Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.057%
Price spread now: GMX against Bitget−0.044%54s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. GMX is 0.044% cheaper against Bitget than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.0 days of funding at the current rate (+$1 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FETUSDT | 0.1995 | 0.0228 | pay 0.0228% / 8h | 2h 09m | $16.3M | $11.4M | 75x |
| Short | GMX FET/USD [ETH-USDC] | 0.1994 | L +0.0200% / S −0.0278% | get 0.0035% / 1h | 9m 33s | $13K | — | 100x |
Bitget FETUSDT
GMX FET/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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
- $10.45
- Price spread: −0.044% → 0.000%
- −$4.41
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$17.96
- Costs to cover
- 0.240%
- Break-even
- 19.0 days
Slippage unknown: Bitget: live order book, 9 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 Bitget live order book, 9 min ago | 2.48 bp | 16.8 bp −$17 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| 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.
FET on 20 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 FET_USDC-PERPETUAL | −0.5735% | 1h | 0.1993 | −0.100% | $26K | $209K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +1.353% | $161K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0019% | 8h | 0.1991 | −0.201% | $2.7M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.1995 | −0.001% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.1994 | −0.036% | $1.0M | $2.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1992 | −0.129% | $341K | $532K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1993 | −0.102% | $31.1M | $107.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.1994 | −0.050% | $847K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1992 | −0.150% | $34.4M | $25.4M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1992 | −0.150% | $10.3M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2000 | +0.273% | $271K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1994 | −0.050% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1992 | −0.175% | $32K | $145K | 10x | as long as short |
| GMX FET/USD [ETH-USDC]short | L +0.0200% / S −0.0278% | 1h | 0.1994 | −0.044% | $13K | — | 100x | |
| BingX FET-USDT | +0.0207% | 8h | 0.1993 | −0.100% | — | $5.6M | — | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2001 | +0.301% | $1.7M | $2.6M | 100x | as long as short |
| Bitget FETUSDTlong | +0.0228% | 8h | 0.1995 | long leg | $16.3M | $11.4M | 75x | |
| Hyperliquid FET | +0.0230% | 1h | 0.1994 | −0.050% | $8.9M | $7.8M | 5x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | +0.752% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2010 | +0.762% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
BloFin FET-USDT
Hyperliquid FET
Injective FET/USDC PERP
Phoenix FET