VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0290%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.081%

Price spread now: gTrade (Gains Network) against GMX+0.033%7-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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.033% dearer against GMX than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VIRTUAL/USD [WBTC.b-USDC]	0.7306	L +0.0300% / S −0.0228%	pay 0.0037% / 1h	55m 07s	$31K	—	100x
Short	gTrade (Gains Network) VIRTUAL/USD	0.7308	L +0.0007% / S −0.0010%	get 0.0001% / 1h	55m 07s	$9K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.033%Rate

Funding earned: −$60.85
Price spread: +0.033% → 0.000%: $3.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$79.56
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

GMX and gTrade (Gains Network): 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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0571%	1h	0.7304	−0.025%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7307	+0.016%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0080%	1h	0.7312	+0.084%	$2K	$131	10x	as long as short
Gate VIRTUAL_USDT	−0.0080%	4h	0.7313	+0.098%	$1.5M	$2.9M	75x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7325	+0.261%	$12K	$40K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USDshort	L +0.0007% / S −0.0010%	1h	0.7308	+0.033%	$9K	—	150x
SoDEX VIRTUAL-USD	+0.0032%	1h	0.7305	−0.014%	$1K	$9K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.585%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0056%	1h	0.7300	−0.084%	$332K	$414K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7304	−0.025%	$14K	$1.5M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7311	+0.072%	$200K	$104K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7324	+0.254%	$72K	$45K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7310	+0.059%	$16.7M	$39.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7312	+0.084%	$16.3M	$16.9M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7319	+0.180%	$2.9M	$9.6M	20x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7312	+0.084%	$18.3M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7314	+0.112%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7322	+0.221%	$6.4M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7317	+0.153%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7316	+0.139%	$248K	$168K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7357	+0.693%	$547K	$892K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7324	+0.243%	$19K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7354	+0.659%	$653K	$915K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7327	+0.289%	$40K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7318	+0.168%	$48K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7304	−0.025%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7301	−0.065%	$55K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7307	+0.018%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0207%	1h	0.7324	+0.248%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]long	L +0.0300% / S −0.0228%	1h	0.7306	long leg	$31K	—	100x
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7310	+0.057%	$814K	$847K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7339	+0.454%	$199K	$94K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0739%	1h	0.7320	+0.190%	$610K	$604K	50x	as long as short