Funding you earn now, next payment 02:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.124%
Price spread now: KuCoin against GMX+0.121%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.121% dearer against GMX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX S/USD [WBTC.b-USDC] | 0.04045 | L −0.0206% / S +0.0198% | get 0.0026% / 1h | 38m 30s | $1K | — | 100x |
| Short | KuCoin SUSDTM | 0.04050 | 0.0100 | get 0.0050% / 4h | 2h 38m | $1.9M | $2.9M | 50x |
GMX S/USD [WBTC.b-USDC]
KuCoin SUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $64.24
- Price spread: +0.121% → 0.000%
- $12.11
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $52.36
- Costs to cover
- 0.240%
- Break-even
- 1.3 days
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 4.93 bp | 92.5 bp −$93 | 229.6 bp −$2,296 | 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 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 | −0.7928% | 1h | 0.04050 | +0.121% | $25K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1464% | 1h | 0.04003 | −1.041% | $48K | $12K | 25x | as long as short |
| Kraken Futures PF_SUSD | −0.1250% | 1h | 0.04054 | +0.228% | $34K | $23K | 10x | as long as short |
| Variational Omni S | −0.0529% | 4h | 0.04046 | +0.019% | $626K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC]long | L −0.0206% / S +0.0198% | 1h | 0.04045 | long leg | $1K | — | 100x | |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04048 | +0.069% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04047 | +0.048% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.357% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0041% | 4h | 0.04058 | +0.319% | $102K | $334K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04054 | +0.220% | $167K | $165K | 5x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04049 | +0.099% | $1.0M | $571K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04050 | +0.132% | $44K | $137K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04045 | +0.001% | $5.6M | $15.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04040 | −0.126% | $5.8M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04049 | +0.096% | $1.0M | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04048 | +0.072% | $335K | $203K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04050 | +0.121% | $3.9M | $1.8M | 200x | as long as short |
| KuCoin SUSDTMshort | +0.0100% | 4h | 0.04050 | +0.121% | $1.9M | $2.9M | 50x | |
| Bitget SUSDT | +0.0100% | 4h | 0.04049 | +0.096% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04046 | +0.022% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04030 | −0.373% | $26K | $449K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04045 | +0.005% | $230K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04024 | −0.522% | $272K | $122K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0736% | 1h | 0.04060 | +0.368% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0962% | 1h | 0.04060 | +0.368% | $121K | $342K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP