Funding you earn now, next payment 23:00 UTC−0.0596%/8h= −65.3% APRpaid last 24h −0.113%
Price spread now: GMX against Variational Omni+0.152%7-day average +0.048% · 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)−0.167%−$17 on $10k
+Price spread, last 3 days (all we have)+0.035%+$3 · spread now +0.152%, 7d avg +0.048%
=Together, before fees−0.133%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.104% dearer against Variational Omni than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.048%): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.167% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.167% in total (about -19.8% a year). A funding rate is set anew for every payment. 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 | Variational Omni XPL | 0.09696 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $1.7M | $1.9M | — |
| Short | GMX XPL/USD [WBTC.b-USDC] | 0.09710 | L −0.0096% / S +0.0496% | pay 0.0062% / 1h | 50m 13s | $112K | — | 100x |
Variational Omni XPL
GMX XPL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- −$125.21
- Price spread: +0.152% → +0.048%
- $10.41
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$126.81
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 4.10 bp | doesn't fit | 78.8 bp −$788 | 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 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack XPL_USDC_PERP | −0.0295% | 1h | 0.09711 | +0.158% | $177K | $281K | 10x | as long as short |
| Lighter XPL | −0.0216% | 1h | 0.09696 | +0.003% | $4.4M | $4.1M | 10x | as long as short |
| 01 Exchange XPLUSD | −0.0176% | 1h | 0.09707 | +0.117% | $564 | $708 | 5x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.0162% | 1h | 0.09705 | +0.096% | $47K | $18K | 25x | as long as short |
| GMX XPL/USD [WBTC.b-USDC]short | L −0.0096% / S +0.0496% | 1h | 0.09710 | +0.152% | $112K | — | 100x | |
| dYdX XPL-USD | 0.0000% | 1h | 0.09721 | +0.263% | $8K | — | 5x | as long as short |
| Reya XPLRUSDPERP | 0.0000% | 1h | 0.07571 | −21.917% | — | — | — | as long as short |
| gTrade (Gains Network) XPL/USD | L +0.0005% / S −0.0004% | 1h | 0.09708 | +0.132% | $72K | — | 150x | as long as short |
| Orderly PERP_XPL_USDC | +0.0079% | 4h | 0.09703 | +0.076% | $29K | $335K | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.0090% | 8h | 0.09714 | +0.192% | $13K | $2K | 5x | as long as short |
Backpack XPL_USDC_PERP
Lighter XPL
01 Exchange XPLUSD
Deribit XPL_USDC-PERPETUAL
dYdX XPL-USD
Reya XPLRUSDPERP
gTrade (Gains Network) XPL/USD
Orderly PERP_XPL_USDC
Paradex XPL-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XPL-PERP | +0.0100% | 1h | 0.09710 | +0.145% | $1.4M | $2.7M | 10x | as long as short |
| Hyperliquid XPL | +0.0100% | 1h | 0.09724 | +0.295% | $62.6M | $47.4M | 10x | as long as short |
| Aster XPLUSDT | +0.0100% | 4h | 0.09713 | +0.181% | $251K | $527K | 20x | as long as short |
| Pacifica XPL | +0.0100% | 1h | 0.09723 | +0.278% | $221K | $46K | 10x | as long as short |
| Binance XPLUSDT | +0.0100% | 4h | 0.09707 | +0.117% | $43.6M | $105.9M | 75x | as long as short |
| Bybit XPLUSDT | +0.0100% | 4h | 0.09710 | +0.148% | $47.4M | $53.9M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.0100% | 4h | 0.09707 | +0.117% | $8.9M | $53.2M | 50x | as long as short |
| Bulk XPL-USD | +0.0100% | 1h | 0.09695 | −0.007% | $140K | $8K | 10x | as long as short |
| Gate XPL_USDT | +0.0100% | 4h | 0.09704 | +0.086% | $3.0M | $4.0M | 75x | as long as short |
| MEXC XPL_USDT | +0.0100% | 4h | 0.09708 | +0.127% | $12.5M | $7.6M | 100x | as long as short |
| KuCoin XPLUSDTM | +0.0100% | 4h | 0.09705 | +0.096% | $2.4M | $1.4M | 50x | as long as short |
| Bitget XPLUSDT | +0.0100% | 4h | 0.09713 | +0.179% | $8.6M | $11.1M | 75x | as long as short |
| BingX XPL-USDT | +0.0100% | 4h | 0.09711 | +0.158% | — | $7.9M | — | as long as short |
| Variational Omni XPLlong | +0.0100% | 4h | 0.09696 | long leg | $1.7M | $1.9M | — | |
| GRVT XPL_USDT_Perp | +0.0100% | 4h | 0.09760 | +0.663% | $264K | $775K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.0100% | 1h | 0.09710 | +0.148% | $25K | $87K | 50x | as long as short |
| Polymarket Perps XPL-USD | +0.0100% | 1h | 0.09718 | +0.234% | $129K | $2.7M | 10x | as long as short |
| SunX XPL-USDT | +0.0100% | 4h | 0.09690 | −0.059% | $2K | $2.0M | 20x | as long as short |
| SoDEX XPL-USD | +0.0100% | 1h | 0.09700 | +0.045% | $201 | $10K | 10x | as long as short |
| HTX XPL-USDT | +0.0100% | 4h | 0.09715 | +0.199% | $138K | $246K | 20x | as long as short |
| Extended XPL-USD | +0.0104% | 1h | 0.09700 | +0.044% | $657K | $1.1M | 25x | as long as short |
| Aevo XPL-PERP | +0.0104% | 1h | 0.09708 | +0.131% | $38K | $5K | 3x | as long as short |
| BloFin XPL-USDT | +0.0340% | 4h | 0.09693 | −0.028% | $1.7M | $1.2M | 75x | as long as short |
| Phoenix XPL | +0.0412% | 1h | 0.09724 | +0.292% | $197K | $652K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.0792% | 1h | 0.09794 | +1.014% | $74K | $103K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.4602% | 1h | 0.09754 | +0.599% | $513K | $952K | 10x | as long as short |
Nado XPL-PERP
Hyperliquid XPL
Aster XPLUSDT
Pacifica XPL
Binance XPLUSDT
Bybit XPLUSDT
OKX XPL-USDT-SWAP
Bulk XPL-USD
Gate XPL_USDT
MEXC XPL_USDT
KuCoin XPLUSDTM
Bitget XPLUSDT
BingX XPL-USDT
GRVT XPL_USDT_Perp
ApeX Omni XPLUSDT
Polymarket Perps XPL-USD
SunX XPL-USDT
SoDEX XPL-USD
HTX XPL-USDT
Extended XPL-USD
Aevo XPL-PERP
BloFin XPL-USDT
Phoenix XPL
Coinbase International XPL-PERP-INTX
Kraken Futures PF_XPLUSD