Funding you earn now, next payment 23:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.034%
Price spread now: GMX against ApeX Omni+0.420%7-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 +$4 a day on $10k at the current rate, and GMX is 0.420% dearer against ApeX Omni than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni VIRTUALUSDT | 0.7149 | 0.0100 | pay 0.0013% / 1h | 26m 31s | $40K | $245K | 50x |
| Short | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7179 | L +0.0298% / S −0.0228% | get 0.0029% / 1h | 26m 31s | $30K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. 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
- $26.92
- Price spread: +0.420% → 0.000%
- $42.05
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $46.97
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: ApeX Omni: live order book, 55 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 ApeX Omni live order book, 55 min ago | 6.95 bp | 14.9 bp −$15 | 105.5 bp −$1,055 | 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.
VIRTUAL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya VIRTUALRUSDPERP | −0.0139% | 1h | 0.7176 | +0.379% | $24 | — | 10x | as long as short |
| Lighter VIRTUAL | −0.0120% | 1h | 0.7165 | +0.229% | $326K | $414K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.0120% | 1h | 0.7172 | +0.322% | $2K | $131 | 10x | as long as short |
| Phoenix VIRTUAL | −0.0045% | 1h | 0.7136 | −0.186% | $11K | $40K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | 0.0000% | 1h | 0.7180 | +0.434% | $15K | $40K | 10x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0004% | 1h | 0.7178 | +0.410% | $12K | — | 150x | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | 0.7117 | −0.448% | $46 | $88K | 5.5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.0092% | 4h | 0.7178 | +0.406% | $14K | $1.5M | 10x | as long as short |
| Hyperliquid VIRTUAL | +0.0100% | 1h | 0.7183 | +0.474% | $8.7M | $3.8M | 5x | as long as short |
| Aster VIRTUALUSDT | +0.0100% | 4h | 0.7172 | +0.328% | $195K | $84K | 20x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica VIRTUAL | +0.0100% | 1h | 0.7173 | +0.336% | $72K | $44K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.0100% | 4h | 0.7174 | +0.354% | $16.3M | $37.6M | 75x | as long as short |
| Bybit VIRTUALUSDT | +0.0100% | 4h | 0.7171 | +0.308% | $15.5M | $15.8M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.0100% | 4h | 0.7164 | +0.210% | $2.8M | $9.1M | 20x | as long as short |
| Gate VIRTUAL_USDT | +0.0100% | 4h | 0.7173 | +0.336% | $1.5M | $2.9M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.0100% | 4h | 0.7166 | +0.238% | $17.2M | $4.2M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | +0.0100% | 4h | 0.7171 | +0.308% | $4.3M | $4.2M | 50x | as long as short |
| Bitget VIRTUALUSDT | +0.0100% | 4h | 0.7170 | +0.294% | $6.1M | $5.3M | 25x | as long as short |
| BingX VIRTUAL-USDT | +0.0100% | 4h | 0.7170 | +0.294% | — | $8.1M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.0100% | 1h | 0.7182 | +0.462% | $239K | $159K | 10x | as long as short |
| Variational Omni VIRTUAL | +0.0100% | 4h | 0.7139 | −0.138% | $521K | $877K | — | as long as short |
| edgeX VIRTUALUSDC | +0.0100% | 4h | 0.7146 | −0.036% | $19K | $256K | 10x | as long as short |
| GRVT VIRTUAL_USDT_Perp | +0.0100% | 4h | 0.7162 | +0.180% | $634K | $918K | 10x | as long as short |
| ApeX Omni VIRTUALUSDTlong | +0.0100% | 1h | 0.7149 | long leg | $40K | $245K | 50x | |
| Polymarket Perps VIRTUAL-USD | +0.0100% | 1h | 0.7180 | +0.434% | $31K | $869K | 5x | as long as short |
| SunX VIRTUAL-USDT | +0.0100% | 4h | 0.7177 | +0.392% | $2K | $1.3M | 20x | as long as short |
| SoDEX VIRTUAL-USD | +0.0100% | 1h | 0.7177 | +0.389% | $1K | $9K | 5x | as long as short |
| Extended VIRTUAL-USD | +0.0104% | 1h | 0.7166 | +0.234% | $53K | $246K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.0104% | 1h | 0.7179 | +0.422% | $18K | $505 | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC]short | L +0.0298% / S −0.0228% | 1h | 0.7179 | +0.420% | $30K | — | 100x | |
| BloFin VIRTUAL-USDT | +0.0340% | 4h | 0.7177 | +0.392% | $811K | $792K | 75x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | +0.0472% | 1h | 0.7167 | +0.252% | $195K | $95K | 50x | as long as short |
| Kraken Futures PF_VIRTUALUSD | +0.0510% | 1h | 0.7192 | +0.607% | $584K | $597K | 50x | as long as short |
ApeX Omni VIRTUALUSDT
GMX VIRTUAL/USD [WBTC.b-USDC]
Lighter VIRTUAL
01 Exchange VIRTUALUSD
Phoenix VIRTUAL
Deribit VIRTUAL_USDC-PERPETUAL
gTrade (Gains Network) VIRTUAL/USD
Injective VIRTUAL/USDC PERP
Hyperliquid VIRTUAL
Aster VIRTUALUSDT
Pacifica VIRTUAL
Binance VIRTUALUSDT
Bybit VIRTUALUSDT
OKX VIRTUAL-USDT-SWAP
Gate VIRTUAL_USDT
MEXC VIRTUAL_USDT
KuCoin VIRTUALUSDTM
Bitget VIRTUALUSDT
BingX VIRTUAL-USDT
Backpack VIRTUAL_USDC_PERP
Variational Omni VIRTUAL
edgeX VIRTUALUSDC
GRVT VIRTUAL_USDT_Perp
Polymarket Perps VIRTUAL-USD
SunX VIRTUAL-USDT
SoDEX VIRTUAL-USD
Extended VIRTUAL-USD
BloFin VIRTUAL-USDT
Coinbase International VIRTUAL-PERP-INTX
Kraken Futures PF_VIRTUALUSD