0.0328% | 1h | 0.09674 | +0.298% | $196K | $657K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.0496% | 1h | 0.09766 | +1.252% | $78K | $95K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.4414% | 1h | 0.09689 | +0.456% | $549K | $1.0M | 10x | as long as short |
Paradex XPL-USD-PERP
Nado XPL-PERP
Hyperliquid XPL
Aster XPLUSDT
Pacifica XPL
Binance XPLUSDT
Bybit XPLUSDT
Gate XPL_USDT
MEXC XPL_USDT
KuCoin XPLUSDTM
Bitget XPLUSDT
BingX XPL-USDT
Variational Omni XPL
GRVT XPL_USDT_Perp
ApeX Omni XPLUSDT
Polymarket Perps XPL-USD
SunX XPL-USDT
SoDEX XPL-USD
HTX XPL-USDT
Bulk XPL-USD
Aevo XPL-PERP
Phoenix XPL
Coinbase International XPL-PERP-INTX
Kraken Futures PF_XPLUSD