S

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0707%/8h= +77.5% APRnext payment +$0.88 per $10,000 · paid last 24h +0.076%

Price spread now: Deribit against GMX+0.093%54s7-day average — · you sell dearer than you buy

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

Long on GMX Short on Deribit

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 +$21 a day on $10k at the current rate, and Deribit is 0.093% dearer against GMX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	GMX S/USD [WBTC.b-USDC]	0.03991	L −0.0206% / S +0.0198%	get 0.0026% / 1h	31m 27s	$1K	—	100x
Short	Deribit S_USDC-PERPETUAL	0.03995	0.0501	get 0.0063% / 1h	31m 27s	$67K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now +0.093%Rate

Funding earned: $148.56
Price spread: +0.093% → 0.000%: $9.27
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $138.83
Costs to cover: 0.190%
Break-even: 0.5 days

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

GMX and Deribit: 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	−0.3256%	1h	0.03990	−0.033%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2027%	1h	0.03986	−0.134%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03826	−4.142%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0873%	4h	0.03979	−0.311%	$618K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.03991	long leg	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.03989	−0.067%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03991	+0.003%	$615	—	150x	as long as short
Orderly PERP_S_USDC	+0.0023%	4h	0.03990	−0.033%	$102K	$335K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.723%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03994	+0.068%	$163K	$191K	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	0.03991	−0.020%	$999K	$630K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03991	0.000%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03990	−0.035%	$5.5M	$16.1M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03986	−0.133%	$5.7M	$5.0M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03990	−0.033%	$984K	$4.6M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03986	−0.133%	$326K	$216K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03990	−0.033%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03992	+0.018%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03992	+0.018%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03988	−0.083%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03990	−0.033%	$26K	$446K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03989	−0.047%	$225K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0137%	1h	0.03990	−0.033%	$116K	$320K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03985	−0.158%	$269K	$126K	75x	as long as short
Deribit S_USDC-PERPETUALshort	+0.0501%	1h	0.03995	+0.093%	$67K	$10K	10x