Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: OKX against GMX+0.104%7-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 +$3 a day on $10k at the current rate, and OKX is 0.104% dearer against GMX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MEW/USD [WBTC.b-USDC] | 0.0004790 | L 0.0000% / S 0.0000% | get 0.0000% / 1h | 16m 41s | — | — | 100x |
| Short | OKX MEW-USDT-SWAP | 0.0004795 | 0.0100 | get 0.0050% / 4h | 3h 16m | $550K | $876K | 20x |
GMX MEW/USD [WBTC.b-USDC]
OKX MEW-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
- $21
- Price spread: +0.104% → 0.000%
- $10.44
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $9.44
- Costs to cover
- 0.220%
- Break-even
- 3.9 days
Slippage unknown: GMX: no order-book sample; OKX: live order book, 34 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, 34 min ago | 5.22 bp | 38.6 bp −$39 | doesn't fit | 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.
MEW on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEW/USD [WBTC.b-USDC]long | L 0.0000% / S 0.0000% | 1h | 0.0004790 | long leg | — | — | 100x | |
| Injective MEW/USDC PERP | +0.0033% | 1h | 0.0004219 | −11.921% | $46 | $14K | 5.5x | as long as short |
| Binance MEWUSDT | +0.0100% | 4h | 0.0004803 | +0.263% | $1.3M | $3.3M | 50x | as long as short |
| Bybit MEWUSDT | +0.0100% | 4h | 0.0004799 | +0.188% | $1.5M | $1.4M | 25x | as long as short |
| OKX MEW-USDT-SWAPshort | +0.0100% | 4h | 0.0004795 | +0.104% | $550K | $876K | 20x | |
| Gate MEW_USDT | +0.0100% | 4h | 0.0004793 | +0.063% | $143K | $135K | 50x | as long as short |
| MEXC MEW_USDT | +0.0100% | 4h | 0.0004802 | +0.251% | $388K | $179K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.0100% | 4h | 0.0004786 | −0.084% | $332K | $127K | 30x | as long as short |
| Bitget MEWUSDT | +0.0100% | 4h | 0.0004799 | +0.188% | $511K | $487K | 50x | as long as short |
| BingX MEW-USDT | +0.0100% | 4h | 0.0004800 | +0.209% | — | $6.7M | — | as long as short |
Injective MEW/USDC PERP
Binance MEWUSDT
Bybit MEWUSDT
Gate MEW_USDT
MEXC MEW_USDT
KuCoin MEWUSDTM
Bitget MEWUSDT
BingX MEW-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MEW | +0.0100% | 4h | 0.0004800 | +0.212% | $85K | $35K | — | as long as short |
| Kraken Futures PF_MEWUSD | +0.0882% | 1h | 0.0004806 | +0.331% | $90K | $123K | 10x | as long as short |
Variational Omni MEW
Kraken Futures PF_MEWUSD