Funding you earn now, next payment 23:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.036%
Price spread now: OKX against GMX−0.589%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 −$5 a day on $10k at the current rate, and OKX is 0.589% cheaper against GMX than usual: you would sell low and buy high (−$59 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 MON/USD [ETH-USDC] | 0.02564 | L +0.0260% / S −0.0598% | pay 0.0033% / 1h | 8m 02s | $8K | — | 50x |
| Short | OKX MON-USDT-SWAP | 0.02549 | 0.0100 | get 0.0050% / 4h | 1h 08m | $4.3M | $5.8M | 50x |
GMX MON/USD [ETH-USDC]
OKX MON-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
- −$33.65
- Price spread: −0.589% → 0.000%
- −$58.89
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$114.54
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; OKX: live order book, 5 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, 5 min ago | 3.90 bp | 20.3 bp −$20 | 71.0 bp −$710 | 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.
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.0067% | 8h | 0.02548 | −0.640% | $21.1M | $11.8M | 50x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02575 | +0.425% | $6K | $109 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02568 | +0.164% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02567 | +0.133% | $142K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02564 | +0.012% | $69K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0021% | 1h | 0.02571 | +0.253% | $2K | $73K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0048% | 1h | 0.02568 | +0.164% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0066% | 4h | 0.02562 | −0.082% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0088% | 8h | 0.02567 | +0.117% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02554 | −0.394% | $848K | $777K | 10x | as long as short |
Bybit MONUSDT
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
01 Exchange MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02570 | +0.232% | $386K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02552 | −0.484% | $34.5M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02555 | −0.370% | $107K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02566 | +0.077% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02568 | +0.164% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02550 | −0.534% | $24.3M | $24.8M | 75x | as long as short |
| OKX MON-USDT-SWAPshort | +0.0100% | 4h | 0.02549 | −0.589% | $4.3M | $5.8M | 50x | |
| Bulk MON-USD | +0.0100% | 1h | 0.02569 | +0.174% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02551 | −0.511% | $987K | $873K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02551 | −0.511% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02551 | −0.527% | $125K | $139K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02564 | −0.017% | $777K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02567 | +0.118% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02570 | +0.230% | $577K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02567 | +0.113% | $68K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02554 | −0.394% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02552 | −0.487% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02564 | −0.023% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0175% | 1h | 0.02563 | −0.050% | $270K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC]long | L +0.0260% / S −0.0598% | 1h | 0.02564 | long leg | $8K | — | 50x | |
| KuCoin MONUSDTM | +0.0290% | 4h | 0.02554 | −0.394% | $3.0M | $699K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02568 | +0.152% | $1.3M | $292K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02560 | −0.160% | $113K | $48K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
KuCoin MONUSDTM
BloFin MON-USDT
Coinbase International MON-PERP-INTX