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: Bybit against Binance−0.037%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1711.709% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.037%, 7d avg −0.022%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMXUSDT | 8.0820 | 0.0100 | pay 0.0100% / 8h | 5h 17m | $2.3M | $1.9M | 50x |
| Short | Bybit GMXUSDT | 8.0790 | 0.0100 | get 0.0100% / 8h | 5h 17m | $839K | $245K | 20x |
Binance GMXUSDT
Bybit GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.037% → −0.022%
- −$1.46
- Slippage, 4 orders
- −$149.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$172.4
- Costs to cover
- 1.709%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 42 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, 2 min ago | 2.47 bp | 21.2 bp −$21 | 102.3 bp −$1,023 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 42 min ago | 6.84 bp | 59.6 bp −$60 | 245.1 bp −$2,451 | 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 | 7.6100 | −5.840% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDTlong | +0.0100% | 8h | 8.0820 | long leg | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDTshort | +0.0100% | 8h | 8.0790 | −0.037% | $839K | $245K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0800 | −0.024% | $298K | $503K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0640 | −0.222% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0820 | 0.000% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | −0.148% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0710 | −0.136% | $419K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0780 | −0.049% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0849 | +0.037% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDT | +0.0105% | 8h | 8.0860 | +0.050% | $109K | $26K | 50x | as long as short |
| Hyperliquid GMX | +0.0169% | 1h | 8.0896 | +0.094% | $903K | $154K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0304% | 1h | 8.0743 | −0.095% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0690 | −0.161% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0528% | 1h | 8.0950 | +0.161% | $77K | $90K | 5x | as long as short |
BloFin GMX-USDT
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX