S

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.069%

Price spread now: GMX against gTrade (Gains Network)+0.055%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on GMX

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. GMX is 0.055% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) S/USD	0.04535	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	5m 30s	$699	—	150x
Short	GMX S/USD [WBTC.b-USDC]	0.04538	L −0.0336% / S +0.0211%	pay 0.0026% / 1h	5m 30s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$44.45
Price spread: +0.055% → 0.000%: $5.47
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$60.98
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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 exchanges

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	−1.0656%	1h	0.04440	−2.102%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.4640%	1h	0.04523	−0.277%	$38K	$28K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1904%	1h	0.04510	−0.558%	$55K	$23K	25x	as long as short
Variational Omni S	−0.1258%	4h	0.04524	−0.254%	$724K	$50K	—	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0336% / S +0.0211%	1h	0.04538	+0.055%	$2K	—	100x
Orderly PERP_S_USDC	−0.0116%	4h	0.04529	−0.139%	$112K	$637K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04530	−0.116%	$5	—	15x	as long as short
OKX S-USDT-SWAP	−0.0045%	4h	0.04534	−0.029%	$1.4M	$7.6M	20x	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.04535	long leg	$699	—	150x
Bybit SUSDT	+0.0036%	4h	0.04531	−0.095%	$6.5M	$6.7M	50x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.04538	+0.059%	$158K	$158K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04539	+0.075%	$1.1M	$1.0M	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04539	+0.081%	$48K	$171K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04539	+0.080%	$7.0M	$25.9M	75x	as long as short
Gate S_USDT	+0.0100%	4h	0.04537	+0.037%	$384K	$388K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04536	+0.015%	$4.0M	$3.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04539	+0.081%	$2.2M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04535	−0.007%	$1.4M	$3.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04540	+0.103%	—	$7.1M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04540	+0.103%	$24K	$532K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04540	+0.099%	$258K	$1.3M	10x	as long as short
Injective S/USDC PERP	+0.0140%	1h	0.04600	+1.426%	$2K	$2	12x	as long as short
Backpack S_USDC_PERP	+0.0163%	1h	0.04540	+0.103%	$103K	$458K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04540	+0.103%	$366K	$240K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0412%	1h	0.04536	+0.015%	$76K	$623	10x	as long as short