Funding you earn now, next payment 20:00 UTC+0.1264%/8hpaid last 24h +0.339%
Price spread now: GMX against Gate+0.068%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and GMX is 0.068% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.96 | 0 | get 0.0000% / 8h | 4h 06m | $741K | $2.1M | 75x |
| Short | GMX SPY/USD [ETH-USDC] | 774.49 | L +0.0347% / S −0.1264% | get 0.0158% / 1h | 6m 59s | $25K | — | 53x |
Gate SPY_USDT
GMX SPY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Gate. 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
- $265.34
- Price spread: +0.068% → 0.000%
- $6.78
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $245.12
- Costs to cover
- 0.270%
- Break-even
- 0.5 days
Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago | 2.78 bp | 12.3 bp −$12 | 17.1 bp −$171 | 55.0 bp −$5,496 | 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.
SPY on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0300% | 1h | 774.36 | +0.052% | $161K | $295K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.65 | +0.089% | $377K | $720K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.41 | +0.058% | $863K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.42 | +0.059% | $28.8M | $86.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.42 | +0.059% | $6.2M | $2.3M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.44 | +0.062% | $8.0M | $3.6M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.42 | +0.059% | $6.9M | $5.7M | 25x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.96 | long leg | $741K | $2.1M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.42 | +0.059% | $23.1M | $12.4M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.95 | +0.128% | $158K | $509K | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.54 | +0.204% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.86 | +0.116% | $308K | $20K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.19 | +0.030% | $22K | $74K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.35 | +0.050% | $8.8M | $22.0M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.77 | +0.105% | $56.7M | $127.9M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.79 | −0.022% | $951K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.32 | −0.083% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.60 | −0.047% | $4.8M | $939K | 20x | as long as short |
| Bitget SPYUSDT | +0.0055% | 8h | 774.40 | +0.057% | $10.8M | $3.1M | 50x | as long as short |
| Nado SPY-PERP | +0.0058% | 1h | 773.97 | +0.001% | $1.5M | $319K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0080% | 1h | 774.85 | +0.115% | $958K | $654K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.82 | −0.018% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.04 | +0.010% | $154K | $32K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.43 | +0.061% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.02 | +0.008% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC]short | L +0.0347% / S −0.1264% | 1h | 774.49 | +0.068% | $25K | — | 53x | |
| edgeX SPYUSDC | +0.0981% | 4h | 774.56 | +0.078% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC