S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.065%

Price spread now: GMX against gTrade (Gains Network)−0.029%7-day average — · you buy dearer than you sell

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GMX is 0.029% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$3 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	gTrade (Gains Network) S/USD	0.03931	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	44m 33s	$606	—	150x
Short	GMX S/USD [WBTC.b-USDC]	0.03930	L −0.0200% / S +0.0193%	pay 0.0024% / 1h	44m 33s	$1K	—	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 −0.029%Rate

Funding earned: −$40.67
Price spread: −0.029% → 0.000%: −$2.87
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: −$65.55
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.

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	−0.6840%	1h	0.03840	−2.323%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2124%	1h	0.03927	−0.107%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.679%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0937%	4h	0.03931	−0.021%	$611K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0200% / S +0.0193%	1h	0.03930	−0.029%	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.03928	−0.085%	$4	—	15x	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.03931	long leg	$606	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.290%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0035%	4h	0.03929	−0.059%	$100K	$341K	10x	as long as short
Lighter S	+0.0096%	1h	0.03931	−0.008%	$165K	$217K	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	0.03928	−0.092%	$984K	$701K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03931	−0.012%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03927	−0.110%	$5.4M	$17.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03927	−0.110%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03934	+0.068%	$981K	$5.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03926	−0.136%	$320K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03926	−0.136%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03928	−0.085%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03924	−0.186%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03923	−0.212%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	−0.034%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03923	−0.217%	$221K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0259%	1h	0.03933	+0.042%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03927	−0.110%	$265K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0402%	1h	0.03940	+0.221%	$115K	$310K	5x	as long as short