Funding you earn now, next payment 05:00 UTC+0.0267%/8h= +29.3% APRpaid last 24h +0.095%
Price spread now: GMX against Bybit+0.056%51s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.056% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | Bybit ICPUSDT | 2.9440 | 0.0100 | pay 0.0100% / 8h | 3h 24m | $17.1M | $17.4M | 75x |
| Short | GMX ICP/USD [WBTC.b-USDC] | 2.9456 | L +0.0433% / S −0.0367% | get 0.0046% / 1h | 24m 33s | $31K | — | 100x |
Bybit ICPUSDT
GMX ICP/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bybit. 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
- $56.12
- Price spread: +0.056% → 0.000%
- $5.58
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $38.7
- Costs to cover
- 0.230%
- Break-even
- 2.2 days
Slippage unknown: Bybit: live order book, 4 min ago; GMX: no order-book sample. 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 Bybit live order book, 4 min ago | 3.39 bp | 12.5 bp −$13 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.
ICP on 27 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 ICP_USDC-PERPETUAL | −0.0089% | 1h | 2.9449 | +0.031% | $192 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9484 | +0.149% | $526K | $597K | 50x | as long as short |
| Phemex ICPUSDT | −0.0009% | 8h | 2.9450 | +0.034% | $1.7M | $788K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9459 | +0.066% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9462 | +0.075% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.764% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0081% | 8h | 2.9460 | +0.066% | $1.0M | $134K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9443 | +0.010% | $143K | $491K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9469 | +0.099% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9462 | +0.074% | $260K | $1.5M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9434 | −0.019% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9440 | 0.000% | $28.8M | $48.5M | 75x | as long as short |
| Bybit ICPUSDTlong | +0.0100% | 8h | 2.9440 | long leg | $17.1M | $17.4M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9440 | 0.000% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9450 | +0.034% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9430 | −0.034% | $18.8M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9440 | 0.000% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9460 | +0.068% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9440 | 0.000% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9440 | +0.002% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9464 | +0.082% | $567K | $475K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.068% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9400 | −0.136% | $103K | $116K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9419 | −0.071% | $22K | $132K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9480 | +0.136% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9550 | +0.374% | $66K | $60K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]short | L +0.0433% / S −0.0367% | 1h | 2.9456 | +0.056% | $31K | — | 100x |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX