Funding you earn now, next payment 03:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.037%
Price spread now: OKX against GMX−0.256%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.256% cheaper against GMX than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MON/USD [ETH-USDC] | 0.02535 | L +0.0260% / S −0.0429% | pay 0.0033% / 1h | 29m 12s | $9K | — | 50x |
| Short | OKX MON-USDT-SWAP | 0.02529 | 0.0100 | get 0.0050% / 4h | 1h 29m | $4.2M | $5.8M | 50x |
GMX MON/USD [ETH-USDC]
OKX MON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$33.63
- Price spread: −0.256% → 0.000%
- −$25.64
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$81.27
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago | 3.95 bp | 19.8 bp −$20 | 90.3 bp −$903 | 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.
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02540 | +0.177% | $13K | $367K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | −0.020% | $6K | $111 | 5.5x | as long as short |
| Backpack MON_USDC_PERP | −0.0235% | 1h | 0.02539 | +0.134% | $114K | $151K | 10x | as long as short |
| Bybit MONUSDT | −0.0138% | 8h | 0.02528 | −0.276% | $20.7M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSD | 0.0000% | 1h | 0.02536 | +0.035% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02536 | +0.008% | $105K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02534 | −0.051% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0085% | 4h | 0.02535 | −0.020% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02534 | −0.059% | $844K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02535 | −0.021% | $8K | $42 | 5x | as long as short |
Phoenix MON
Injective MON/USDC PERP
Backpack MON_USDC_PERP
Bybit MONUSDT
01 Exchange MONUSD
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02537 | +0.059% | $34.4M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02537 | +0.061% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02538 | +0.118% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02536 | +0.032% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02534 | −0.075% | $24.2M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAPshort | +0.0100% | 4h | 0.02529 | −0.256% | $4.2M | $5.8M | 50x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02536 | +0.020% | $953K | $928K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02536 | +0.020% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02535 | −0.020% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02535 | −0.001% | $753K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02534 | −0.077% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02540 | +0.178% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02539 | +0.138% | $68K | $502K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02539 | +0.136% | $408K | $541K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02532 | −0.138% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | −0.217% | $105K | $4K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02536 | +0.033% | $50K | $516K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02533 | −0.118% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0233% | 1h | 0.02535 | −0.020% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC]long | L +0.0260% / S −0.0429% | 1h | 0.02535 | long leg | $9K | — | 50x | |
| BloFin MON-USDT | +0.0340% | 4h | 0.02534 | −0.059% | $1.3M | $321K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0491% | 1h | 0.02536 | +0.018% | $270K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02542 | +0.237% | $111K | $52K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX