S

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1185%/8h= −129.8% APRnext payment −$1.48 per $10,000 · paid last 24h −0.033%

Price spread now: GMX against Deribit−0.121%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and GMX is 0.121% cheaper against Deribit than usual: you would sell low and buy high (−$12 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	Deribit S_USDC-PERPETUAL	0.04046	0.0987	pay 0.0123% / 1h	42m 40s	$68K	$10K	10x
Short	GMX S/USD [WBTC.b-USDC]	0.04041	L −0.0206% / S +0.0198%	pay 0.0025% / 1h	42m 40s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$248.93
Price spread: −0.121% → 0.000%: −$12.11
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$280.04
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Deribit 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.

S 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
01 Exchange SUSD	−0.9000%	1h	0.03840	−5.091%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.03946	−2.472%	$49K	$5K	25x	as long as short
Kraken Futures PF_SUSD	−0.1252%	1h	0.04046	−0.012%	$34K	$23K	10x	as long as short
Variational Omni S	−0.0553%	4h	0.04015	−0.757%	$624K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0206% / S +0.0198%	1h	0.04041	−0.121%	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04037	−0.225%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04040	−0.136%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.335%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0040%	4h	0.04041	−0.124%	$105K	$330K	10x	as long as short
Lighter S	+0.0096%	1h	0.04042	−0.099%	$166K	$165K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04045	−0.025%	$1.0M	$612K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04045	−0.023%	$44K	$137K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04039	−0.177%	$5.5M	$15.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04030	−0.395%	$5.8M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04034	−0.297%	$1.0M	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04044	−0.049%	$335K	$202K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04036	−0.247%	$3.9M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04043	−0.074%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04044	−0.049%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04042	−0.099%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	−0.643%	$26K	$447K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04042	−0.087%	$228K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	−0.544%	$272K	$122K	75x	as long as short
Backpack S_USDC_PERP	+0.0934%	1h	0.04050	+0.099%	$119K	$335K	5x	as long as short
Deribit S_USDC-PERPETUALlong	+0.0987%	1h	0.04046	long leg	$68K	$10K	10x