Funding you earn now, next payment 03:00 UTC−0.0473%/8h= −51.8% APRpaid last 24h −0.143%
Price spread now: BingX against GMX+0.121%7-day average −0.067% · 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)−0.206%−$21 on $10k
+Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.121%, 7d avg −0.067%
=The price spread pays, funding is against you. BingX is 0.188% dearer against GMX than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.067%): +$19 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 3 days (−0.206% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9976 | L +0.0573% / S −0.0237% | pay 0.0072% / 1h | 54m 55s | $266K | — | 100x |
| Short | BingX FIL-USDC | 0.9988 | 0.0100 | get 0.0100% / 8h | 5h 54m | — | $6.5M | — |
GMX FIL/USD [WBTC.b-USDC]
BingX FIL-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$99.36
- Price spread: +0.121% → −0.067%
- $18.77
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$102.59
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BingX: live order book, 10 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 BingX live order book, 10 min ago | 1.00 bp | 14.8 bp −$15 | 30.5 bp −$305 | 225.4 bp −$22.5K | 621.3 bp −$310.7K |
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 28 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 FIL_USDC-PERPETUAL | −0.0351% | 1h | 0.9979 | +0.031% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0010 | +0.341% | $379K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0128% | 1h | 0.9982 | +0.064% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0059% | 8h | 0.9980 | +0.041% | $18.9M | $98.4M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0037% | 8h | 0.9981 | +0.051% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9976 | −0.001% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9975 | −0.007% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.212% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0048% | 8h | 0.9987 | +0.112% | $57.7M | $177.1M | 75x | as long as short |
| Extended FIL-USD | +0.0048% | 1h | 0.9987 | +0.110% | $702K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0084% | 8h | 0.9983 | +0.071% | $244K | $102K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9981 | +0.055% | $159K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9989 | +0.132% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9989 | +0.134% | $510K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9985 | +0.091% | $15.7M | $19.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9990 | +0.141% | $8.5M | $16.3M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9988 | +0.121% | $11.0M | $20.2M | 75x | as long as short |
| BingX FIL-USDCshort | +0.0100% | 8h | 0.9988 | +0.121% | — | $6.5M | — | |
| Variational Omni FIL | +0.0100% | 8h | 1.0031 | +0.550% | $450K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9967 | −0.086% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9969 | −0.068% | $292K | $863K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | −0.060% | $30K | $185K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9982 | +0.057% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9960 | −0.160% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9977 | +0.011% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9969 | −0.070% | $638K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9970 | −0.060% | $1.1M | $2.4M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0573% / S −0.0237% | 1h | 0.9976 | long leg | $266K | — | 100x |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
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