Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h −0.011%
Price spread now: OKX against GMX+0.567%172s7-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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.567% dearer against GMX than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 172 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 | GMX FET/USD [ETH-USDC] | 0.2011 | L +0.0201% / S −0.0301% | pay 0.0025% / 1h | 12m 32s | $13K | — | 100x |
| Short | OKX FET-USDT-SWAP | 0.2022 | 0.0271 | get 0.0135% / 4h | 12m 32s | $1.0M | $8.0M | 20x |
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $14.53
- Price spread: +0.567% → 0.000%
- $56.75
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $49.28
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago | 2.48 bp | 24.2 bp −$24 | 62.5 bp −$625 | 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 | −0.3200% | 1h | 0.2022 | +0.567% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0792% | 1h | 0.2025 | +0.717% | $152K | $262K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0011% | 1h | 0.2025 | +0.723% | $1.0M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2021 | +0.497% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.029% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2022 | +0.549% | $188K | $751K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2019 | +0.418% | $2.7M | $12.8M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2021 | +0.518% | $10.5M | $17.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | +0.079% | $276K | $524K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2022 | +0.567% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0132% | 8h | 0.2021 | +0.518% | $30.0M | $25.1M | 200x | as long as short |
| Bitget FETUSDT | +0.0132% | 8h | 0.2022 | +0.567% | $16.5M | $11.6M | 75x | as long as short |
| Binance FETUSDT | +0.0133% | 8h | 0.2022 | +0.557% | $30.9M | $111.7M | 75x | as long as short |
| Extended FET-USD | +0.0136% | 1h | 0.2021 | +0.522% | $37K | $200K | 10x | as long as short |
| BingX FET-USDT | +0.0138% | 8h | 0.2021 | +0.518% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0301% | 1h | 0.2011 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0252% | 8h | 0.2023 | +0.617% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0271% | 4h | 0.2022 | +0.567% | $1.0M | $8.0M | 20x | |
| Phoenix FET | +0.0597% | 1h | 0.2021 | +0.503% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0645% | 1h | 0.2024 | +0.647% | $8.5M | $8.5M | 5x | as long as short |
MEXC FET_USDT
Bitget FETUSDT
Binance FETUSDT
Extended FET-USD
BingX FET-USDT
BloFin FET-USDT
Phoenix FET
Hyperliquid FET