ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0445%/8h= −48.7% APRnext payment −$0.56 per $10,000 · paid last 24h −0.093%

Price spread now: Coinbase International against GMX+0.268%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Coinbase International is 0.268% dearer against GMX than usual: you sell high and buy low (spread +0.268% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ALGO/USD [WBTC.b-USDC]	0.1111	L +0.0341% / S −0.0313%	pay 0.0043% / 1h	2m 27s	$7K	—	100x
Short	Coinbase International ALGO-PERP-INTX	0.1114	−0.0104	pay 0.0013% / 1h	2m 27s	$87K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.268%Rate

Funding earned: −$93.49
Price spread: +0.268% → 0.000%: $26.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$88.67
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 5 min ago	11.18 bp	16.2 bp −$16	21.3 bp −$213	doesn't fit	doesn't fit

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	−0.0570%	1h	0.1110	−0.035%	$825K	$1.1M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0380%	1h	0.1111	−0.020%	$101K	$49K	25x	as long as short
Coinbase International ALGO-PERP-INTXshort	−0.0104%	1h	0.1114	+0.268%	$87K	$273K	50x
Variational Omni ALGO	−0.0065%	8h	0.1113	+0.236%	$61K	$12K	—	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1112	+0.066%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.826%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1108	−0.231%	$3.6M	$1.9M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1111	+0.040%	$44K	$38K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1108	−0.254%	$9.9M	$34.6M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1108	−0.299%	$11.2M	$12.0M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1107	−0.344%	$2.9M	$7.5M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1108	−0.290%	$869K	$830K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1109	−0.164%	$22.8M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1111	+0.016%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1107	−0.344%	$5.5M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1107	−0.308%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1114	+0.259%	$61K	$142K	75x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1108	−0.234%	$8K	$233K	10x	as long as short
Phemex ALGOUSDT	+0.0113%	8h	0.1112	+0.106%	$3.8M	$1.8M	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1111	+0.016%	$493K	$766K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]long	L +0.0341% / S −0.0313%	1h	0.1111	long leg	$7K	—	100x
dYdX ALGO-USD	+0.1487%	1h	0.1110	−0.092%	$159K	$3K	5x	as long as short