Funding you earn now, next payment 01:00 UTC−0.0440%/8h= −48.1% APRpaid last 24h −0.121%
Price spread now: HTX against GMX+0.062%7-day average +0.136% · 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)−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+0.337%+$34 · spread now +0.062%, 7d avg +0.136%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.074% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.136%). 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 -11.9% 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] | 0.9897 | L +0.0540% / S −0.0538% | pay 0.0067% / 1h | 24m 54s | $197K | — | 100x |
| Short | HTX FIL-USDT | 0.9903 | 0.0100 | get 0.0100% / 8h | 7h 24m | $631K | $5.6M | 75x |
GMX FIL/USD [WBTC.b-USDC]
HTX FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$92.32
- Price spread: +0.062% → +0.136%
- −$7.45
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$123.77
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; HTX: 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 HTX live order book, 4 min ago | 3.54 bp | 22.0 bp −$22 | 60.6 bp −$606 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0331% | 1h | 0.9900 | +0.030% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9894 | −0.029% | $316K | $1.8M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0255% | 1h | 0.9899 | +0.021% | $170K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0042% | 8h | 0.9900 | +0.032% | $18.0M | $97.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0038% | 8h | 0.9898 | +0.011% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9896 | −0.009% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9890 | −0.072% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0029% | 8h | 0.9900 | +0.034% | $57.1M | $177.5M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9899 | +0.017% | $691K | $3.6M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.423% | $2K | $240K | 12x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0063% | 8h | 0.9899 | +0.021% | $245K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0067% | 8h | 0.9898 | +0.011% | $10.9M | $21.3M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9893 | −0.042% | $157K | $347K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9898 | +0.006% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9901 | +0.041% | $504K | $553K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9903 | +0.062% | $15.4M | $18.1M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9899 | +0.021% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9899 | +0.021% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9880 | −0.172% | $445K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9864 | −0.328% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9864 | −0.335% | $291K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.272% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9902 | +0.052% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.070% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9893 | −0.039% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDTshort | +0.0100% | 8h | 0.9903 | +0.062% | $631K | $5.6M | 75x | |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | −0.070% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0117% | 8h | 0.9895 | −0.019% | $2.7M | $586K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0540% / S −0.0538% | 1h | 0.9897 | long leg | $197K | — | 100x |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
Phemex FILUSDT
BloFin FIL-USDT