Funding you earn now, next payment 01:00 UTC+0.0722%/8h= +79.0% APRnext payment +$0.90 per $10,000 · paid last 24h +0.199%
Price spread now: GMX against Deribit+0.028%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 +$22 a day on $10k at the current rate, and GMX is 0.028% dearer against Deribit than usual: you sell high and buy low: +$3 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 | Deribit ALGO_USDC-PERPETUAL | 0.1119 | −0.0375 | get 0.0047% / 1h | 48m 28s | $101K | $50K | 25x |
| Short | GMX ALGO/USD [WBTC.b-USDC] | 0.1119 | L +0.0340% / S −0.0347% | get 0.0043% / 1h | 48m 28s | $7K | — | 100x |
Deribit ALGO_USDC-PERPETUAL
GMX ALGO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- $151.59
- Price spread: +0.028% → 0.000%
- $2.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $135.36
- Costs to cover
- 0.190%
- Break-even
- 0.7 days
Slippage unknown: Deribit: live order book, 25 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 Deribit live order book, 25 min ago | 4.90 bp | 18.1 bp −$18 | 26.6 bp −$266 | 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.
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0566% | 1h | 0.1120 | +0.050% | $834K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUALlong | −0.0375% | 1h | 0.1119 | long leg | $101K | $50K | 25x | |
| Bybit ALGOUSDT | −0.0186% | 8h | 0.1117 | −0.161% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0137% | 8h | 0.1116 | −0.261% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1123 | +0.375% | $67K | $301K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | −0.002% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.089% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0088% | 1h | 0.1118 | −0.063% | $4K | $228K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0088% | 8h | 0.1119 | +0.009% | $23.0M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0088% | 8h | 0.1119 | −0.045% | $9.9M | $34.4M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | +0.179% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.081% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1118 | −0.125% | $3.0M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | +0.098% | $880K | $810K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1120 | +0.116% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | 0.000% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | −0.045% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.214% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0130% | 8h | 0.1121 | +0.179% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0208% | 8h | 0.1115 | −0.349% | $489K | $787K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]short | L +0.0340% / S −0.0347% | 1h | 0.1119 | +0.028% | $7K | — | 100x | |
| dYdX ALGO-USD | +0.0908% | 1h | 0.1120 | +0.116% | $161K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
dYdX ALGO-USD