Funding you earn now, next payment 12:00 UTC+0.0364%/8h= +39.8% APRpaid last 24h +0.058%
Price spread now: GMX against Bybit+0.112%7-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 +$11 a day on $10k at the current rate, and GMX is 0.112% dearer against Bybit than usual: you sell high and buy low: +$11 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 | Bybit ALGOUSDT | 0.1087 | −0.0100 | get 0.0100% / 8h | 4h 26m | $10.4M | $13.4M | 75x |
| Short | GMX ALGO/USD [WBTC.b-USDC] | 0.1088 | L +0.0315% / S −0.0264% | get 0.0033% / 1h | 26m 20s | $6K | — | 100x |
Bybit ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bybit. 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
- $76.4
- Price spread: +0.112% → 0.000%
- $11.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $64.63
- Costs to cover
- 0.230%
- Break-even
- 1.1 days
Slippage unknown: Bybit: live order book, 10 min ago; 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 Bybit live order book, 10 min ago | 0.46 bp | 12.4 bp −$12 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0509% | 1h | 0.1088 | +0.088% | $785K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0118% | 1h | 0.1087 | −0.009% | $86K | $41K | 25x | as long as short |
| Bybit ALGOUSDTlong | −0.0100% | 8h | 0.1087 | long leg | $10.4M | $13.4M | 75x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1088 | +0.130% | $16K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0001% | 8h | 0.1087 | +0.004% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0015% | 8h | 0.1087 | +0.055% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +3.055% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1091 | +0.368% | $64K | $177K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1089 | +0.230% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1088 | +0.127% | $43K | $38K | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1088 | +0.083% | $9.2M | $33.5M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1086 | −0.064% | $824K | $874K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1088 | +0.074% | $23.5M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1088 | +0.083% | $3.3M | $1.3M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1087 | +0.018% | $5.3M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1087 | +0.064% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1086 | −0.028% | $56K | $121K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1090 | +0.294% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1087 | +0.059% | $6K | $308K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1086 | −0.055% | $471K | $846K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]short | L +0.0315% / S −0.0264% | 1h | 0.1088 | +0.112% | $6K | — | 100x | |
| dYdX ALGO-USD | +0.1601% | 1h | 0.1088 | +0.128% | $158K | $4K | 5x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
dYdX ALGO-USD