Funding you earn now, next payment 00:00 UTC−0.1129%/8h= −123.6% APRnext payment −$1.41 per $10,000 · paid last 24h −0.276%
Price spread now: Deribit against GMX+0.039%7-day average +0.022% · 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)−0.372%−$37 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.039%, 7d avg +0.022%
=The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$34 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9907 | L +0.0572% / S −0.0666% | pay 0.0071% / 1h | 45m 25s | $197K | — | 100x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9911 | −0.0557 | pay 0.0070% / 1h | 45m 25s | $171K | $23K | 25x |
GMX FIL/USD [WBTC.b-USDC]
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$237.04
- Price spread: +0.039% → +0.022%
- $1.66
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$254.38
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 33 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 Deribit live order book, 33 min ago | 3.03 bp | 6.5 bp −$7 | 16.6 bp −$166 | 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-PERPETUALshort | −0.0557% | 1h | 0.9911 | +0.039% | $171K | $23K | 25x | |
| Kraken Futures PF_FILUSD | −0.0393% | 1h | 0.9906 | −0.010% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9882 | −0.254% | $319K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.526% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0008% | 8h | 0.9899 | −0.082% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9906 | −0.009% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9899 | −0.079% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0024% | 8h | 0.9894 | −0.133% | $18.2M | $98.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0028% | 8h | 0.9895 | −0.123% | $10.9M | $21.6M | 75x | as long as short |
| Bybit FILUSDT | +0.0047% | 8h | 0.9897 | −0.102% | $15.4M | $18.3M | 25x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0061% | 8h | 0.9896 | −0.117% | $57.4M | $178.0M | 75x | as long as short |
| MEXC FIL_USDC | +0.0062% | 8h | 0.9889 | −0.183% | $251K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0064% | 1h | 0.9896 | −0.112% | $693K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0065% | 8h | 0.9898 | −0.092% | — | $11.9M | — | as long as short |
| Lighter FIL | +0.0088% | 1h | 0.9893 | −0.145% | $159K | $347K | 5x | as long as short |
| Gate FIL_USDT | +0.0090% | 8h | 0.9897 | −0.102% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9897 | −0.098% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9904 | −0.035% | $499K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | +0.042% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9890 | −0.174% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9884 | −0.235% | $288K | $807K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | −0.173% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9912 | +0.050% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.173% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9899 | −0.082% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9896 | −0.112% | $632K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | +0.130% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0181% | 8h | 0.9881 | −0.264% | $2.7M | $560K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0572% / S −0.0666% | 1h | 0.9907 | long leg | $197K | — | 100x |
Binance FILUSDT
MEXC FIL_USDC
Extended FIL-USD
BingX FIL-USDT
Lighter FIL
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
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
BloFin FIL-USDT