BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h +0.057%

Price spread now: GMX against 01 Exchange−0.007%7-day average +0.022% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.007%, 7d avg +0.022%

Together, before fees+0.165%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.029% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.022%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,510.1	−0.0016	get 0.0002% / 1h	26m 44s	$365K	$2.3M	50x
Short	GMX BTC/USD [WBTC.b-USDC]	85,504.4	L +0.0176% / S −0.0149%	get 0.0019% / 1h	26m 44s	$13.1M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee GMXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $34.69
Price spread: −0.007% → +0.022%: −$2.88
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.81
Costs to cover: 0.190%
Break-even: 4.4 days

Slippage unknown: 01 Exchange: live order book, 2 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 01 Exchange live order book, 2 min ago	0.01 bp	3.6 bp −$4	9.6 bp −$96	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.

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	85,526	+0.019%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,511	+0.001%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0041%	8h	85,470.9	−0.046%	$918.4M	$757.4M	125x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,495.6	−0.017%	$419.0M	$675.7M	150x	as long as short
01 Exchange BTCUSDlong	−0.0016%	1h	85,510.1	long leg	$365K	$2.3M	50x
Aster BTCUSDT	0.0000%	8h	85,473.8	−0.042%	$514.7M	$1.10B	200x	as long as short
Perpl BTC	0.0000%	43m	85,516.7	+0.008%	$503K	$18.7M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,503.3	−0.008%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0004%	1h	85,494.4	−0.018%	$24.6M	$223.2M	50x	as long as short
dYdX BTC-USD	+0.0039%	1h	85,528.6	+0.022%	$16.8M	$21.2M	50x	as long as short

Show 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	+0.005%	$339K	$26.9M	52x	as long as short
Deribit BTC-PERPETUAL	+0.0054%	1h	85,530.2	+0.023%	$884.6M	$1.59B	50x	as long as short
BingX BTC-USDC	+0.0065%	8h	85,467.9	−0.049%	—	$17.1M	—	as long as short
SoDEX BTC-USD	+0.0068%	1h	85,481	−0.034%	$59.9M	$335.9M	40x	as long as short
Phemex BTCUSDT	+0.0072%	8h	85,482.7	−0.032%	$148.3M	$495.5M	150x	as long as short
Bitget BTCUSDT	+0.0080%	8h	85,479	−0.036%	$2.95B	$5.11B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,499	−0.013%	$172.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,500.8	−0.011%	$24.0M	$148.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,495	−0.018%	$8.4M	$55.0M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,471.5	−0.045%	$2.7M	$2.0M	20x	as long as short
Binance BTCUSDT	+0.0099%	8h	85,483	−0.032%	$9.44B	$24.41B	150x	as long as short
Reya BTCRUSDPERP	+0.0100%	1h	85,494.7	−0.018%	$6.6M	$147.1M	40x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,483	−0.032%	$210K	$8.3M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,539.4	+0.034%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,572	+0.072%	$3.79B	$5.02B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,521.5	+0.013%	$40.1M	$588.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,482.9	−0.032%	$5.18B	$9.86B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,497.5	−0.015%	$2.59B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,474	−0.042%	$3.8M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,481.7	−0.033%	$4.7M	$100.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,517.4	+0.009%	$680.3M	$725.5M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,488.4	−0.025%	$5.53B	$10.81B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,483	−0.032%	$5.07B	$5.66B	500x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,471	−0.046%	$36.2M	$179.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,584.9	+0.087%	$154.4M	$565.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,513.5	+0.004%	$279.3M	$928.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,538.4	+0.033%	$215.0M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,591	+0.095%	$139.9M	$315.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,549	+0.045%	$30.2M	$207.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,558.4	+0.056%	—	$11.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,495	−0.018%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,489.2	−0.024%	$198K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,482.7	−0.032%	$2.4M	$8.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,525.5	+0.018%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,477.4	−0.038%	$30.0M	$50.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,477.1	−0.039%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,476.1	−0.040%	$2.26B	$948.6M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,453.8	−0.066%	$45.0M	$233.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,521.2	+0.013%	—	$107.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,519	+0.010%	$117.4M	$5.25B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,506	−0.005%	$187.6M	$954.6M	100x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,520.1	+0.012%	$8.7M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]short	L +0.0176% / S −0.0149%	1h	85,504.4	−0.007%	$13.1M	—	200x
Kalshi KXBTCPERP	+0.0197%	8h	85,527	+0.020%	$11.7M	$754.4M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0247%	1h	85,544.6	+0.040%	$78K	$221K	20x	as long as short
Hibachi BTC/USDT-P	+0.0248%	1h	85,568	+0.068%	$697K	$7.9M	30x	as long as short