Funding you earn now, next payment 03:00 UTC+0.0167%/8h= +18.2% APRpaid last 24h +0.047%
Price spread now: GMX against Bybit+0.110%51s7-day average +0.047% · 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)+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.110%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.047%. 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 | Bybit DOGEUSDT | 0.09969 | 0.0100 | pay 0.0100% / 8h | 5h 54m | $159.6M | $437.5M | 75x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.09980 | L +0.0246% / S −0.0267% | get 0.0033% / 1h | 54m 36s | $311K | — | 200x |
Bybit DOGEUSDT
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bybit. 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
- $34.97
- Price spread: +0.110% → +0.047%
- $6.35
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $18.32
- Costs to cover
- 0.230%
- Break-even
- 3.3 days
Slippage unknown: Bybit: 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 Bybit live order book, 5 min ago | 0.50 bp | 6.6 bp −$7 | 10.1 bp −$101 | 21.8 bp −$2,175 | 41.9 bp −$21.0K |
| 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.
DOGE on 43 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0091% | 8h | 0.09962 | −0.070% | $150.8M | $273.3M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09988 | +0.189% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09982 | +0.131% | $394K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09980 | +0.108% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0021% | 1h | 0.09983 | +0.141% | $596K | $118K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09995 | +0.258% | $812K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09967 | −0.020% | $833 | $430K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09975 | +0.060% | $532K | $988K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09989 | +0.201% | $4.7M | $48.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09988 | +0.193% | $328K | $482K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09975 | +0.061% | $318.1M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDTlong | +0.0100% | 8h | 0.09969 | long leg | $159.6M | $437.5M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09969 | 0.000% | $111.2M | $980.6M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +0.211% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09979 | +0.100% | $242.3M | $131.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09980 | +0.110% | $113.4M | $228.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09987 | +0.181% | $66.1M | $43.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09986 | +0.171% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09989 | +0.201% | $334K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | +0.560% | $998K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09950 | −0.191% | $292K | $128.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09953 | −0.160% | $625K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.191% | $146K | $274K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09969 | +0.003% | $255K | $730K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09981 | +0.120% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09982 | +0.126% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09987 | +0.185% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09987 | +0.181% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09976 | +0.074% | $6.0M | $55.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09989 | +0.201% | $92.0M | $16.8M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09975 | +0.061% | $561K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09982 | +0.130% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0105% | 8h | 0.09985 | +0.164% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0186% | 1h | 0.09970 | +0.012% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09990 | +0.210% | $532 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09951 | −0.182% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0246% / S −0.0267% | 1h | 0.09980 | +0.110% | $311K | — | 200x | |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09996 | +0.271% | $2.3M | $25.8M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0306% | 1h | 0.09985 | +0.162% | $5.8M | $34.7M | 50x | as long as short |
| Hyperliquid DOGE | +0.0450% | 1h | 0.09998 | +0.291% | $121.7M | $99.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09989 | +0.206% | $402K | $367K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09998 | +0.291% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1002 | +0.512% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP