OP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0234%/8h= −25.6% APRnext payment −$0.29 per $10,000 · paid last 24h −0.066%

Price spread now: GMX against gTrade (Gains Network)+0.028%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on GMX

What this pair did over the last

the charts below follow

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 0.028% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 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	gTrade (Gains Network) OP/USD	0.1253	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	4m 05s	—	—	150x
Short	GMX OP/USD [OP-USDC]	0.1253	L −0.1065% / S +0.0229%	pay 0.0029% / 1h	4m 05s	$13K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$49.09
Price spread: +0.028% → 0.000%: $2.79
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$68.3
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	0.1246	−0.559%	$34K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]short	L −0.1065% / S +0.0229%	1h	0.1253	+0.028%	$13K	—	100x
Deribit OP_USDC-PERPETUAL	−0.0548%	1h	0.1252	−0.080%	$33K	$153K	25x	as long as short
Orderly PERP_OP_USDC	−0.0011%	8h	0.1251	−0.160%	$59K	$142K	10x	as long as short
dYdX OP-USD	0.0000%	1h	0.1254	+0.062%	$39K	$532	10x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1253	long leg	—	—	150x
Variational Omni OP	+0.0005%	8h	0.1253	+0.034%	$222K	$46K	—	as long as short
Bybit OPUSDT	+0.0063%	8h	0.1251	−0.144%	$18.4M	$25.7M	75x	as long as short
Kraken Futures PF_OPUSD	+0.0074%	1h	0.1253	−0.029%	$752K	$632K	20x	as long as short
OKX OP-USDT-SWAP	+0.0094%	8h	0.1251	−0.144%	$6.1M	$29.0M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1252	−0.048%	$275K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1251	−0.144%	$3.4M	$3.3M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1253	+0.025%	$204K	$213K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1251	−0.144%	$19.5M	$64.9M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1252	−0.072%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1251	−0.144%	$23.1M	$7.7M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1252	−0.080%	$2.8M	$6.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1251	−0.160%	$5.8M	$6.7M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1252	−0.048%	—	$6.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1251	−0.152%	$105K	$214K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1252	−0.044%	$379K	$767K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1254	+0.053%	$309K	$5.4M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1252	−0.080%	$43K	$705K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1251	−0.168%	$207	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1253	0.000%	$174K	$244K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1251	−0.150%	$101K	$506K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1251	−0.140%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTX	+0.0160%	1h	0.1254	+0.080%	$26K	$60K	50x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1254	+0.072%	$981K	$307K	75x	as long as short
Reya OPRUSDPERP	+0.0443%	1h	0.1252	−0.096%	$696	—	20x	as long as short