Funding you earn now, next payment 09:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.099%
Price spread now: GMX against Bitget−0.101%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$9 a day on $10k at the current rate, and GMX is 0.101% cheaper against Bitget than usual: you would sell low and buy high (−$10 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 | Bitget SUSDT | 0.04267 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $1.3M | $2.6M | 50x |
| Short | GMX S/USD [WBTC.b-USDC] | 0.04263 | L −0.0206% / S +0.0198% | pay 0.0025% / 1h | 52m 53s | $1K | — | 100x |
Bitget SUSDT
GMX S/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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
- −$62.59
- Price spread: −0.101% → 0.000%
- −$10.08
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$96.67
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Bitget: 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 Bitget live order book, 4 min ago | 8.13 bp | 21.4 bp −$21 | 107.0 bp −$1,070 | 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.
S on 25 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_SUSD | −0.2656% | 1h | 0.04272 | +0.113% | $35K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1248% | 1h | 0.04238 | −0.680% | $52K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC]short | L −0.0206% / S +0.0198% | 1h | 0.04263 | −0.101% | $1K | — | 100x | |
| Variational Omni S | −0.0116% | 4h | 0.04307 | +0.932% | $667K | $7K | — | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04262 | −0.115% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04293 | +0.618% | $660 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −3.914% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0078% | 4h | 0.04273 | +0.141% | $106K | $616K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04275 | +0.187% | $183K | $99K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04265 | −0.059% | $1.1M | $704K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter S
Hyperliquid SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0100% | 4h | 0.04271 | +0.086% | $46K | $175K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04266 | −0.027% | $6.3M | $16.6M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04257 | −0.234% | $6.2M | $4.8M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04264 | −0.070% | $1.2M | $4.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04264 | −0.070% | $356K | $214K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04271 | +0.094% | $4.4M | $2.2M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04269 | +0.047% | $2.0M | $2.8M | 50x | as long as short |
| Bitget SUSDTlong | +0.0100% | 4h | 0.04267 | long leg | $1.3M | $2.6M | 50x | |
| BingX S-USDT | +0.0100% | 4h | 0.04263 | −0.094% | — | $6.9M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.04270 | +0.070% | $100K | $472K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04290 | +0.539% | $25K | $506K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04269 | +0.039% | $236K | $1.3M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04275 | +0.187% | $317K | $121K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0685% | 1h | 0.04281 | +0.328% | $72K | $10K | 10x | as long as short |
| 01 Exchange SUSD | +0.6584% | 1h | 0.04360 | +2.180% | $27K | $2K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
BingX S-USDT
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
01 Exchange SUSD