Funding you earn now, next payment 22:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.057%
Price spread now: GMX against Binance+0.040%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. GMX is 0.040% dearer against Binance than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1258 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $20.4M | $62.7M | 75x |
| Short | GMX OP/USD [OP-USDC] | 0.1258 | L −0.1065% / S +0.0229% | pay 0.0029% / 1h | 0m 22s | $13K | — | 100x |
Binance OPUSDT
GMX OP/USD [OP-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. 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
- −$69.15
- Price spread: +0.040% → 0.000%
- $4.03
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$87.12
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago | 0.79 bp | 11.4 bp −$11 | 22.8 bp −$228 | 108.7 bp −$10.9K | 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.
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1658% | 1h | 0.1254 | −0.289% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC]short | L −0.1065% / S +0.0229% | 1h | 0.1258 | +0.040% | $13K | — | 100x | |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −1.164% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1258 | +0.040% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1258 | +0.029% | $41K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | +0.058% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0042% | 8h | 0.1257 | −0.042% | $231K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0044% | 8h | 0.1257 | −0.050% | $6K | $50K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0091% | 8h | 0.1257 | −0.026% | $5.9M | $29.7M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1259 | +0.077% | $270K | $908K | 15x | as long as short |
Injective OP/USDC PERP
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0099% | 8h | 0.1258 | +0.029% | $1.8M | $1.5M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1259 | +0.141% | $4.1M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1258 | +0.014% | $211K | $241K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1258 | long leg | $20.4M | $62.7M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1256 | −0.098% | $18.3M | $25.4M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1258 | +0.005% | $19.9M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1258 | +0.029% | $2.9M | $7.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1258 | +0.029% | $6.0M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1257 | −0.050% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1258 | +0.013% | $124K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1258 | +0.043% | $11K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1256 | −0.130% | $311K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1257 | −0.050% | $45K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1257 | −0.034% | $178 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1258 | +0.061% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1257 | −0.038% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | +0.005% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0136% | 1h | 0.1259 | +0.095% | $778K | $732K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1258 | +0.061% | $1.0M | $281K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1257 | −0.018% | $699 | — | 20x | as long as short |
Gate OP_USDT
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP