Funding you earn now, next payment 02:00 UTC−0.0497%/8h= −54.5% APRpaid last 24h −0.141%
Price spread now: Gate against GMX−0.525%7-day average −0.035% · 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)−0.222%−$22 on $10k
+Price spread, last 3 days (all we have)+0.495%+$49 · spread now −0.525%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.490% cheaper against GMX than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 1.0040 | L +0.0575% / S −0.0237% | pay 0.0072% / 1h | 42m 53s | $269K | — | 100x |
| Short | Gate FIL_USDT | 0.9987 | 0.0078 | get 0.0078% / 8h | 6h 42m | $8.3M | $16.1M | 50x |
GMX FIL/USD [WBTC.b-USDC]
Gate FIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$104.43
- Price spread: −0.525% → −0.035%
- −$49.02
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$180.45
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 1.49 bp | 11.6 bp −$12 | 22.4 bp −$224 | 50.8 bp −$5,078 | 85.3 bp −$42.7K |
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 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 | −0.0296% | 1h | 1.0043 | +0.033% | $367K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0033 | −0.068% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0063% | 8h | 0.9980 | −0.594% | $18.5M | $100.3M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0046% | 8h | 1.0005 | −0.345% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0041 | +0.017% | $37K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0034 | −0.055% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0037 | −0.027% | $173K | $23K | 25x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9986 | −0.536% | $699K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0027% | 8h | 0.9979 | −0.604% | $57.9M | $183.1M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.840% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0069% | 8h | 0.9999 | −0.405% | $245K | $104K | 50x | as long as short |
| Gate FIL_USDTshort | +0.0078% | 8h | 0.9987 | −0.525% | $8.3M | $16.1M | 50x | |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | −0.465% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0027 | −0.130% | $159K | $345K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0016 | −0.235% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0012 | −0.279% | $511K | $612K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9982 | −0.575% | $15.9M | $19.1M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9982 | −0.575% | $11.0M | $22.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9979 | −0.604% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0029 | −0.107% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9992 | −0.477% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9960 | −0.799% | $297K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.395% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0043 | +0.032% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0050 | +0.103% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0029 | −0.106% | $490 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0044 | +0.043% | $654K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0030 | −0.096% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0575% / S −0.0237% | 1h | 1.0040 | long leg | $269K | — | 100x |
MEXC FIL_USDC
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
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