Funding you earn now, next payment 01:00 UTC−0.0611%/8h= −67.0% APRpaid last 24h −0.177%
Price spread now: OKX against GMX−0.172%7-day average −0.075% · 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)−0.242%−$24 on $10k
+Price spread, last 3 days (all we have)+0.104%+$10 · spread now −0.172%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and OKX is 0.097% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9944 | L +0.0570% / S −0.0639% | pay 0.0071% / 1h | 1m 13s | $198K | — | 100x |
| Short | OKX FIL-USDT-SWAP | 0.9927 | −0.0041 | pay 0.0041% / 8h | 7h 01m | $18.3M | $97.8M | 50x |
GMX FIL/USD [WBTC.b-USDC]
OKX FIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$128.41
- Price spread: −0.172% → −0.075%
- −$9.68
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$160.09
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.50 bp | 9.9 bp −$10 | 18.7 bp −$187 | 98.4 bp −$9,842 | 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 | −0.0555% | 1h | 0.9936 | −0.081% | $171K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0330% | 1h | 0.9928 | −0.164% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9917 | −0.272% | $339K | $1.9M | 50x | as long as short |
| OKX FIL-USDT-SWAPshort | −0.0041% | 8h | 0.9927 | −0.172% | $18.3M | $97.8M | 50x | |
| KuCoin FILUSDTM | −0.0041% | 8h | 0.9946 | +0.020% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9934 | −0.104% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9955 | +0.108% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9930 | −0.143% | $696K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0027% | 8h | 0.9924 | −0.202% | $57.4M | $179.4M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.896% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FIL_USDT | +0.0067% | 8h | 0.9943 | −0.011% | $8.1M | $16.4M | 50x | as long as short |
| MEXC FIL_USDC | +0.0067% | 8h | 0.9947 | +0.030% | $246K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0081% | 8h | 0.9921 | −0.232% | $11.0M | $21.6M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9923 | −0.213% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9947 | +0.027% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9954 | +0.096% | $509K | $590K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9929 | −0.151% | $15.5M | $18.5M | 25x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9929 | −0.151% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9938 | −0.063% | $447K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9949 | +0.049% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9971 | +0.269% | $297K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | +0.060% | $30K | $194K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9943 | −0.010% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.242% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9925 | −0.192% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9939 | −0.051% | $628K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | −0.141% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0108% | 8h | 0.9928 | −0.162% | $2.7M | $606K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0570% / S −0.0639% | 1h | 0.9944 | long leg | $198K | — | 100x |
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit 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
BloFin FIL-USDT