Funding you earn now, next payment 07:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.031%
Price spread now: Bybit against GMX−0.126%111s7-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 −$3 a day on $10k at the current rate, and Bybit is 0.126% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 111 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 | GMX POL/USD [ETH-USDC] | 0.1095 | L +0.0210% / S −0.0388% | pay 0.0026% / 1h | 5m 35s | $3K | — | 100x |
| Short | Bybit POLUSDT | 0.1094 | 0.0100 | get 0.0050% / 4h | 1h 05m | $15.7M | $9.6M | 75x |
GMX POL/USD [ETH-USDC]
Bybit POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$23.02
- Price spread: −0.126% → 0.000%
- −$12.6
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.62
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.83 bp | 14.1 bp −$14 | 32.8 bp −$328 | 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.
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0472% | 1h | 0.1088 | −0.665% | $201K | $197K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0379% | 1h | 0.1095 | −0.007% | $1.2M | $994K | 50x | as long as short |
| Gate POL_USDT | −0.0318% | 4h | 0.1094 | −0.163% | $1.8M | $1.3M | 75x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1094 | −0.081% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1095 | −0.046% | $19K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1095 | −0.008% | $12K | — | 150x | as long as short |
| OKX POL-USDT-SWAP | +0.0005% | 4h | 0.1094 | −0.126% | $5.7M | $9.3M | 50x | as long as short |
| Orderly PERP_POL_USDC | +0.0007% | 4h | 0.1095 | −0.062% | $11K | $1.5M | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.435% | $3K | $124K | 12x | as long as short |
| ApeX Omni POLUSDT | +0.0056% | 1h | 0.1094 | −0.117% | $194K | $641K | 50x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Gate POL_USDT
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
OKX POL-USDT-SWAP
Orderly PERP_POL_USDC
Injective POL/USDC PERP
ApeX Omni POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter POL | +0.0096% | 1h | 0.1094 | −0.086% | $277K | $543K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1096 | +0.066% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1095 | −0.050% | $363K | $174K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1094 | −0.113% | $16.7M | $36.6M | 75x | as long as short |
| Bybit POLUSDTshort | +0.0100% | 4h | 0.1094 | −0.126% | $15.7M | $9.6M | 75x | |
| MEXC POL_USDT | +0.0100% | 4h | 0.1094 | −0.089% | $24.7M | $3.3M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1095 | −0.071% | $2.9M | $918K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1095 | −0.071% | $4.1M | $3.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1094 | −0.089% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1094 | −0.102% | $605K | $166K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1094 | −0.143% | $1.1M | $2.8M | 10x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1094 | −0.115% | $94K | $235K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1094 | −0.163% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC]long | L +0.0210% / S −0.0388% | 1h | 0.1095 | long leg | $3K | — | 100x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1093 | −0.199% | $896K | $146K | 75x | as long as short |
Lighter POL
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
BloFin POL-USDT