Funding you earn now, next payment 11:00 UTC−0.0617%/8h= −67.5% APRnext payment −$0.77 per $10,000 · paid last 24h −0.161%
Price spread now: Deribit against GMX−0.096%186s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$19 a day on $10k at the current rate, and Deribit is 0.096% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 186 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 ALGO/USD [WBTC.b-USDC] | 0.1099 | L +0.0321% / S −0.0273% | pay 0.0040% / 1h | 49m 10s | $6K | — | 100x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1098 | −0.0296 | pay 0.0037% / 1h | 49m 10s | $86K | $41K | 25x |
GMX ALGO/USD [WBTC.b-USDC]
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$129.54
- Price spread: −0.096% → 0.000%
- −$9.64
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$158.18
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
GMX and Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALGOUSDT | −0.0327% | 8h | 0.1097 | −0.187% | $10.6M | $13.3M | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0313% | 1h | 0.1098 | −0.071% | $807K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUALshort | −0.0296% | 1h | 0.1098 | −0.096% | $86K | $41K | 25x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1102 | +0.218% | $16K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0017% | 8h | 0.1098 | −0.140% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0031% | 8h | 0.1098 | −0.133% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.887% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1105 | +0.559% | $63K | $176K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1099 | −0.005% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1099 | −0.005% | $44K | $37K | 5x | as long as short |
Bybit ALGOUSDT
Kraken Futures PF_ALGOUSD
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 | 0.1098 | −0.106% | $9.2M | $33.7M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1097 | −0.187% | $827K | $880K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1098 | −0.124% | $23.5M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1098 | −0.096% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1099 | −0.024% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1098 | −0.142% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1097 | −0.196% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1100 | +0.067% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1097 | −0.175% | $4K | $179K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1099 | −0.051% | $472K | $808K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]long | L +0.0321% / S −0.0273% | 1h | 0.1099 | long leg | $6K | — | 100x | |
| dYdX ALGO-USD | +0.1351% | 1h | 0.1099 | −0.029% | $159K | $5K | 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