Funding you earn now, next payment 10:00 UTC+0.5253%/8h= +575.2% APRpaid last 24h +1.576%
Price spread now: GMX against OKX+0.130%82s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 for this trade now. Funding pays +$158 a day on $10k at the current rate, and GMX is 0.130% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 82 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 | OKX MEGA-USDT-SWAP | 0.04680 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $944K | $3.1M | 20x |
| Short | GMX MEGA/USD [ETH-USDC] | 0.04686 | L +0.0238% / S −0.5353% | get 0.0669% / 1h | 18m 08s | $3K | — | 45x |
OKX MEGA-USDT-SWAP
GMX MEGA/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against OKX. 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
- $1,103.09
- Price spread: +0.130% → 0.000%
- $13.03
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $1,094.13
- Costs to cover
- 0.220%
- Break-even
- 0.1 days
Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.13 bp | 31.2 bp −$31 | 140.7 bp −$1,407 | doesn't fit | 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.
MEGA on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEGAUSDT | −0.0263% | 4h | 0.04687 | +0.150% | $3.6M | $5.7M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04685 | +0.107% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0067% | 1h | 0.04685 | +0.107% | $202K | $137K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04686 | +0.128% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04688 | +0.171% | $21K | $94K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04687 | +0.156% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04686 | +0.128% | $4.2M | $13.3M | 50x | as long as short |
| OKX MEGA-USDT-SWAPlong | +0.0100% | 4h | 0.04680 | long leg | $944K | $3.1M | 20x | |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04680 | 0.000% | $138K | −$0 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04687 | +0.150% | $210K | $326K | 20x | as long as short |
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04687 | +0.150% | $761K | $396K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04683 | +0.064% | $252K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04687 | +0.150% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04682 | +0.043% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04686 | +0.128% | $19K | $51K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04695 | +0.311% | $340K | $229K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04698 | +0.394% | $21K | $2.2M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04698 | +0.385% | $24K | $225K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04684 | +0.085% | $1K | $1.8M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04683 | +0.066% | $132K | $794K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0108% | 4h | 0.04684 | +0.085% | $208K | $85K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04684 | +0.086% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0170% | 1h | 0.04703 | +0.491% | $21K | $7K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0177% | 1h | 0.04687 | +0.158% | $113 | $15 | 25x | as long as short |
| GMX MEGA/USD [ETH-USDC]short | L +0.0238% / S −0.5353% | 1h | 0.04686 | +0.130% | $3K | — | 45x | |
| Hyperliquid MEGA | +0.0295% | 1h | 0.04694 | +0.306% | $8.1M | $2.5M | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0592% | 1h | 0.04589 | −1.934% | $5K | $12K | 50x | as long as short |
| Lighter MEGA | +0.0696% | 1h | 0.04707 | +0.577% | $639K | $402K | 3x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
Deribit MEGA_USDC-PERPETUAL
Hyperliquid MEGA
Coinbase International MEGA-PERP-INTX
Lighter MEGA