Funding you earn now, next payment 01:00 UTC−0.0961%/8h= −105.2% APRnext payment −$1.20 per $10,000 · paid last 24h −0.046%
Price spread now: Coinbase International against GMX+0.328%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Coinbase International is 0.328% dearer against GMX than usual: you sell high and buy low (spread +0.328% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2012 | L +0.0201% / S −0.0278% | pay 0.0025% / 1h | 45m 50s | $13K | — | 100x |
| Short | Coinbase International FET-PERP-INTX | 0.2019 | −0.0760 | pay 0.0095% / 1h | 45m 50s | $147K | $215K | 50x |
GMX FET/USD [ETH-USDC]
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$201.81
- Price spread: +0.328% → 0.000%
- $32.85
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$190.96
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 22 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 Coinbase International live order book, 22 min ago | 7.30 bp | 57.1 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
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.
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.5185% | 1h | 0.2013 | +0.030% | $29K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0760% | 1h | 0.2019 | +0.328% | $147K | $215K | 50x | |
| Kraken Futures PF_FETUSD | −0.0744% | 1h | 0.2015 | +0.140% | $980K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2014 | +0.057% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.119% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0062% | 8h | 0.2012 | −0.019% | $2.7M | $12.2M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2015 | +0.124% | $9.0M | $8.3M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2013 | +0.016% | $306K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2014 | +0.080% | $31.3M | $112.0M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2013 | +0.030% | $31.2M | $24.8M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2014 | +0.080% | $10.6M | $19.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2016 | +0.189% | $333K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2012 | −0.019% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2013 | +0.009% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0150% | 4h | 0.2015 | +0.130% | $995K | $8.0M | 20x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0278% | 1h | 0.2012 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | +0.378% | $1.7M | $2.8M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2013 | +0.030% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0311% | 8h | 0.2015 | +0.130% | $16.2M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2026 | +0.676% | $35K | $43K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET