Spread before costs (cost unknown: a leg has no order-book sample)−0.059%
7d average—if it closes, per $10,000$6funding while held, a day−$18.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit S_USDC-PERPETUAL | 0.03912 | 0.0262 | pay 0.0033% / 1h | 3m 53s | $66K | $11K | 10x |
| Short | GMX S/USD [WBTC.b-USDC] | 0.03910 | L −0.0372% / S +0.0344% | pay 0.0043% / 1h | 3m 53s | $1K | — | 100x |
Deribit S_USDC-PERPETUAL
GMX S/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$5.88
- Funding while held
- −$18.18
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$43.06
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0606%
- Per $10,000 a day
- −$18.18
- Average in range /8h
- —
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 Deribit no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Deribit 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 price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange0.03780cheapestCoinbase International0.03811+0.820%Bybit0.03898+3.122%KuCoin0.03899+3.148%Reya0.03900+3.187%OKX0.03901+3.201%Gate0.03901+3.201%BingX0.03902+3.228%Extended0.03902+3.231%Kraken Futures0.03903+3.250%Bitget0.03903+3.254%MEXC0.03905+3.307%Binance0.03905+3.316%Orderly0.03906+3.333%Lighter0.03907+3.360%Hyperliquid0.03907+3.373%Aster0.03909+3.404%gTrade (Gains Network)0.03909+3.416%Variational Omni0.03909+3.421%
Coinbase International
Bybit
KuCoin
Reya
OKX
Gate
BingX
Extended
Kraken Futures
Bitget
MEXC
Binance
Orderly
Lighter
Hyperliquid
Aster
gTrade (Gains Network)
Variational OmniGMX0.03910+3.431%
Backpack0.03910+3.439%ApeX Omni0.03910+3.439%
Backpack
ApeX OmniDeribit0.03912+3.492%
BloFin0.03913+3.519%Injective0.04100+8.466%
BloFin
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −3.374% | −1.1232% | 1h | $23K | $3K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −2.582% | −0.2432% | 1h | $47K | $11K | 25x | as long as short |
| Bybit SUSDT | −0.358% | +0.0100% | 4h | $5.6M | $9.5M | 50x | as long as short |
| KuCoin SUSDTM | −0.332% | +0.0100% | 4h | $1.8M | $3.9M | 50x | as long as short |
| Reya SRUSDPERP | −0.294% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| OKX S-USDT-SWAP | −0.281% | +0.0100% | 4h | $998K | $12.5M | 20x | as long as short |
| Gate S_USDT | −0.281% | +0.0100% | 4h | $325K | $411K | 50x | as long as short |
| BingX S-USDT | −0.256% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Extended S-USD | −0.253% | +0.0104% | 1h | $220K | $944K | 10x | as long as short |
| Kraken Futures PF_SUSD | −0.234% | −0.2449% | 1h | $33K | $48K | 10x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget SUSDT | −0.230% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| MEXC S_USDT | −0.179% | +0.0100% | 4h | $3.6M | $3.5M | 200x | as long as short |
| Binance SUSDT | −0.170% | +0.0100% | 4h | $5.3M | $40.5M | 75x | as long as short |
| Orderly PERP_S_USDC | −0.153% | −0.0186% | 4h | $103K | $331K | 10x | as long as short |
| Lighter S | −0.128% | +0.0096% | 1h | $164K | $341K | 5x | as long as short |
| Hyperliquid S | −0.115% | +0.0100% | 1h | $1.0M | $1.5M | 5x | as long as short |
| Aster SUSDT | −0.085% | −0.0117% | 4h | $45K | $263K | 10x | as long as short |
| gTrade (Gains Network) S/USD | −0.073% | L +0.0001% / S +0.0006% | 1h | $602 | — | 150x | as long as short |
| Variational Omni S | −0.068% | −0.0978% | 4h | $606K | $122K | — | as long as short |
| GMX S/USD [WBTC.b-USDC]short | −0.059% | L −0.0372% / S +0.0344% | 1h | $1K | — | 100x | |
| Backpack S_USDC_PERP | −0.051% | +0.0100% | 1h | $114K | $219K | 5x | as long as short |
| ApeX Omni SUSDT | −0.051% | +0.0100% | 1h | $24K | $503K | 50x | as long as short |
| Deribit S_USDC-PERPETUALlong | 0.000% | +0.0262% | 1h | $66K | $11K | 10x | |
| BloFin S-USDT | +0.026% | +0.0340% | 4h | $285K | $265K | 75x | as long as short |
| Injective S/USDC PERP | +4.806% | +0.0033% | 1h | $2K | $161K | 12x | as long as short |