ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0109%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.018%

Price spread now: GMX against ApeX Omni+0.017%7-day average +0.036% · you sell dearer than you buy

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

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$9 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.017%, 7d avg +0.036%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.085%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ETHUSDT	2,771	0.0100	pay 0.0013% / 1h	30m 35s	$8.7M	$32.2M	100x
Short	GMX ETH/USD [ETH-USDC]	2,771.5	L +0.0025% / S +0.0009%	pay 0.0001% / 1h	30m 35s	$12.7M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. 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 ApeX OmnibpFee GMXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$22.92
Price spread: +0.017% → +0.036%: −$1.81
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$46.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 4 min ago; 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 ApeX Omni live order book, 4 min ago	0.32 bp	5.6 bp −$6	7.4 bp −$74	24.8 bp −$2,478	51.8 bp −$25.9K
Sell GMX no order-book sample	—	—	—	—	—

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.

ETH on 55 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
Injective ETH/USDC PERP	−0.0752%	1h	2,772.9	+0.069%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,769.6	−0.052%	$5.6M	$11.2M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,770.9	−0.004%	$321K	$6.4M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,770.3	−0.025%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,769.7	−0.047%	$168K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,771.1	+0.004%	$878K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770.2	−0.029%	$12.2M	$45.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.7	+0.024%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0019%	8h	2,770.6	−0.014%	$269.6M	$67.5M	150x	as long as short
Bullet ETH-USD	+0.0022%	1h	2,770.9	−0.003%	$183K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0025%	8h	2,769.4	−0.057%	$1.71B	$11.19B	100x	as long as short
GMX ETH/USD [ETH-USDC]short	L +0.0025% / S +0.0009%	1h	2,771.5	+0.017%	$12.7M	—	200x
SoDEX ETH-USD	+0.0033%	1h	2,770.4	−0.021%	$55.2M	$188.0M	40x	as long as short
Aster ETHUSDT	+0.0040%	8h	2,769.7	−0.046%	$256.6M	$886.2M	200x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,769.5	−0.055%	$1.62B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,769.3	−0.060%	$6.46B	$16.35B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,767.9	−0.112%	$5.0M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0065%	1h	2,772	+0.037%	$31K	$23K	20x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,769.4	−0.056%	$2.10B	$2.88B	150x	as long as short
HTX ETH-USDT	+0.0075%	8h	2,770.7	−0.010%	$1.08B	$1.25B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,771.8	+0.028%	$60.4M	$4.44B	50x	as long as short
Vest ETH-PERP	+0.0082%	1h	2,770.1	−0.034%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,769.7	−0.045%	$420.3M	$631.7M	100x	as long as short
Gate ETH_USDT	+0.0094%	8h	2,769.7	−0.048%	$3.36B	$8.99B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,770.1	−0.031%	$115.2M	$457.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772	+0.038%	$25.7M	$111.3M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,771.2	+0.008%	$15.9M	$8.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.7	−0.047%	$485K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.1	−0.034%	$14.7M	$114.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.7	+0.062%	$3.17B	$2.24B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.3	−0.025%	$31.3M	$323.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.7	−0.048%	$2.51B	$4.37B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.9	−0.039%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.4	−0.021%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.8	−0.042%	$171.6M	$277.9M	25x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,769.7	−0.048%	—	$1.21B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,770.7	−0.010%	$15.2M	$42.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.6	−0.015%	$140.2M	$345.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.9	−0.040%	$181.8M	$787.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,769.6	−0.052%	$161.0M	$84.9M	50x	as long as short
ApeX Omni ETHUSDTlong	+0.0100%	1h	2,771	long leg	$8.7M	$32.2M	100x
StandX ETH-USD	+0.0100%	1h	2,768.5	−0.090%	$21.4M	$62.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,769.4	−0.057%	$10.6M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.2	+0.008%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.7	+0.060%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,770.8	−0.006%	$972K	$13.3M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.1	−0.067%	$31.0M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,771.9	+0.032%	—	$37.0M	500x	as long as short
Kalshi KXETHPERP	+0.0110%	8h	2,771.9	+0.033%	$8.1M	$682.6M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0111%	1h	2,772.1	+0.040%	$259.1M	$207.1M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,771.9	+0.033%	$95.9M	$319.4M	100x	as long as short
Hibachi ETH/USDT-P	+0.0144%	1h	2,772.4	+0.052%	$253K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0150%	8h	2,773.4	+0.087%	$32.6M	$11.2M	100x	as long as short
BloFin ETH-USDT	+0.0174%	8h	2,770.4	−0.023%	$287.6M	$182.0M	150x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,769.2	−0.064%	$7.3M	$1.2M	25x	as long as short