Funding you earn now, next payment 11:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.102%
Price spread now: Bybit against GMX+0.587%71s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.587% dearer against GMX than usual: you sell high and buy low: +$59 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 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 S/USD [WBTC.b-USDC] | 0.04667 | L −0.0336% / S +0.0211% | get 0.0042% / 1h | 28m 05s | $2K | — | 100x |
| Short | Bybit SUSDT | 0.04694 | 0.0100 | get 0.0050% / 4h | 1h 28m | $6.7M | $5.9M | 50x |
GMX S/USD [WBTC.b-USDC]
Bybit SUSDTFunding 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
- $91.5
- Price spread: +0.587% → 0.000%
- $58.72
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $127.21
- Costs to cover
- 0.230%
- Break-even
- from the start
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 | 5.39 bp | 30.1 bp −$30 | 79.8 bp −$798 | 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.
S on 25 exchanges
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 | −1.0600% | 1h | 0.04480 | −3.999% | $27K | $3K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.4478% | 1h | 0.04686 | +0.426% | $40K | $28K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1904% | 1h | 0.04128 | −11.542% | $50K | $18K | 25x | as long as short |
| Variational Omni S | −0.0901% | 4h | 0.04639 | −0.593% | $743K | $43K | — | as long as short |
| GMX S/USD [WBTC.b-USDC]long | L −0.0336% / S +0.0211% | 1h | 0.04667 | long leg | $2K | — | 100x | |
| Deribit S_USDC-PERPETUAL | −0.0176% | 1h | 0.04693 | +0.566% | $79K | $623 | 10x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04684 | +0.371% | $5 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0056% | 4h | 0.04684 | +0.373% | $116K | $641K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04693 | +0.567% | $724 | — | 150x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04691 | +0.523% | $165K | $146K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
Deribit S_USDC-PERPETUAL
Reya SRUSDPERP
Orderly PERP_S_USDC
gTrade (Gains Network) S/USD
Lighter SShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04704 | +0.801% | $1.2M | $928K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04697 | +0.644% | $50K | $155K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04702 | +0.759% | $7.3M | $22.0M | 75x | as long as short |
| Bybit SUSDTshort | +0.0100% | 4h | 0.04694 | +0.587% | $6.7M | $5.9M | 50x | |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04692 | +0.544% | $1.4M | $6.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04700 | +0.716% | $403K | $250K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04698 | +0.673% | $4.3M | $3.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04689 | +0.480% | $2.2M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04711 | +0.951% | $1.4M | $3.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04700 | +0.716% | — | $7.1M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04650 | −0.356% | $25K | $527K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04680 | +0.297% | $264K | $1.3M | 10x | as long as short |
| Injective S/USDC PERP | +0.0140% | 1h | 0.04600 | −1.427% | $2K | $2 | 12x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04648 | −0.399% | $345K | $237K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0657% | 1h | 0.04710 | +0.930% | $107K | $460K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Injective S/USDC PERP
BloFin S-USDT
Backpack S_USDC_PERP