Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.021%
Price spread now: GMX against Ondo Perps−0.014%7-day average +0.036% · 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)+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.014%, 7d avg +0.036%
=Together, before fees+0.103%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.050% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.036%). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 85,206 | 0.0100 | pay 0.0013% / 1h | 35m 10s | $3.8M | $17.3M | 25x |
| Short | GMX BTC/USD [WBTC.b-USDC] | 85,194.4 | L +0.0175% / S −0.0147% | get 0.0018% / 1h | 35m 10s | $13.0M | — | 200x |
Ondo Perps BTC-USD.P
GMX BTC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Ondo Perps. 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
- $9.87
- Price spread: −0.014% → +0.036%
- −$5.01
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$12.14
- Costs to cover
- 0.170%
- Break-even
- 15.6 days
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Ondo Perps and 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,200 | −0.007% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,354 | +0.174% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0024% | 8h | 85,214 | +0.009% | $928.3M | $776.8M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,197.3 | −0.010% | $420.3M | $682.3M | 150x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,200 | −0.007% | $509.5M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,195.1 | −0.013% | $346K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,225.3 | +0.023% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,196.5 | −0.011% | $36.4M | — | 200x | as long as short |
| ApeX Omni BTCUSDT | +0.0020% | 1h | 85,214.8 | +0.010% | $139.7M | $312.6M | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,217.9 | +0.014% | $185.6M | $953.9M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
ApeX Omni BTCUSDT
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0065% | 8h | 85,193.8 | −0.014% | — | $17.4M | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,210 | +0.005% | $338K | $24.7M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0069% | 1h | 85,233.6 | +0.032% | $840.8M | $1.66B | 50x | as long as short |
| Bybit BTCUSDT | +0.0081% | 8h | 85,207.8 | +0.002% | $5.12B | $10.00B | 150x | as long as short |
| Nado BTC-PERP | +0.0088% | 1h | 85,226.6 | +0.024% | $24.0M | $220.6M | 50x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,215.6 | +0.011% | $2.97B | $5.19B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,200.1 | −0.007% | $168.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,216.1 | +0.012% | $23.6M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,192 | −0.016% | $8.4M | $57.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,184 | −0.026% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,210 | +0.005% | $5.03B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,209.8 | +0.004% | $9.38B | $25.10B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,168 | −0.045% | $269K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,238.6 | +0.038% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,297 | +0.107% | $3.75B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,225.7 | +0.023% | $39.9M | $606.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,222.7 | +0.020% | $2.59B | $12.22B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 85,206 | long leg | $3.8M | $17.3M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 85,201.9 | −0.005% | $4.6M | $97.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,220.9 | +0.017% | $5.49B | $11.06B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,201.6 | −0.005% | $37.3M | $186.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,196.3 | −0.011% | $155.5M | $553.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,229.3 | +0.027% | $282.6M | $957.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,333.8 | +0.150% | $214.3M | $158.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,195.8 | −0.012% | $30.0M | $210.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,262.8 | +0.067% | — | $10.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,192 | −0.016% | $10.9M | $14.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,190.2 | −0.019% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,185.9 | −0.024% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,222.1 | +0.019% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,169.5 | −0.043% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,214.2 | +0.010% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,192 | −0.016% | $59.6M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,200 | −0.007% | $2.25B | $970.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,227.9 | +0.026% | $159.0M | $515.3M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,299.3 | +0.109% | $693.1M | $258.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,156.6 | −0.058% | $45.5M | $241.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,195.8 | −0.012% | — | $106.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,239 | +0.039% | $111.9M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0139% | 1h | 85,178.3 | −0.033% | $6.6M | $145.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,229 | +0.027% | $12.1M | $736.8M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,210.8 | +0.006% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]short | L +0.0175% / S −0.0147% | 1h | 85,194.4 | −0.014% | $13.0M | — | 200x | |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,246.5 | +0.048% | $682K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0297% | 1h | 85,315.9 | +0.129% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,199.6 | −0.008% | $474K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
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
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC