Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.09 per $10,000 · paid last 24h −0.023%
Price spread now: StandX against GMX−0.060%7-day average −0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.060%, 7d avg −0.049%
=Together, before fees−0.058%+ Points / potential airdropStandX: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BTC/USD [WBTC.b-USDC] | 85,566.5 | L +0.0176% / S −0.0151% | pay 0.0022% / 1h | 5m 41s | $13.1M | — | 200x |
| Short | StandX BTC-USD | 85,514.8 | 0.0100 | get 0.0013% / 1h | 5m 41s | $30.2M | $207.4M | 40x |
GMX BTC/USD [WBTC.b-USDC]
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$15.86
- Price spread: −0.060% → −0.049%
- −$1.12
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$36.98
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; StandX: live order book, 4 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 StandX live order book, 4 min ago | 0.64 bp | 4.7 bp −$5 | 5.8 bp −$58 | 6.9 bp −$688 | 9.4 bp −$4,705 |
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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,541.4 | −0.029% | $524K | $18.3M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,557 | −0.011% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,588 | +0.025% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0051% | 8h | 85,530.4 | −0.042% | $929.7M | $772.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,524.7 | −0.049% | $417.9M | $683.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 85,534.3 | −0.038% | $514.4M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,540.5 | −0.030% | $354K | $2.4M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,581.1 | +0.017% | $16.8M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,569.9 | +0.004% | $36.6M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,349 | −0.254% | $339K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0043% | 1h | 85,537.4 | −0.034% | $24.7M | $222.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0052% | 1h | 85,595.2 | +0.034% | $867.8M | $1.62B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,576.1 | +0.011% | $188.6M | $953.9M | 100x | as long as short |
| BingX BTC-USDC | +0.0069% | 8h | 85,519.3 | −0.055% | — | $17.5M | — | as long as short |
| Phemex BTCUSDT | +0.0078% | 8h | 85,560.4 | −0.007% | $149.0M | $506.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,529.9 | −0.043% | $2.96B | $5.18B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,549 | −0.020% | $171.5M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,543.8 | −0.027% | $23.7M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,525 | −0.048% | $8.4M | $55.9M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,534.7 | −0.037% | $5.01B | $5.77B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,554.9 | −0.013% | $2.4M | $6.7M | 20x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,601.5 | +0.041% | $117.2M | $5.45B | 50x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,542.5 | −0.028% | $9.46B | $24.91B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,507 | −0.070% | $236K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,585.8 | +0.023% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,640 | +0.086% | $3.76B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,568.4 | +0.002% | $40.1M | $598.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,533 | −0.039% | $5.15B | $9.98B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,539.1 | −0.032% | $2.59B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,555 | −0.013% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,532.3 | −0.040% | $4.6M | $98.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,501.7 | −0.076% | $682.6M | $531.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,533.7 | −0.038% | $5.52B | $11.10B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,558.4 | −0.009% | $36.5M | $178.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,535.9 | −0.036% | $155.0M | $560.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,513.1 | −0.062% | $280.1M | $951.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,550.7 | −0.018% | $214.8M | $167.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,544.6 | −0.026% | $139.8M | $314.5M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 85,514.8 | −0.060% | $30.2M | $207.4M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,616.2 | +0.058% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,555 | −0.013% | $11.0M | $14.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,561.1 | −0.006% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,571.9 | +0.006% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,605.9 | +0.046% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,546.9 | −0.023% | $30.0M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,505.8 | −0.071% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,561 | −0.006% | $59.9M | $336.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,549.9 | −0.019% | $2.26B | $942.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,501.5 | −0.076% | $44.5M | $240.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,549.5 | −0.020% | — | $106.9M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0120% | 1h | 85,550.4 | −0.019% | $6.6M | $147.5M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]long | L +0.0176% / S −0.0151% | 1h | 85,566.5 | long leg | $13.1M | — | 200x | |
| Kalshi KXBTCPERP | +0.0209% | 8h | 85,572 | +0.006% | $11.6M | $743.1M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0227% | 1h | 85,508.4 | −0.068% | $79K | $228K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,559.3 | −0.008% | $694K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,551.7 | −0.017% | $8.8M | $43.3M | 25x | as long as short |
Nado BTC-PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Coinbase International BTC-PERP-INTX
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC