Funding you earn now, next payment 03:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.037%
Price spread now: GMX against Bitget+0.013%7-day average +0.045% · 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)+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.013%, 7d avg +0.045%
=Funding pays, the price is against you. GMX is 0.032% cheaper against Bitget than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.045%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTCUSDT | 85,689 | 0.0068 | pay 0.0068% / 8h | 5h 33m | $2.95B | $5.02B | 150x |
| Short | GMX BTC/USD [WBTC.b-USDC] | 85,700 | L +0.0203% / S −0.0180% | get 0.0023% / 1h | 33m 18s | $13.6M | — | 200x |
Bitget BTCUSDT
GMX BTC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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
- $23.53
- Price spread: +0.013% → +0.045%
- −$3.21
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$3.69
- Costs to cover
- 0.240%
- Break-even
- 8.1 days
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.1 bp −$708 | 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.
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0160% | 1h | 85,662 | −0.032% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,709 | +0.023% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,682.9 | −0.007% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,650 | −0.046% | $416.1M | $663.9M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,685.8 | −0.004% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,701.5 | +0.015% | $36.6M | — | 200x | as long as short |
| Bluefin BTC-PERP | +0.0010% | 1h | 85,726.5 | +0.044% | $196K | $722K | 40x | as long as short |
| Nado BTC-PERP | +0.0011% | 1h | 85,695.9 | +0.008% | $22.9M | $221.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0011% | 8h | 85,677.5 | −0.013% | $918.1M | $753.0M | 125x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,681.2 | −0.009% | $516.3M | $1.11B | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Bluefin BTC-PERP
Nado BTC-PERP
KuCoin XBTUSDTM
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0054% | 8h | 85,699.9 | +0.013% | — | $1.53B | — | as long as short |
| HTX BTC-USDT | +0.0067% | 8h | 85,651.2 | −0.044% | $2.27B | $935.2M | 200x | as long as short |
| Bitget BTCUSDTlong | +0.0068% | 8h | 85,689 | long leg | $2.95B | $5.02B | 150x | |
| Reya BTCRUSDPERP | +0.0068% | 1h | 85,692.9 | +0.005% | $6.7M | $146.4M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.130% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,686.5 | −0.003% | $2.5M | $1.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,658.7 | −0.035% | $147.9M | $479.1M | 150x | as long as short |
| SunX BTC-USDT | +0.0081% | 8h | 85,607.1 | −0.096% | $2.9M | $6.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,695.2 | +0.007% | $5.05B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,696.2 | +0.008% | $9.35B | $23.90B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,678.2 | −0.013% | $170.1M | $989.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,675.5 | −0.016% | $23.9M | $148.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,696 | +0.008% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,715.4 | +0.031% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,662 | −0.032% | $196K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,761 | +0.084% | $3.78B | $4.94B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,707.5 | +0.022% | $40.5M | $573.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,701.6 | +0.015% | $5.34B | $9.59B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,700.3 | +0.013% | $2.57B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,668 | −0.025% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,646.7 | −0.049% | $7.2M | $96.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,702.7 | +0.016% | $5.56B | $10.49B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,657.8 | −0.036% | $35.4M | $172.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,622.5 | −0.078% | $155.0M | $548.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,599.5 | −0.104% | $279.3M | $929.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,645.6 | −0.051% | $214.9M | $166.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,618.1 | −0.083% | $140.2M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,651 | −0.044% | $30.3M | $210.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,735.6 | +0.054% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,691 | +0.002% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,700 | +0.013% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,693.2 | +0.005% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,685.6 | −0.004% | $30.0M | $52.6M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,660 | −0.034% | $60.0M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.087% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,663.3 | −0.030% | $44.1M | $227.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,683.7 | −0.006% | — | $105.9M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0107% | 1h | 85,699.8 | +0.013% | $893.0M | $1.52B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,709.1 | +0.023% | $130.6M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,716.9 | +0.033% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,694 | +0.006% | $188.9M | $949.3M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0193% | 1h | 85,629.2 | −0.070% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,683.2 | −0.007% | $701K | $7.9M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]short | L +0.0203% / S −0.0180% | 1h | 85,700 | +0.013% | $13.6M | — | 200x | |
| Kalshi KXBTCPERP | +0.0214% | 8h | 85,673 | −0.019% | $10.5M | $760.4M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,682 | −0.008% | $519K | $19.4M | 6.7x | as long as short |
BingX BTC-USDT
HTX BTC-USDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
Phemex BTCUSDT
SunX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SoDEX BTC-USD
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC