Funding you earn now, next payment 21:00 UTC−0.0610%/8h= −66.8% APRnext payment −$0.76 per $10,000 · paid last 24h −0.186%
Price spread now: Deribit against GMX+0.020%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ALGO/USD [WBTC.b-USDC] | 0.1122 | L +0.0237% / S −0.0158% | pay 0.0030% / 1h | 31m 38s | $5K | — | 100x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1123 | −0.0373 | pay 0.0047% / 1h | 31m 38s | $102K | $52K | 25x |
GMX ALGO/USD [WBTC.b-USDC]
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against GMX. 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
- −$128.08
- Price spread: +0.020% → 0.000%
- $1.96
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$145.12
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 17 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 Deribit live order book, 17 min ago | 3.14 bp | 13.8 bp −$14 | 22.6 bp −$226 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUALshort | −0.0373% | 1h | 0.1123 | +0.020% | $102K | $52K | 25x | |
| Kraken Futures PF_ALGOUSD | −0.0140% | 1h | 0.1123 | +0.081% | $832K | $1.2M | 50x | as long as short |
| Injective ALGO/USDC PERP | −0.0126% | 1h | 0.1114 | −0.738% | $829 | $89K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0071% | 8h | 0.1121 | −0.132% | $11.4M | $12.3M | 75x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1124 | +0.127% | $62K | $345K | 50x | as long as short |
| Variational Omni ALGO | −0.0019% | 8h | 0.1119 | −0.277% | $65K | $11K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1123 | +0.025% | $7K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1124 | +0.127% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.044% | $44K | $34K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.096% | $9.9M | $35.1M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1121 | −0.132% | $3.0M | $7.9M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1123 | +0.064% | $860K | $799K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1122 | −0.061% | $22.7M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1122 | +0.002% | $3.6M | $1.6M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.025% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.061% | — | $3.2M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.096% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.153% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1121 | −0.103% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1121 | −0.114% | $482K | $800K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]long | L +0.0237% / S −0.0158% | 1h | 0.1122 | long leg | $5K | — | 100x | |
| dYdX ALGO-USD | +0.1735% | 1h | 0.1124 | +0.113% | $161K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
dYdX ALGO-USD