S

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1266%/8h= +138.6% APRnext payment +$1.58 per $10,000 · paid last 24h +0.515%

Price spread now: GMX against Coinbase International+1.949%53s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

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 +$38 a day on $10k at the current rate, and GMX is 1.949% dearer against Coinbase International than usual: you sell high and buy low: +$195 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	Coinbase International S-PERP-INTX	0.03946	−0.1464	get 0.0183% / 1h	47m 23s	$49K	$5K	25x
Short	GMX S/USD [WBTC.b-USDC]	0.04023	L −0.0206% / S +0.0198%	pay 0.0025% / 1h	47m 23s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +1.949%Rate

Funding earned: $265.85
Price spread: +1.949% → 0.000%: $194.88
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $438.73
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Coinbase International and 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
01 Exchange SUSD	−0.7168%	1h	0.03850	−2.433%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTXlong	−0.1464%	1h	0.03946	long leg	$49K	$5K	25x
Kraken Futures PF_SUSD	−0.1263%	1h	0.04011	+1.644%	$34K	$23K	10x	as long as short
Variational Omni S	−0.0587%	4h	0.04005	+1.505%	$623K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0206% / S +0.0198%	1h	0.04023	+1.949%	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04020	+1.872%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04022	+1.926%	$620	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.903%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0039%	4h	0.04021	+1.901%	$101K	$330K	10x	as long as short
Lighter S	+0.0096%	1h	0.04024	+1.977%	$166K	$165K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04021	+1.901%	$1.0M	$611K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04022	+1.926%	$44K	$137K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04022	+1.925%	$5.5M	$15.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04019	+1.850%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04018	+1.825%	$1.0M	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04020	+1.875%	$331K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04022	+1.926%	$3.8M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04021	+1.901%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04024	+1.977%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04019	+1.850%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	+1.875%	$26K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04020	+1.887%	$225K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	+1.977%	$272K	$122K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0747%	1h	0.04015	+1.749%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0927%	1h	0.04020	+1.875%	$117K	$334K	5x	as long as short