Funding you earn now, next payment 03:00 UTC−0.0509%/8h= −55.7% APRnext payment −$0.64 per $10,000 · paid last 24h −0.213%
Price spread now: Deribit against GMX−0.034%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.034% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ICP/USD [WBTC.b-USDC] | 3.0066 | L +0.0509% / S −0.0480% | pay 0.0064% / 1h | 55m 59s | $37K | — | 100x |
| Short | Deribit ICP_USDC-PERPETUAL | 3.0056 | 0 | get 0.0000% / 1h | 55m 59s | $268 | $464 | 50x |
GMX ICP/USD [WBTC.b-USDC]
Deribit ICP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$106.92
- Price spread: −0.034% → 0.000%
- −$3.44
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$129.36
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
GMX and Deribit: 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 26 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9987 | −0.262% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUALshort | 0.0000% | 1h | 3.0056 | −0.034% | $268 | $464 | 50x | |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0053 | −0.043% | $23K | — | 150x | as long as short |
| Variational Omni ICP | +0.0032% | 8h | 3.0055 | −0.038% | $1.1M | $116K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.335% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0038 | −0.094% | $163K | $482K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 3.0035 | −0.104% | $4.6M | $5.0M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0005 | −0.203% | $286K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0008 | −0.193% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9961 | −0.351% | $29.5M | $53.0M | 75x | as long as short |
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9950 | −0.387% | $17.5M | $18.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9970 | −0.320% | $5.8M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9990 | −0.254% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9990 | −0.254% | $19.1M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9990 | −0.254% | $4.9M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0000 | −0.221% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9950 | −0.387% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9949 | −0.390% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9933 | −0.444% | $581K | $480K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0070 | +0.012% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0040 | −0.088% | $105K | $182K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0020 | −0.154% | $1.8M | $797K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0004 | −0.209% | $22K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0291% | 1h | 3.0084 | +0.058% | $545K | $610K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 3.0010 | −0.187% | $65K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0509% / S −0.0480% | 1h | 3.0066 | long leg | $37K | — | 100x |
Bybit 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
Phemex ICPUSDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX