Funding you earn now, next payment 07:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h −0.024%
Price spread now: Extended against GMX+0.097%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
=The price spread pays, funding is against you. Extended is 0.097% dearer against GMX than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2003 | L +0.0201% / S −0.0301% | pay 0.0025% / 1h | 2m 57s | $13K | — | 100x |
| Short | Extended FET-USD | 0.2005 | 0.0136 | get 0.0017% / 1h | 2m 57s | $37K | $203K | 10x |
GMX FET/USD [ETH-USDC]
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$13.68
- Price spread: +0.097% → 0.000%
- $9.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$20.98
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Extended: live order book, 38 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 Extended live order book, 38 min ago | 7.51 bp | 16.2 bp −$16 | 54.2 bp −$542 | 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 | −0.3722% | 1h | 0.2006 | +0.125% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2012 | +0.425% | $151K | $264K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2001 | −0.141% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.325% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2007 | +0.162% | $187K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2005 | +0.075% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2007 | +0.175% | $10.5M | $18.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2008 | +0.233% | $285K | $506K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2004 | +0.025% | $36K | $11K | 10x | as long as short |
| MEXC FET_USDT | +0.0132% | 8h | 0.2006 | +0.125% | $29.5M | $25.3M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FETUSDT | +0.0133% | 8h | 0.2005 | +0.075% | $30.7M | $114.2M | 75x | as long as short |
| Extended FET-USDshort | +0.0136% | 1h | 0.2005 | +0.097% | $37K | $203K | 10x | |
| Bitget FETUSDT | +0.0194% | 8h | 0.2006 | +0.125% | $16.2M | $11.8M | 75x | as long as short |
| BingX FET-USDT | +0.0194% | 8h | 0.2005 | +0.075% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0301% | 1h | 0.2003 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0253% | 8h | 0.2007 | +0.175% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0378% | 4h | 0.2005 | +0.075% | $991K | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2010 | +0.330% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0647% | 1h | 0.2007 | +0.197% | $991K | $2.2M | 50x | as long as short |
| Hyperliquid FET | +0.0669% | 1h | 0.2008 | +0.205% | $8.5M | $8.4M | 5x | as long as short |
Binance FETUSDT
Bitget FETUSDT
BingX FET-USDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Kraken Futures PF_FETUSD
Hyperliquid FET