Funding you earn now, next payment 02:00 UTC+0.0159%/8h= +17.5% APRpaid last 24h +0.333%
Price spread now: GMX against Gate−0.634%7-day average +0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+1.280%+$128 on $10k
+Price spread, last 3 days (all we have)+0.664%+$66 · spread now −0.634%, 7d avg +0.035%
=Funding pays, the price is against you. GMX is 0.668% cheaper against Gate than usual: you would sell low and buy high (spread −0.634% now, against its 7-day average of +0.035%). If the spread goes back, that is −$67 on $10k: about 14 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+1.280% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FIL_USDT | 1.0055 | 0.0078 | pay 0.0078% / 8h | 6h 43m | $8.4M | $16.1M | 50x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9991 | L +0.0573% / S −0.0237% | get 0.0030% / 1h | 43m 24s | $267K | — | 100x |
Gate FIL_USDT
GMX FIL/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Gate. 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
- $33.49
- Price spread: −0.634% → +0.035%
- −$66.84
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$60.35
- Costs to cover
- 0.270%
- Break-even
- 19.6 days
Slippage unknown: Gate: 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 Gate live order book, 5 min ago | 2.00 bp | 17.1 bp −$17 | 27.3 bp −$273 | 46.5 bp −$4,649 | 77.0 bp −$38.5K |
| 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.
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 0.9997 | −0.577% | $375K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0003 | −0.516% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0063% | 8h | 1.0052 | −0.030% | $18.6M | $100.9M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0046% | 8h | 1.0061 | +0.060% | $7.5M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0041 | −0.135% | $37K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0034 | −0.207% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0006 | −0.487% | $172K | $23K | 25x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 1.0041 | −0.137% | $699K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0027% | 8h | 1.0060 | +0.048% | $58.3M | $182.9M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.989% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0069% | 8h | 1.0047 | −0.080% | $246K | $104K | 50x | as long as short |
| Gate FIL_USDTlong | +0.0078% | 8h | 1.0055 | long leg | $8.4M | $16.1M | 50x | |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | −0.617% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0025 | −0.297% | $159K | $345K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0057 | +0.020% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0032 | −0.227% | $512K | $612K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0062 | +0.070% | $16.0M | $19.0M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0053 | −0.020% | $11.1M | $22.1M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0047 | −0.080% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0029 | −0.259% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9992 | −0.629% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9960 | −0.950% | $297K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.547% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9993 | −0.612% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.646% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0000 | −0.547% | $490 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9996 | −0.587% | $650K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.646% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0573% / S −0.0237% | 1h | 0.9991 | −0.634% | $267K | — | 100x |
MEXC FIL_USDC
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT