BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0253%/8h= −27.7% APRnext payment −$0.32 per $10,000 · paid last 24h −0.064%

Price spread now: Jupiter Perps against GMX−0.003%7-day average −0.029% · you buy dearer than you sell

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

Long on GMX Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.211%−$21 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.003%, 7d avg −0.029%

Together, before fees−0.241%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Jupiter Perps is 0.026% dearer against GMX than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.029%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BTC/USD [WBTC.b-USDC]	86,428.6	L +0.0205% / S −0.0219%	pay 0.0026% / 1h	28m 14s	$14.5M	—	200x
Short	Jupiter Perps WBTC-PERP	86,426.3	L +0.0104% / S +0.0048%	pay 0.0006% / 1h	28m 14s	—	$98.5M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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 Jupiter PerpsbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$53.12
Price spread: −0.003% → −0.029%: $2.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$74.49
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Jupiter Perps: 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 GMX no order-book sample	—	—	—	—	—
Sell Jupiter Perps no order-book sample	—	—	—	—	—

GMX and Jupiter Perps: 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.

BTC on 56 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
Bluefin BTC-PERP	−0.0349%	1h	86,460.8	+0.037%	$144K	$666K	40x	as long as short
Phoenix BTC	−0.0129%	1h	86,403	−0.030%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,444	+0.018%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,413.5	−0.017%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,417.5	−0.013%	$481K	$21.5M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,435.2	+0.008%	$36.9M	—	200x	as long as short
Phemex BTCUSDT	+0.0018%	8h	86,423.7	−0.006%	$154.6M	$473.6M	150x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,358	−0.082%	$343K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0024%	8h	86,417	−0.013%	$501.2M	$1.14B	200x	as long as short
dYdX BTC-USD	+0.0027%	1h	86,436	+0.009%	$16.9M	$20.5M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XBTUSDTM	+0.0041%	8h	86,430	+0.002%	$832.1M	$719.6M	125x	as long as short
Reya BTCRUSDPERP	+0.0045%	1h	86,415.3	−0.015%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDT	+0.0050%	8h	86,420.7	−0.009%	—	$1.57B	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,420	−0.010%	$8.3M	$42.4M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0059%	1h	86,465.2	+0.042%	$902.5M	$1.51B	50x	as long as short
Bitget BTCUSDT	+0.0063%	8h	86,414.2	−0.017%	$2.97B	$5.03B	150x	as long as short
MEXC BTC_USDT	+0.0078%	8h	86,420.9	−0.009%	$5.13B	$5.70B	500x	as long as short
Binance BTCUSDT	+0.0079%	8h	86,418.2	−0.012%	$9.42B	$24.30B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,416.2	−0.014%	$2.5M	$1.8M	20x	as long as short
SoDEX BTC-USD	+0.0095%	1h	86,428	−0.001%	$60.4M	$338.2M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,433.9	+0.006%	$170.7M	$986.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,435.2	+0.008%	$23.7M	$149.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,403	−0.030%	$8.4M	$52.0M	100x	as long as short
HTX BTC-USDT	+0.0098%	8h	86,407.4	−0.025%	$2.29B	$962.6M	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,390	−0.045%	$202K	$7.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,478.8	+0.058%	$4.2M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,429.9	+0.001%	$22.0M	$227.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,484.8	+0.065%	$3.79B	$5.00B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,476.8	+0.056%	$41.1M	$552.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,420.3	−0.010%	$5.26B	$9.66B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,426.5	−0.002%	$2.56B	$12.48B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,452	+0.027%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,459.5	+0.036%	$7.2M	$94.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,422.3	−0.007%	$5.80B	$10.54B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,412.6	−0.019%	$37.5M	$158.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,377.3	−0.059%	$158.2M	$561.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,361.8	−0.077%	$278.9M	$951.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,400.1	−0.033%	$217.0M	$165.5M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,356.3	−0.084%	$141.6M	$321.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,351.2	−0.090%	$30.7M	$209.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,450.5	+0.025%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,429	0.000%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,417.8	−0.012%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,428.2	0.000%	$2.5M	$8.9M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,450.4	+0.025%	$30.5M	$58.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,398.7	−0.035%	$3.4M	$5.2M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,411.1	−0.020%	$576.0M	$32.8M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,410.3	−0.021%	$45.9M	$221.8M	50x	as long as short
Jupiter Perps WBTC-PERPshort	L +0.0104% / S +0.0048%	1h	86,426.3	−0.003%	—	$98.5M	500x
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,455	+0.031%	$132.4M	$5.39B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,455.2	+0.031%	$192.5M	$941.4M	100x	as long as short
Aftermath Perps BTCUSD	+0.0167%	1h	86,408.1	−0.024%	$77K	$217K	20x	as long as short
Hibachi BTC/USDT-P	+0.0168%	1h	86,394.7	−0.039%	$710K	$7.9M	30x	as long as short
BloFin BTC-USDT	+0.0198%	8h	86,365.3	−0.073%	$415.9M	$645.9M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]long	L +0.0205% / S −0.0219%	1h	86,428.6	long leg	$14.5M	—	200x
Kalshi KXBTCPERP	+0.0209%	8h	86,453	+0.028%	$10.2M	$762.9M	6.4x	as long as short