Funding you earn now, next payment 05:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.054%
Price spread now: BloFin against GMX−0.040%51s7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.040%, 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: −$6 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 | GMX BTC/USD [WBTC.b-USDC] | 85,472.6 | L +0.0176% / S −0.0149% | pay 0.0022% / 1h | 21m 40s | $13.1M | — | 200x |
| Short | BloFin BTC-USDT | 85,438.7 | −0.0024 | pay 0.0024% / 8h | 3h 21m | $419.0M | $675.3M | 150x |
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$42.04
- Price spread: −0.040% → −0.043%
- $0.37
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.67
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 13 min ago. 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 BloFin live order book, 13 min ago | 0.01 bp | 6.2 bp −$6 | 6.2 bp −$62 | 6.2 bp −$625 | 7.0 bp −$3,508 |
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 | −0.0140% | 1h | 85,490 | +0.020% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,444 | −0.033% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0043% | 8h | 85,518.9 | +0.054% | $919.2M | $757.5M | 125x | as long as short |
| BloFin BTC-USDTshort | −0.0024% | 8h | 85,438.7 | −0.040% | $419.0M | $675.3M | 150x | |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,441.7 | −0.036% | $365K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 85,532.6 | +0.070% | $515.1M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,467.1 | −0.006% | $504K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,433.8 | −0.045% | $24.5M | $223.1M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,475.8 | +0.004% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0034% | 1h | 85,537 | +0.075% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,514 | +0.048% | $339K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0056% | 1h | 85,457 | −0.018% | $59.9M | $336.0M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0062% | 1h | 85,498.6 | +0.030% | $884.7M | $1.59B | 50x | as long as short |
| BingX BTC-USDC | +0.0065% | 8h | 85,529.9 | +0.067% | — | $17.2M | — | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,461 | −0.014% | $148.4M | $495.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,546.9 | +0.087% | $2.95B | $5.12B | 150x | as long as short |
| Binance BTCUSDT | +0.0094% | 8h | 85,540.3 | +0.079% | $9.44B | $24.43B | 150x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,540.3 | +0.079% | $5.07B | $5.67B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,541.9 | +0.081% | $172.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,538 | +0.076% | $23.9M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,426 | −0.055% | $8.4M | $55.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,447.3 | −0.030% | $2.7M | $2.0M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,529 | +0.066% | $231K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,593.6 | +0.142% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,604 | +0.154% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,577.7 | +0.123% | $40.1M | $588.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,535.5 | +0.074% | $5.18B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,547.6 | +0.088% | $2.59B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,539 | +0.078% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,543.6 | +0.083% | $4.7M | $99.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,545.2 | +0.085% | $5.53B | $10.83B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,452.7 | −0.023% | $36.0M | $178.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453 | −0.023% | $154.1M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,480.4 | +0.009% | $279.2M | $928.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,439.6 | −0.039% | $214.7M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,498.2 | +0.030% | $139.9M | $315.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,468.5 | −0.005% | $30.2M | $207.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,502.6 | +0.035% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,460 | −0.015% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,456.5 | −0.019% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,453.5 | −0.022% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,507.1 | +0.040% | $206K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,446.7 | −0.030% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,437.5 | −0.041% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,449.9 | −0.027% | $2.26B | $949.0M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,447 | −0.030% | $679.5M | $701.9M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0101% | 1h | 85,457.3 | −0.018% | $6.6M | $147.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,517.4 | +0.052% | $45.6M | $234.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,457.6 | −0.018% | — | $106.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,490 | +0.020% | $117.3M | $5.25B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,474.5 | +0.002% | $187.7M | $956.1M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,476 | +0.004% | $11.5M | $754.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,581.2 | +0.127% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]long | L +0.0176% / S −0.0149% | 1h | 85,472.6 | long leg | $13.1M | — | 200x | |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,483.6 | +0.013% | $696K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0255% | 1h | 85,496.5 | +0.028% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Deribit BTC-PERPETUAL
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
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
ApeX Omni BTCUSDT
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
HTX BTC-USDT
Bulk BTC-USD
Reya BTCRUSDPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD