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 BingX−0.087%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1211.210% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.087%, 7d avg +0.038%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.125% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GMX-USDT | 8.0780 | 0.0100 | pay 0.0100% / 8h | 5h 19m | — | $2.3M | — |
| Short | Bitget GMXUSDT | 8.0710 | 0.0100 | get 0.0100% / 8h | 5h 19m | $419K | $203K | 50x |
BingX GMX-USDT
Bitget GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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: −0.087% → +0.038%
- −$12.5
- Slippage, 4 orders
- −$98.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$133.48
- Costs to cover
- 1.210%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 36 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 BingX live order book, 4 min ago | 3.72 bp | 20.0 bp −$20 | 53.3 bp −$533 | 378.0 bp −$37.8K | 429.3 bp −$214.6K |
| Sell Bitget live order book, 36 min ago | 8.10 bp | 31.7 bp −$32 | 168.7 bp −$1,687 | 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 | −5.794% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0780 | 0.000% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0790 | +0.012% | $839K | $245K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0800 | +0.025% | $299K | $502K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0670 | −0.136% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0790 | +0.012% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | −0.099% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDTshort | +0.0100% | 8h | 8.0710 | −0.087% | $419K | $203K | 50x | |
| BingX GMX-USDTlong | +0.0100% | 8h | 8.0780 | long leg | — | $2.3M | — | |
| Variational Omni GMX | +0.0100% | 8h | 8.0849 | +0.086% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDT | +0.0124% | 8h | 8.0820 | +0.050% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMX | +0.0175% | 1h | 8.0835 | +0.068% | $902K | $154K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0304% | 1h | 8.0815 | +0.043% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0739 | −0.051% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0552% | 1h | 8.0941 | +0.199% | $77K | $90K | 5x | as long as short |
BloFin GMX-USDT
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX