Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Binance+0.154%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$930.931% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 3 days (all we have)−0.147%−$15 · spread now +0.154%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.172% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMXUSDT | 8.1345 | 0.0100 | pay 0.0100% / 8h | 7h 38m | $2.3M | $2.0M | 50x |
| Short | BloFin GMX-USDT | 8.1470 | 0.0117 | get 0.0117% / 8h | 7h 38m | $111K | $31K | 50x |
Binance GMXUSDT
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.61
- Price spread: +0.154% → −0.017%
- $17.15
- Slippage, 4 orders
- −$71.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.35
- Costs to cover
- 0.931%
- Break-even
- 147.4 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 16 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, 11 min ago | 1.84 bp | 21.1 bp −$21 | 110.0 bp −$1,100 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 5.53 bp | 23.1 bp −$23 | 63.8 bp −$638 | 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 | 7.6700 | −5.710% | $4K | $5K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0607% | 1h | 8.1430 | +0.105% | $33K | $600 | 10x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.1487 | +0.175% | $932K | $166K | 3x | as long as short |
| Binance GMXUSDTlong | +0.0100% | 8h | 8.1345 | long leg | $2.3M | $2.0M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 8.1360 | +0.019% | $848K | $266K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.1340 | −0.006% | $298K | $548K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.1300 | −0.055% | $205K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.1350 | +0.007% | $403K | $174K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1280 | −0.079% | $184K | $36K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.1220 | −0.153% | $407K | $202K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Hyperliquid GMX
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.1360 | +0.019% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.1412 | +0.083% | $21K | $54K | — | as long as short |
| BloFin GMX-USDTshort | +0.0117% | 8h | 8.1470 | +0.154% | $111K | $31K | 50x | |
| Lighter GMX | +0.0192% | 1h | 8.1720 | +0.461% | $78K | $93K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.1485 | +0.172% | $399K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
Lighter GMX
GMX GMX/USD [GMX-USDC]