Funding you earn now, next payment 04:00 UTC−0.0475%/8h= −52.0% APRpaid last 24h −0.146%
Price spread now: Bitget against GMX−0.187%7-day average −0.062% · 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)−0.224%−$22 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.187%, 7d avg −0.062%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.125% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.062%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 1.0019 | L +0.0575% / S −0.0237% | pay 0.0072% / 1h | 23m 47s | $267K | — | 100x |
| Short | Bitget FILUSDT | 1.0000 | 0.0100 | get 0.0100% / 8h | 4h 23m | $11.2M | $20.3M | 75x |
GMX FIL/USD [WBTC.b-USDC]
Bitget FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$99.75
- Price spread: −0.187% → −0.062%
- −$12.53
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$136.29
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bitget: 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 Bitget live order book, 5 min ago | 1.00 bp | 13.2 bp −$13 | 19.9 bp −$199 | 42.1 bp −$4,213 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0348% | 1h | 1.0021 | +0.022% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 1.0015 | −0.038% | $369K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0056% | 8h | 1.0003 | −0.157% | $18.5M | $105.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0012% | 8h | 1.0009 | −0.097% | $7.3M | $7.5M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0019 | +0.006% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0027 | +0.079% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.635% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0019 | 0.000% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0010 | −0.091% | $155K | $362K | 5x | as long as short |
| Extended FIL-USD | +0.0096% | 1h | 1.0002 | −0.170% | $711K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0099% | 8h | 1.0004 | −0.147% | $243K | $104K | 50x | as long as short |
| Binance FILUSDT | +0.0099% | 8h | 1.0004 | −0.147% | $57.4M | $183.2M | 75x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0016 | −0.028% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0019 | +0.003% | $514K | $603K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0003 | −0.157% | $15.8M | $20.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0006 | −0.127% | $8.4M | $16.7M | 50x | as long as short |
| Bitget FILUSDTshort | +0.0100% | 8h | 1.0000 | −0.187% | $11.2M | $20.3M | 75x | |
| BingX FIL-USDC | +0.0100% | 8h | 1.0007 | −0.117% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0001 | −0.181% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0000 | −0.192% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.225% | $292K | $964K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.187% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0027 | +0.081% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0010 | −0.087% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0013 | −0.057% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0029 | +0.102% | $629K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0010 | −0.087% | $1.2M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0217% | 8h | 1.0011 | −0.077% | $2.7M | $662K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0575% / S −0.0237% | 1h | 1.0019 | long leg | $267K | — | 100x |
MEXC FIL_USDC
Binance FILUSDT
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDC
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
BloFin FIL-USDT