Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.8% APRpaid last 24h +0.066%
Price spread now: GMX against OKX+0.185%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 +$7 a day on $10k at the current rate, and GMX is 0.185% dearer against OKX than usual: you sell high and buy low: +$19 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 | OKX ALGO-USDT-SWAP | 0.1118 | 0.0100 | pay 0.0100% / 8h | 7h 52m | $3.0M | $7.5M | 50x |
| Short | GMX ALGO/USD [WBTC.b-USDC] | 0.1120 | L +0.0338% / S −0.0344% | get 0.0043% / 1h | 52m 18s | $7K | — | 100x |
OKX ALGO-USDT-SWAP
GMX ALGO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against OKX. 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
- $51.31
- Price spread: +0.185% → 0.000%
- $18.51
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $47.82
- Costs to cover
- 0.220%
- Break-even
- 0.5 days
Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago | 0.45 bp | 18.4 bp −$18 | 62.5 bp −$625 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0733% | 1h | 0.1118 | −0.009% | $101K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0567% | 1h | 0.1118 | −0.048% | $832K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0247% | 8h | 0.1116 | −0.197% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0135% | 8h | 0.1122 | +0.304% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1123 | +0.447% | $67K | $301K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.223% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.161% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1119 | +0.068% | $6K | $217K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0098% | 8h | 0.1120 | +0.179% | $23.0M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0098% | 8h | 0.1117 | −0.102% | $9.9M | $34.4M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | +0.241% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.224% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAPlong | +0.0100% | 8h | 0.1118 | long leg | $3.0M | $7.5M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1121 | +0.259% | $881K | $809K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1121 | +0.224% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.018% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1120 | +0.125% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | +0.322% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.072% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0218% | 8h | 0.1122 | +0.349% | $492K | $792K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]short | L +0.0338% / S −0.0344% | 1h | 0.1120 | +0.185% | $7K | — | 100x | |
| dYdX ALGO-USD | +0.1310% | 1h | 0.1123 | +0.413% | $161K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
dYdX ALGO-USD