Funding you earn now, next payment 03:00 UTC+0.1189%/8h= +130.2% APRpaid last 24h +0.505%
Price spread now: GMX against Bybit+0.149%51s7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and GMX is 0.149% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | Bybit TIAUSDT | 0.4445 | 0.0007 | pay 0.0003% / 4h | 1h 30m | $9.6M | $13.3M | 50x |
| Short | GMX TIA/USD [ETH-USDC] | 0.4452 | L +0.0496% / S −0.1196% | get 0.0149% / 1h | 30m 29s | $41K | — | 100x |
Bybit TIAUSDT
GMX TIA/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bybit. 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
- $249.71
- Price spread: +0.149% → 0.000%
- $14.92
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $241.63
- Costs to cover
- 0.230%
- Break-even
- 0.2 days
Slippage unknown: Bybit: live order book, 3 min ago; 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 Bybit live order book, 3 min ago | 1.13 bp | 12.4 bp −$12 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4453 | +0.180% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4452 | +0.151% | $1K | — | 150x | as long as short |
| Bybit TIAUSDTlong | +0.0007% | 4h | 0.4445 | long leg | $9.6M | $13.3M | 50x | |
| KuCoin TIAUSDTM | +0.0020% | 4h | 0.4447 | +0.045% | $4.3M | $9.0M | 50x | as long as short |
| ApeX Omni TIAUSDT | +0.0061% | 1h | 0.4437 | −0.180% | $50K | $231K | 50x | as long as short |
| Variational Omni TIA | +0.0061% | 4h | 0.4448 | +0.058% | $104K | $85K | — | as long as short |
| OKX TIA-USDT-SWAP | +0.0072% | 4h | 0.4447 | +0.045% | $2.8M | $6.2M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0074% | 1h | 0.4454 | +0.198% | $364K | $205K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4454 | +0.196% | $157K | $415K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4454 | +0.209% | $4.8M | $1.6M | 5x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
KuCoin TIAUSDTM
ApeX Omni TIAUSDT
Variational Omni TIA
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
Lighter TIA
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4451 | +0.145% | $33K | $246K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4447 | +0.046% | $14.6M | $42.7M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4450 | +0.112% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4447 | +0.045% | $12.3M | $6.5M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4446 | +0.022% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4445 | 0.000% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4453 | +0.187% | $103K | $154K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4451 | +0.135% | $5K | $317K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4451 | +0.135% | $59K | $74K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4442 | −0.062% | $56K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4452 | +0.149% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4445 | −0.005% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0232% | 1h | 0.4451 | +0.136% | $53K | $199 | 10x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4450 | +0.112% | $1.5M | $721K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0376% | 1h | 0.4460 | +0.337% | $52K | $77K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC]short | L +0.0496% / S −0.1196% | 1h | 0.4452 | +0.149% | $41K | — | 100x | |
| Injective TIA/USDC PERP | +0.0496% | 1h | 0.4441 | −0.090% | $26K | $10K | 12x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Orderly PERP_TIA_USDC
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP