Settings8H · net · $10k
Funding arb · Price arb /

GDX

RWAall GDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.071%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1841.844% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 2 days (all we have)0.000%$0 · spread now +0.071%, 7d avg +0.040%
Together, before fees0.000%$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GDXUSDT94.1800get 0.0000% / 8h2h 35m$241K$42K25x
ShortBinance GDXUSDT94.2470get 0.0000% / 8h2h 35m$423K$260K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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

Funding earned
$0
Price spread: +0.071% → +0.040%
$3.16
Slippage, 4 orders
−$163.42
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$181.26
Costs to cover
1.844%
Break-even
never at this rate
Slippage from Bybit: live order book, 59 min ago; Binance: live order book, 71 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 59 min ago8.49 bp94.1 bp −$94378.9 bp −$3,789doesn't fitdoesn't fit
Sell Binance live order book, 71 min ago5.30 bp19.7 bp −$20100.4 bp −$1,004doesn't fitdoesn't fit

GDX on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX GDXUSDC−0.0266%4h94.276+0.102%$96K$225K10xas long as short
Binance GDXUSDTshort0.0000%8h94.247+0.071%$423K$260K20x
Bybit GDXUSDTlong0.0000%8h94.180long leg$241K$42K25x
Gate GDX_USDT0.0000%8h94.310+0.138%$168K$142K20xas long as short
MEXC GDX_USDT0.0000%8h94.250+0.074%$843K$87K20xas long as short
Bitget GDXUSDT0.0000%8h94.390+0.223%$282K$338K20xas long as short
HTX GDX-USDT0.0000%8h94.270+0.096%$8K$321K20xas long as short
Vest GDX-USD-PERP+0.0046%1h94.190+0.011%25xas long as short