ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.050%

Price spread now: GMX against Coinbase International−0.116%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Funding pays, the price is against you. GMX is 0.116% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALGO-PERP-INTX	0.1117	0.0144	pay 0.0018% / 1h	11m 35s	$63K	$194K	50x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1115	L +0.0319% / S −0.0264%	get 0.0033% / 1h	11m 35s	$6K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $25.13
Price spread: −0.116% → 0.000%: −$11.64
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$8.51
Costs to cover: 0.220%
Break-even: 9.4 days

Slippage unknown: Coinbase International: live order book, 26 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 Coinbase International live order book, 26 min ago	6.31 bp	12.2 bp −$12	doesn't fit	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 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
Kraken Futures PF_ALGOUSD	−0.0264%	1h	0.1116	−0.085%	$833K	$1.1M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0109%	1h	0.1115	−0.143%	$88K	$46K	25x	as long as short
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1116	−0.090%	$16K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.304%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1115	−0.161%	$3.4M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1114	−0.213%	$44K	$37K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1114	−0.269%	$9.5M	$34.4M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1113	−0.322%	$11.3M	$13.0M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1114	−0.278%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1114	−0.233%	$839K	$955K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1113	−0.322%	$23.4M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1113	−0.313%	$3.5M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1113	−0.322%	$5.5M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1114	−0.215%	—	$3.4M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1112	−0.441%	$61K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1114	−0.188%	$58K	$137K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1117	+0.036%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1113	−0.305%	$4K	$195K	10x	as long as short
Coinbase International ALGO-PERP-INTXlong	+0.0144%	1h	0.1117	long leg	$63K	$194K	50x
BloFin ALGO-USDT	+0.0220%	8h	0.1114	−0.269%	$477K	$835K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0319% / S −0.0264%	1h	0.1115	−0.116%	$6K	—	100x
dYdX ALGO-USD	+0.1027%	1h	0.1115	−0.159%	$161K	$5K	5x	as long as short