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

GDX

RWAall GDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.035%
Price spread now: Bitget against edgeX+0.033%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1261.259% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.033%, 7d avg −0.063%
Together, before fees−0.119%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.096% dearer against edgeX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX GDXUSDC94.619−0.0031get 0.0015% / 4h1h 13m$96K$226K10x
ShortBitget GDXUSDT94.6500get 0.0000% / 8h5h 13m$249K$352K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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
$6.43
Price spread: +0.033% → −0.063%
$9.64
Slippage, 4 orders
−$104.91
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$109.84
Costs to cover
1.259%
Break-even
126.5 days
Slippage from edgeX: live order book, 49 min ago; Bitget: live order book, 42 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 edgeX live order book, 49 min ago9.52 bp32.4 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 42 min ago15.86 bp25.5 bp −$2639.7 bp −$397doesn'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 GDXUSDClong−0.0031%4h94.619long leg$96K$226K10x
Binance GDXUSDT0.0000%8h94.516−0.109%$411K$242K20xas long as short
Bybit GDXUSDT0.0000%8h94.520−0.105%$242K$40K25xas long as short
Gate GDX_USDT0.0000%8h94.590−0.031%$168K$150K20xas long as short
MEXC GDX_USDT0.0000%8h94.550−0.073%$845K$88K20xas long as short
Bitget GDXUSDTshort0.0000%8h94.650+0.033%$249K$352K20x
HTX GDX-USDT0.0000%8h94.570−0.052%$8K$323K20xas long as short
Vest GDX-USD-PERP+0.0046%1h94.390−0.242%25xas long as short