Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.125%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.125%, 7d avg −0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.111% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMXUSDT | 7.9780 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $2.3M | $1.9M | 50x |
| Short | Bitget GMXUSDT | 7.9680 | 0.0100 | get 0.0100% / 8h | 2h 39m | $413K | $208K | 50x |
Binance GMXUSDT
Bitget GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $0
- Price spread: −0.125% → −0.014%
- −$11.11
- Slippage, 4 orders
- −$98.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$131.31
- Costs to cover
- 1.202%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 1 min ago.
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 Binance live order book, 10 min ago | 3.11 bp | 23.6 bp −$24 | 104.5 bp −$1,045 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.76 bp | 27.3 bp −$27 | 130.4 bp −$1,304 | doesn't fit | doesn't fit |
GMX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERP | −0.5000% | 1h | 7.5200 | −5.741% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0045% | 1h | 7.9657 | −0.154% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDTlong | +0.0100% | 8h | 7.9780 | long leg | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9690 | −0.113% | $819K | $248K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9600 | −0.226% | $292K | $487K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9730 | −0.063% | $193K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9740 | −0.050% | $374K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9560 | −0.276% | $158K | $57K | 30x | as long as short |
| Bitget GMXUSDTshort | +0.0100% | 8h | 7.9680 | −0.125% | $413K | $208K | 50x | |
| BingX GMX-USDT | +0.0100% | 8h | 7.9730 | −0.063% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 7.9933 | +0.191% | $21K | $54K | — | as long as short |
| BloFin GMX-USDT | +0.0102% | 8h | 8.0060 | +0.351% | $108K | $25K | 50x | as long as short |
| Lighter GMX | +0.0288% | 1h | 7.9909 | +0.162% | $76K | $89K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 7.9723 | −0.071% | $391K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0419% | 1h | 7.9864 | +0.105% | $887K | $151K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
Lighter GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX