Funding you earn now, next payment 00:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.086%
Price spread now: OKX against GMX−0.204%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. OKX is 0.204% cheaper against GMX than usual: you would sell low and buy high (spread −0.204% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.2 days of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX S/USD [WBTC.b-USDC] | 0.03927 | L −0.0203% / S +0.0196% | get 0.0025% / 1h | 18m 47s | $1K | — | 100x |
| Short | OKX S-USDT-SWAP | 0.03919 | 0.0100 | get 0.0050% / 4h | 18m 47s | $979K | $4.9M | 20x |
GMX S/USD [WBTC.b-USDC]
OKX S-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $63.67
- Price spread: −0.204% → 0.000%
- −$20.37
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $21.3
- Costs to cover
- 0.220%
- Break-even
- 4.7 days
Slippage unknown: GMX: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago | 1.28 bp | 37.9 bp −$38 | doesn't fit | 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 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 | −0.5824% | 1h | 0.03840 | −2.215% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2127% | 1h | 0.03921 | −0.141% | $33K | $25K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −2.572% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0976% | 4h | 0.03904 | −0.586% | $607K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC]long | L −0.0203% / S +0.0196% | 1h | 0.03927 | long leg | $1K | — | 100x | |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03918 | −0.218% | $4 | — | 15x | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.03927 | 0.000% | $66K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03926 | −0.018% | $605 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0031% | 4h | 0.03923 | −0.102% | $100K | $339K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.405% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
Reya SRUSDPERP
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03924 | −0.076% | $164K | $217K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03919 | −0.199% | $982K | $678K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03930 | +0.075% | $43K | $145K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03919 | −0.204% | $5.4M | $17.2M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03914 | −0.331% | $5.6M | $5.3M | 50x | as long as short |
| OKX S-USDT-SWAPshort | +0.0100% | 4h | 0.03919 | −0.204% | $979K | $4.9M | 20x | |
| Gate S_USDT | +0.0100% | 4h | 0.03918 | −0.229% | $320K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03918 | −0.229% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03921 | −0.153% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03920 | −0.178% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03919 | −0.204% | — | $6.7M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.03920 | −0.178% | $114K | $313K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | −0.433% | $25K | $452K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03918 | −0.242% | $220K | $877K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03916 | −0.280% | $267K | $125K | 75x | as long as short |
Lighter S
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT