Funding you earn now, next payment 00:00 UTC−0.2897%/8h= −317.2% APRnext payment −$3.62 per $10,000 · paid last 24h −0.411%
Price spread now: Deribit against GMX+0.099%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. Deribit is 0.099% dearer against GMX than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$87 a day in funding at the current rate, which eats that in about 3 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2029 | L +0.0201% / S −0.0278% | pay 0.0025% / 1h | 23m 04s | $14K | — | 100x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2031 | −0.2696 | pay 0.0337% / 1h | 23m 04s | $28K | $201K | 10x |
GMX FET/USD [ETH-USDC]
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$608.27
- Price spread: +0.099% → 0.000%
- $9.91
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$617.37
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 55 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 Deribit live order book, 55 min ago | 9.94 bp | 13.4 bp −$13 | 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-PERPETUALshort | −0.2696% | 1h | 0.2031 | +0.099% | $28K | $201K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2032 | +0.148% | $152K | $201K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0480% | 1h | 0.2033 | +0.177% | $998K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2030 | +0.032% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.936% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0047% | 8h | 0.2030 | +0.050% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2032 | +0.156% | $338K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2031 | +0.117% | $31.7M | $108.7M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2031 | +0.099% | $34.3M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2031 | +0.099% | $10.5M | $19.1M | 50x | as long as short |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2035 | +0.309% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2029 | 0.000% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2031 | +0.079% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0278% | 1h | 0.2029 | long leg | $14K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2031 | +0.099% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0297% | 8h | 0.2031 | +0.099% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0305% | 4h | 0.2035 | +0.296% | $981K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0309% | 8h | 0.2032 | +0.148% | $16.4M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0488% | 1h | 0.2033 | +0.203% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2038 | +0.464% | $35K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Hyperliquid FET
Phoenix FET