GMX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against BingX+0.013%51s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.017% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.013%, 7d avg +0.035%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.023% cheaper against BingX than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.035%). If the spread goes back, that is −$2 on $10k: about 5.8 days of funding at the current rate ($0 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GMX-USDT	7.9790	0.0100	pay 0.0100% / 8h	2h 38m	—	$2.3M	—
Short	BloFin GMX-USDT	7.9800	0.0113	get 0.0113% / 8h	2h 38m	$108K	$25K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.013%Rate

Funding earned: $2.75
Price spread: +0.013% → +0.035%: −$2.27
Slippage, 4 orders: −$79.72
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$101.25
Costs to cover: 1.017%
Break-even: 264.9 days

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 33 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, 5 min ago	5.00 bp	27.8 bp −$28	71.2 bp −$712	455.7 bp −$45.6K	518.9 bp −$259.4K
Sell BloFin live order book, 33 min ago	1.25 bp	20.2 bp −$20	61.1 bp −$611	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	−5.753%	$4K	$4K	5.5x	as long as short
Kraken Futures PF_GMXUSD	+0.0045%	1h	7.9657	−0.166%	$33K	$463	10x	as long as short
Binance GMXUSDT	+0.0100%	8h	7.9862	+0.090%	$2.3M	$1.9M	50x	as long as short
Bybit GMXUSDT	+0.0100%	8h	7.9780	−0.013%	$820K	$248K	20x	as long as short
OKX GMX-USDT-SWAP	+0.0100%	8h	7.9800	+0.013%	$292K	$488K	20x	as long as short
Gate GMX_USDT	+0.0100%	8h	7.9720	−0.088%	$193K	$70K	33x	as long as short
MEXC GMX_USDT	+0.0100%	8h	7.9820	+0.038%	$374K	$177K	125x	as long as short
KuCoin GMXUSDTM	+0.0100%	8h	7.9650	−0.175%	$158K	$57K	30x	as long as short
Bitget GMXUSDT	+0.0100%	8h	7.9770	−0.025%	$413K	$208K	50x	as long as short
BingX GMX-USDTlong	+0.0100%	8h	7.9790	long leg	—	$2.3M	—

Show 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	+0.179%	$21K	$54K	—	as long as short
BloFin GMX-USDTshort	+0.0113%	8h	7.9800	+0.013%	$108K	$25K	50x
Lighter GMX	+0.0312%	1h	7.9954	+0.206%	$76K	$89K	5x	as long as short
GMX GMX/USD [GMX-USDC]	L +0.0417% / S −0.0142%	1h	7.9782	−0.011%	$392K	—	100x	as long as short
Hyperliquid GMX	+0.0417%	1h	7.9953	+0.204%	$888K	$151K	3x	as long as short