Funding you earn now, next payment 06:00 UTC−0.0850%/8h= −93.1% APRnext payment −$1.06 per $10,000 · paid last 24h −0.280%
Price spread now: Coinbase International against GMX+0.095%7-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)−0.384%−$38 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.095%, 7d avg +0.052%
=The price spread pays, funding is against you. Coinbase International is 0.043% dearer against GMX than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.052%): +$4 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 3 days (−0.384% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9931 | L +0.0602% / S −0.0280% | pay 0.0075% / 1h | 49m 11s | $266K | — | 100x |
| Short | Coinbase International FIL-PERP-INTX | 0.9940 | −0.0248 | pay 0.0031% / 1h | 49m 11s | $356K | $2.3M | 50x |
GMX FIL/USD [WBTC.b-USDC]
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$178.58
- Price spread: +0.095% → +0.052%
- $4.27
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$196.31
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Coinbase International: 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 Coinbase International live order book, 5 min ago | 5.55 bp | 11.5 bp −$12 | 15.1 bp −$151 | doesn't fit | 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 | −0.0253% | 1h | 0.9934 | +0.035% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0248% | 1h | 0.9940 | +0.095% | $356K | $2.3M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9932 | +0.015% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9938 | +0.078% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.761% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0048% | 8h | 0.9934 | +0.035% | $18.0M | $109.8M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0064% | 8h | 0.9927 | −0.036% | $7.1M | $8.0M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9927 | −0.034% | $148K | $355K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9931 | +0.002% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9933 | +0.029% | $507K | $607K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
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 | 0.9928 | −0.023% | $56.0M | $188.0M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9933 | +0.025% | $15.6M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9928 | −0.026% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9926 | −0.046% | $234K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9935 | +0.045% | $11.4M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9935 | +0.045% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9919 | −0.118% | $442K | $272K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9912 | −0.189% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9920 | −0.107% | $291K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | −0.106% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9939 | +0.084% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.106% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9929 | −0.016% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9945 | +0.146% | $617K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | −0.106% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9926 | −0.048% | $697K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9932 | +0.015% | $2.7M | $690K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0246% | 1h | 0.9934 | +0.032% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0602% / S −0.0280% | 1h | 0.9931 | long leg | $266K | — | 100x |
Binance FILUSDT
Bybit FILUSDT
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
BloFin FIL-USDT
Kraken Futures PF_FILUSD