Funding you earn now, next payment 11:00 UTC−0.0955%/8h= −104.6% APRnext payment −$1.19 per $10,000 · paid last 24h −0.378%
Price spread now: GMX against dYdX−0.393%221s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$29 a day on $10k at the current rate, and GMX is 0.393% cheaper against dYdX than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 221 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1086 | 0.1219 | pay 0.0152% / 1h | 2m 17s | $157K | $5K | 5x |
| Short | GMX ALGO/USD [WBTC.b-USDC] | 0.1082 | L +0.0314% / S −0.0264% | get 0.0033% / 1h | 2m 17s | $6K | — | 100x |
dYdX ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against dYdX. 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
- −$200.58
- Price spread: −0.393% → 0.000%
- −$39.28
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$261.87
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: dYdX: live order book, 45 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 dYdX live order book, 45 min ago | 29.86 bp | 42.9 bp −$43 | 117.6 bp −$1,176 | 143.0 bp −$14.3K | 664.5 bp −$332.2K |
| 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 exchanges
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 | −0.0316% | 1h | 0.1088 | +0.125% | $795K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0210% | 1h | 0.1086 | +0.017% | $86K | $41K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0180% | 8h | 0.1085 | −0.075% | $10.4M | $13.5M | 75x | as long as short |
| Variational Omni ALGO | −0.0008% | 8h | 0.1080 | −0.562% | $58K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1086 | +0.017% | $16K | — | 150x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0011% | 8h | 0.1086 | −0.029% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +3.101% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1093 | +0.597% | $62K | $173K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1088 | +0.173% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1087 | +0.064% | $43K | $38K | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1087 | +0.042% | $9.2M | $33.8M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1086 | −0.048% | $827K | $896K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1087 | +0.044% | $23.3M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1087 | +0.081% | $3.3M | $1.3M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1086 | −0.029% | $5.3M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1086 | −0.011% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1086 | −0.048% | $56K | $121K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1089 | +0.247% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1087 | +0.025% | $5K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1084 | −0.241% | $469K | $838K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]short | L +0.0314% / S −0.0264% | 1h | 0.1082 | −0.393% | $6K | — | 100x | |
| dYdX ALGO-USDlong | +0.1219% | 1h | 0.1086 | long leg | $157K | $5K | 5x |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT