FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0849%/8h= −92.9% APRnext payment −$1.06 per $10,000 · paid last 24h −0.280%

Price spread now: Coinbase International against GMX+0.332%127s7-day average +0.056% · you sell dearer than you buy

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.395%−$39 on $10k

Price spread, last 4 days (all we have)−0.266%−$27 · spread now +0.332%, 7d avg +0.056%

Together, before fees−0.661%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.275% dearer against GMX than usual: you sell high and buy low (spread +0.332% now, against its 7-day average of +0.056%): +$28 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.395% in total) that is about 2.4 days. The two prices were read 127 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	29m 11s	$264K	—	100x
Short	Coinbase International FIL-PERP-INTX	0.9919	−0.0248	pay 0.0031% / 1h	29m 11s	$352K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.332%Rate

Funding earned: −$178.19
Price spread: +0.332% → +0.056%: $27.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$172.64
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	5.57 bp	12.8 bp −$13	17.3 bp −$173	doesn't fit	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
Deribit FIL_USDC-PERPETUAL	−0.0558%	1h	0.9888	+0.018%	$170K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTXshort	−0.0248%	1h	0.9919	+0.332%	$352K	$2.2M	50x
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	+0.0049%	8h	0.9882	−0.042%	$17.9M	$108.7M	50x	as long as short
KuCoin FILUSDTM	+0.0057%	8h	0.9886	−0.002%	$7.0M	$8.0M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9884	−0.026%	$147K	$355K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9885	−0.012%	$8.3M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9890	+0.036%	$504K	$606K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDT	+0.0100%	8h	0.9886	−0.005%	$55.7M	$187.5M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9882	−0.042%	$15.5M	$20.5M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9884	−0.022%	$8.2M	$16.7M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9886	−0.002%	$230K	$104K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9882	−0.042%	$11.2M	$20.1M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	0.9886	−0.002%	—	$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	0.9877	−0.089%	$45K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9888	+0.016%	$288K	$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	0.9896	+0.102%	$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	0.9884	−0.022%	$476	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9891	+0.049%	$616K	$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	0.9884	−0.021%	$693K	$1.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9895	+0.089%	$2.7M	$675K	75x	as long as short
Kraken Futures PF_FILUSD	+0.0247%	1h	0.9892	+0.059%	$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