S

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0310%/8h= +33.9% APRnext payment +$0.39 per $10,000 · paid last 24h +0.109%

Price spread now: Extended against GMX−0.306%83s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.306% cheaper against GMX than usual: you would sell low and buy high (spread −0.306% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 3.3 days of funding at the current rate (+$9 a day). The two prices were read 83 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]	0.04505	L −0.0206% / S +0.0198%	get 0.0026% / 1h	17m 52s	$2K	—	100x
Short	Extended S-USD	0.04491	0.0104	get 0.0013% / 1h	17m 52s	$248K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.306%Rate

Funding earned: $65.08
Price spread: −0.306% → 0.000%: −$30.58
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $17.5
Costs to cover: 0.170%
Break-even: 5.1 days

Slippage unknown: GMX: no order-book sample; Extended: live order book, 3 min ago. 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 Extended live order book, 3 min ago	4.43 bp	32.4 bp −$32	249.7 bp −$2,497	doesn't fit	doesn't fit

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	−1.0536%	1h	0.04340	−3.656%	$26K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2112%	1h	0.04491	−0.315%	$39K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1328%	1h	0.04128	−8.362%	$50K	$18K	25x	as long as short
Variational Omni S	−0.0421%	4h	0.04509	+0.086%	$699K	$7K	—	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.04505	long leg	$2K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04492	−0.275%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04501	−0.082%	$76K	$512	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04503	−0.033%	$694	—	150x	as long as short
Orderly PERP_S_USDC	+0.0023%	4h	0.04496	−0.193%	$112K	$649K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−8.984%	$2K	$37K	12x	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	0.04492	−0.282%	$156K	$144K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04496	−0.198%	$1.2M	$837K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04496	−0.193%	$47K	$153K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04493	−0.260%	$6.7M	$19.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04489	−0.349%	$6.4M	$5.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04491	−0.304%	$1.3M	$5.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04492	−0.282%	$378K	$225K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04494	−0.238%	$4.4M	$2.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04489	−0.349%	$2.2M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04500	−0.104%	$1.4M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04494	−0.238%	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04520	+0.340%	$26K	$524K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.04491	−0.306%	$248K	$1.3M	10x
BloFin S-USDT	+0.0340%	4h	0.04508	+0.073%	$329K	$217K	75x	as long as short
Backpack S_USDC_PERP	+0.1240%	1h	0.04510	+0.118%	$107K	$471K	5x	as long as short