Funding you earn now, next payment 06:00 UTC−0.0449%/8h= −49.2% APRpaid last 24h −0.098%
Price spread now: GMX against BloFin−0.088%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 −$13 a day on $10k at the current rate, and GMX is 0.088% cheaper against BloFin than usual: you would sell low and buy high (−$9 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 | BloFin OP-USDT | 0.1252 | 0.0220 | pay 0.0220% / 8h | 2h 02m | $985K | $306K | 75x |
| Short | GMX OP/USD [OP-USDC] | 0.1251 | L −0.1065% / S +0.0229% | pay 0.0029% / 1h | 2m 55s | $13K | — | 100x |
BloFin OP-USDT
GMX OP/USD [OP-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- −$94.35
- Price spread: −0.088% → 0.000%
- −$8.78
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$127.13
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 29 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 BloFin live order book, 29 min ago | 0.40 bp | 13.9 bp −$14 | 27.0 bp −$270 | 84.0 bp −$8,400 | 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 | −0.1583% | 1h | 0.1247 | −0.423% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC]short | L −0.1065% / S +0.0229% | 1h | 0.1251 | −0.088% | $13K | — | 100x | |
| Deribit OP_USDC-PERPETUAL | −0.0548% | 1h | 0.1252 | −0.024% | $33K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0013% | 8h | 0.1252 | −0.024% | $59K | $142K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1252 | −0.020% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | −0.049% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0005% | 8h | 0.1253 | +0.090% | $222K | $46K | — | as long as short |
| Bybit OPUSDT | +0.0060% | 8h | 0.1252 | −0.048% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1254 | +0.140% | $752K | $633K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1252 | −0.008% | $6.1M | $29.1M | 50x | as long as short |
Injective OP/USDC PERP
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Bybit OPUSDT
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1253 | +0.048% | $275K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1252 | +0.008% | $3.4M | $3.3M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1253 | +0.094% | $204K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1252 | +0.004% | $19.6M | $64.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1253 | +0.032% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1253 | +0.016% | $23.1M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1252 | −0.024% | $2.8M | $6.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1252 | −0.024% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1253 | +0.056% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1252 | −0.016% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1253 | +0.060% | $380K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1254 | +0.109% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.056% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | +0.016% | $207 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1252 | −0.032% | $174K | $244K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1251 | −0.092% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1252 | −0.013% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | +0.136% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1252 | long leg | $985K | $306K | 75x | |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1250 | −0.163% | $695 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
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
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP