Funding you earn now, next payment 07:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h +0.052%
Price spread now: GMX against BloFin+0.046%51s7-day average +0.043% · 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)+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.046%, 7d avg +0.043%
=The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 51 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 | BloFin BTC-USDT | 85,319.2 | −0.0024 | get 0.0024% / 8h | 1h 49m | $421.0M | $683.6M | 150x |
| Short | GMX BTC/USD [WBTC.b-USDC] | 85,358.1 | L +0.0175% / S −0.0152% | get 0.0019% / 1h | 49m 41s | $13.0M | — | 200x |
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- $36.9
- Price spread: +0.046% → +0.043%
- $0.27
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $13.17
- Costs to cover
- 0.240%
- Break-even
- 4.5 days
Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 0.02 bp | 6.0 bp −$6 | 6.1 bp −$61 | 6.8 bp −$680 | 7.4 bp −$3,692 |
| 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 | −0.0082% | 1h | 85,346 | +0.031% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,309 | −0.012% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0048% | 8h | 85,324.8 | +0.007% | $926.0M | $772.3M | 125x | as long as short |
| BloFin BTC-USDTlong | −0.0024% | 8h | 85,319.2 | long leg | $421.0M | $683.6M | 150x | |
| Aster BTCUSDT | −0.0010% | 8h | 85,296.9 | −0.026% | $512.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,343.9 | +0.029% | $16.7M | $21.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,336.9 | +0.021% | $526K | $18.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,362.2 | +0.050% | $36.5M | — | 200x | as long as short |
| 01 Exchange BTCUSD | +0.0008% | 1h | 85,345.6 | +0.031% | $354K | $2.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0025% | 1h | 85,333.8 | +0.017% | $139.5M | $314.5M | 100x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
01 Exchange BTCUSD
ApeX Omni BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0042% | 1h | 85,285 | −0.040% | $24.5M | $222.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,405 | +0.101% | $339K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0070% | 8h | 85,312.3 | −0.008% | — | $1.56B | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,301.5 | −0.021% | $2.95B | $5.18B | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,364.5 | +0.053% | $187.1M | $956.1M | 100x | as long as short |
| Phemex BTCUSDT | +0.0091% | 8h | 85,361.1 | +0.049% | $149.9M | $508.7M | 150x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,297.9 | −0.025% | $4.99B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,300.7 | −0.022% | $9.42B | $24.98B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,311 | −0.010% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,309.7 | −0.011% | $23.6M | $147.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,350 | +0.036% | $8.3M | $56.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,343.4 | +0.028% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,316 | −0.004% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,361.4 | +0.049% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,390 | +0.083% | $3.74B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,333 | +0.016% | $39.9M | $602.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,298.5 | −0.024% | $5.14B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,300 | −0.023% | $2.59B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,350 | +0.036% | $3.8M | $17.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,353 | +0.040% | $4.6M | $98.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,312.7 | −0.008% | $5.50B | $10.96B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,341.4 | +0.026% | $36.7M | $179.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,300.3 | −0.022% | $155.0M | $558.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,312.4 | −0.008% | $279.5M | $951.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,303.8 | −0.018% | $214.1M | $167.2M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,338.5 | +0.023% | $30.1M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,406.5 | +0.102% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,350 | +0.036% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,361 | +0.049% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,351 | +0.037% | $2.6M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,387.7 | +0.080% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,328.4 | +0.011% | $30.0M | $47.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,323 | +0.004% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,350 | +0.036% | $59.7M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,344.9 | +0.030% | $2.26B | $968.7M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,294.8 | −0.029% | $682.6M | $475.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,284.5 | −0.041% | $44.6M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,340.1 | +0.024% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,391.9 | +0.085% | $116.8M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0123% | 1h | 85,352.8 | +0.039% | $6.6M | $147.6M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0136% | 1h | 85,391.5 | +0.085% | $865.8M | $1.63B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]short | L +0.0175% / S −0.0152% | 1h | 85,358.1 | +0.046% | $13.0M | — | 200x | |
| RISEx BTC/USDC | +0.0193% | 1h | 85,370.6 | +0.060% | $8.7M | $43.2M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0196% | 8h | 85,368 | +0.057% | $11.6M | $742.9M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,327.4 | +0.010% | $689K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0249% | 1h | 85,363.9 | +0.052% | $79K | $229K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
BingX BTC-USDT
Bitget BTCUSDT
Kraken Futures PF_XBTUSD
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
RISEx BTC/USDC
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD