Funding you earn now, next payment 07:00 UTC−0.0501%/8h= −54.8% APRpaid last 24h −0.151%
Price spread now: Binance against GMX+0.071%80s7-day average −0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.071%, 7d avg −0.029%
=The price spread pays, funding is against you. Binance is 0.100% dearer against GMX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.029%): +$10 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.248% in total) that is about 33 hours. The two prices were read 80 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 | GMX FIL/USD [WBTC.b-USDC] | 0.9886 | L +0.0601% / S −0.0280% | pay 0.0075% / 1h | 30m 07s | $264K | — | 100x |
| Short | Binance FILUSDT | 0.9893 | 0.0100 | get 0.0100% / 8h | 1h 30m | $55.7M | $187.5M | 75x |
GMX FIL/USD [WBTC.b-USDC]
Binance FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$105.11
- Price spread: +0.071% → −0.029%
- $10.02
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$117.09
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 13 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 Binance live order book, 13 min ago | 0.50 bp | 8.5 bp −$8 | 14.9 bp −$149 | 49.4 bp −$4,936 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9919 | +0.332% | $352K | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0154% | 1h | 0.9901 | +0.150% | $170K | $23K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9892 | +0.061% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9894 | +0.078% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.315% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0050% | 8h | 0.9891 | +0.049% | $17.9M | $108.9M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0058% | 8h | 0.9893 | +0.069% | $7.0M | $8.0M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9891 | +0.048% | $148K | $355K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9893 | +0.068% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9896 | +0.097% | $504K | $606K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
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 FILUSDTshort | +0.0100% | 8h | 0.9893 | +0.071% | $55.7M | $187.5M | 75x | |
| Bybit FILUSDT | +0.0100% | 8h | 0.9891 | +0.049% | $15.5M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9895 | +0.089% | $8.2M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9894 | +0.079% | $230K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9894 | +0.079% | $11.2M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9893 | +0.069% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9885 | −0.014% | $439K | $273K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9861 | −0.258% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9863 | −0.240% | $291K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.164% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9906 | +0.202% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | +0.039% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9895 | +0.089% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9905 | +0.190% | $615K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | +0.039% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9896 | +0.101% | $693K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9860 | −0.265% | $2.6M | $673K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0247% | 1h | 0.9899 | +0.130% | $1.3M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0601% / S −0.0280% | 1h | 0.9886 | long leg | $264K | — | 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