Funding you earn now, next payment 07:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h +0.081%
Price spread now: GMX against OKX−0.087%92s7-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
Funding pays, the price is against you. GMX is 0.087% cheaper against OKX than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 30 hours of funding at the current rate (+$7 a day). The two prices were read 92 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 | OKX ICP-USDT-SWAP | 2.9400 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $5.7M | $14.9M | 50x |
| Short | GMX ICP/USD [WBTC.b-USDC] | 2.9374 | L +0.0410% / S −0.0331% | get 0.0041% / 1h | 29m 53s | $29K | — | 100x |
OKX ICP-USDT-SWAP
GMX ICP/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against OKX. 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
- $48.48
- Price spread: −0.087% → 0.000%
- −$8.74
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $17.74
- Costs to cover
- 0.220%
- Break-even
- 4.4 days
Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago | 1.70 bp | 12.2 bp −$12 | 35.5 bp −$355 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0315% | 1h | 2.9421 | +0.072% | $521K | $648K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0090% | 1h | 2.9398 | −0.007% | $191 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0061% | 8h | 2.9400 | 0.000% | $1.8M | $677K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9383 | −0.060% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9383 | −0.057% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0006% | 8h | 2.9340 | −0.205% | $1.0M | $133K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.901% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9409 | +0.031% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9439 | +0.133% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9414 | +0.046% | $261K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
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 | 2.9391 | −0.030% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9398 | −0.007% | $28.7M | $48.5M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9380 | −0.068% | $17.1M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAPlong | +0.0100% | 8h | 2.9400 | long leg | $5.7M | $14.9M | 50x | |
| Gate ICP_USDT | +0.0100% | 8h | 2.9390 | −0.034% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9400 | 0.000% | $18.7M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9390 | −0.034% | $4.8M | $12.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9410 | +0.034% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9390 | −0.034% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9329 | −0.242% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9336 | −0.217% | $561K | $537K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9380 | −0.068% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9350 | −0.170% | $102K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9393 | −0.023% | $22K | $117K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9380 | −0.068% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9490 | +0.306% | $57K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]short | L +0.0410% / S −0.0331% | 1h | 2.9374 | −0.087% | $29K | — | 100x |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
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