Funding you earn now, next payment 01:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.125%
Price spread now: BloFin against GMX−0.059%7-day average −0.021% · 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)−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.059%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 0.038% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.104% in total (about -12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9842 | L +0.0538% / S −0.0538% | pay 0.0067% / 1h | 51m 16s | $196K | — | 100x |
| Short | BloFin FIL-USDT | 0.9836 | 0.0118 | get 0.0118% / 8h | 7h 51m | $2.7M | $568K | 75x |
GMX FIL/USD [WBTC.b-USDC]
BloFin FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$88.19
- Price spread: −0.059% → −0.021%
- −$3.81
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$116
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago | 1.52 bp | 14.3 bp −$14 | 21.3 bp −$213 | 39.6 bp −$3,957 | 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 | −0.0866% | 1h | 0.9844 | +0.023% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0333% | 1h | 0.9842 | −0.001% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9841 | −0.008% | $316K | $1.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0037% | 8h | 0.9840 | −0.018% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0029% | 8h | 0.9831 | −0.110% | $18.0M | $98.6M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9844 | +0.024% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9839 | −0.031% | $57K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9836 | −0.060% | $56.9M | $179.3M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9836 | −0.061% | $692K | $2.5M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | +0.134% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FILUSDT | +0.0051% | 8h | 0.9830 | −0.120% | $10.8M | $21.6M | 75x | as long as short |
| MEXC FIL_USDC | +0.0053% | 8h | 0.9834 | −0.079% | $247K | $103K | 50x | as long as short |
| BingX FIL-USDT | +0.0061% | 8h | 0.9834 | −0.079% | — | $11.9M | — | as long as short |
| Bybit FILUSDT | +0.0077% | 8h | 0.9835 | −0.069% | $15.3M | $18.4M | 25x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9833 | −0.089% | $158K | $345K | 5x | as long as short |
| Gate FIL_USDT | +0.0099% | 8h | 0.9839 | −0.028% | $8.2M | $16.0M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9838 | −0.040% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9835 | −0.068% | $492K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9836 | −0.059% | $440K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9842 | 0.000% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9844 | +0.026% | $287K | $816K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9850 | +0.084% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9845 | +0.033% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9830 | −0.120% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9837 | −0.049% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9840 | −0.018% | $622K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | −0.018% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDTshort | +0.0118% | 8h | 0.9836 | −0.059% | $2.7M | $568K | 75x | |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0538% / S −0.0538% | 1h | 0.9842 | long leg | $196K | — | 100x |
Bitget FILUSDT
MEXC FIL_USDC
BingX FIL-USDT
Bybit FILUSDT
Lighter FIL
Gate FIL_USDT
Hyperliquid FIL
Aster 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