Funding you earn now, next payment 08:00 UTC−0.0510%/8h= −55.8% APRpaid last 24h −0.166%
Price spread now: Bybit against GMX+0.235%61s7-day average −0.052% · 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)−0.281%−$28 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.235%, 7d avg −0.052%
=The price spread pays, funding is against you. Bybit is 0.288% dearer against GMX than usual: you sell high and buy low (spread +0.235% now, against its 7-day average of −0.052%): +$29 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 45 hours. The two prices were read 61 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 FIL/USD [WBTC.b-USDC] | 0.9877 | L +0.0600% / S −0.0280% | pay 0.0075% / 1h | 19m 21s | $264K | — | 100x |
| Short | Bybit FILUSDT | 0.9900 | 0.0091 | get 0.0091% / 8h | 19m 21s | $15.4M | $20.4M | 25x |
GMX FIL/USD [WBTC.b-USDC]
Bybit FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$107
- Price spread: +0.235% → −0.052%
- $28.76
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$101.24
- Costs to cover
- 0.230%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.51 bp | 10.3 bp −$10 | 31.3 bp −$313 | 175.7 bp −$17.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0176% | 1h | 0.9880 | +0.033% | $353K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0053% | 1h | 0.9911 | +0.346% | $171K | $23K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9904 | +0.278% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9885 | +0.085% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.221% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0081% | 8h | 0.9903 | +0.265% | $7.1M | $7.8M | 50x | as long as short |
| Bybit FILUSDTshort | +0.0091% | 8h | 0.9900 | +0.235% | $15.4M | $20.4M | 25x | |
| Lighter FIL | +0.0096% | 1h | 0.9899 | +0.229% | $144K | $359K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9905 | +0.286% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9907 | +0.306% | $505K | $557K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9905 | +0.286% | $55.9M | $183.9M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9900 | +0.235% | $17.6M | $107.7M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9900 | +0.235% | $8.2M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9901 | +0.245% | $229K | $100K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9900 | +0.235% | $11.0M | $19.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9902 | +0.255% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9853 | −0.243% | $439K | $281K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9858 | −0.187% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9857 | −0.205% | $285K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.069% | $27K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9914 | +0.374% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | +0.235% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9902 | +0.255% | $479 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9912 | +0.357% | $617K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | +0.235% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9900 | +0.232% | $694K | $4.2M | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.0197% | 1h | 0.9906 | +0.293% | $1.4M | $2.1M | 50x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9903 | +0.265% | $2.6M | $670K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0600% / S −0.0280% | 1h | 0.9877 | long leg | $264K | — | 100x |
Binance FILUSDT
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
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
Extended FIL-USD
Kraken Futures PF_FILUSD
BloFin FIL-USDT