Funding you earn now, next payment 06:00 UTC+0.0167%/8h= +18.2% APRpaid last 24h +0.282%
Price spread now: GMX against Binance−0.069%7-day average +0.028% · 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)+1.282%+$128 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.069%, 7d avg +0.028%
=Funding pays, the price is against you. GMX is 0.097% cheaper against Binance than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.028%). If the spread goes back, that is −$10 on $10k: about 47 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+1.282% in total) that is about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 0.9945 | 0.0100 | pay 0.0100% / 8h | 2h 49m | $56.5M | $185.7M | 75x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9938 | L +0.0592% / S −0.0267% | get 0.0033% / 1h | 49m 00s | $265K | — | 100x |
Binance FILUSDT
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. 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
- $34.99
- Price spread: −0.069% → +0.028%
- −$9.74
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $3.26
- Costs to cover
- 0.220%
- Break-even
- 6.3 days
Slippage unknown: Binance: 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 Binance live order book, 9 min ago | 0.50 bp | 7.7 bp −$8 | 13.8 bp −$138 | 45.4 bp −$4,540 | 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.
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0353% | 1h | 0.9942 | −0.030% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9932 | −0.131% | $356K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9938 | −0.066% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9928 | −0.171% | $58K | $1K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0015% | 8h | 0.9947 | +0.020% | $18.0M | $107.8M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.905% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0034% | 8h | 0.9936 | −0.090% | $7.3M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9936 | −0.092% | $145K | $376K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9945 | −0.002% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9945 | −0.003% | $507K | $613K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDTlong | +0.0100% | 8h | 0.9945 | long leg | $56.5M | $185.7M | 75x | |
| Bybit FILUSDT | +0.0100% | 8h | 0.9942 | −0.030% | $15.8M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9946 | +0.010% | $8.4M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9941 | −0.040% | $234K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9945 | 0.000% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9943 | −0.020% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9926 | −0.193% | $449K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9904 | −0.417% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9935 | −0.101% | $291K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | −0.251% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9946 | +0.009% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9930 | −0.151% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9935 | −0.101% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9944 | −0.010% | $618K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | −0.151% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9945 | +0.002% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9938 | −0.070% | $2.7M | $705K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0250% | 1h | 0.9943 | −0.022% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0592% / S −0.0267% | 1h | 0.9938 | −0.069% | $265K | — | 100x |
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD