Funding you earn now, next payment 04:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.026%
Price spread now: MEXC against GMX−0.180%7-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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.180% cheaper against GMX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2017 | L +0.0201% / S −0.0278% | pay 0.0025% / 1h | 39m 51s | $13K | — | 100x |
| Short | MEXC FET_USDT | 0.2013 | 0.0100 | get 0.0100% / 8h | 4h 39m | $31.0M | $24.3M | 200x |
GMX FET/USD [ETH-USDC]
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$21.29
- Price spread: −0.180% → 0.000%
- −$17.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$51.24
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; MEXC: 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 MEXC live order book, 4 min ago | 4.95 bp | 6.8 bp −$7 | 16.4 bp −$164 | 66.3 bp −$6,627 | 192.8 bp −$96.4K |
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 | −0.3701% | 1h | 0.2017 | +0.019% | $38K | $306K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2022 | +0.267% | $147K | $237K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0456% | 1h | 0.2018 | +0.044% | $996K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2016 | −0.006% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.328% | $3K | $166K | 12x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2015 | −0.080% | $8.8M | $8.4M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2013 | −0.180% | $200K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2013 | −0.167% | $30.9M | $113.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2012 | −0.229% | $2.7M | $12.5M | 50x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2013 | −0.180% | $31.0M | $24.3M | 200x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
Gate FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2014 | −0.130% | $10.5M | $18.9M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2016 | −0.024% | $337K | $423K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2015 | −0.080% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2012 | −0.208% | $35K | $249K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0197% | 4h | 0.2013 | −0.180% | $1.0M | $8.2M | 20x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0278% | 1h | 0.2017 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2015 | −0.080% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0303% | 8h | 0.2015 | −0.080% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0315% | 8h | 0.2014 | −0.130% | $16.3M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2016 | −0.026% | $35K | $39K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET