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 BingX−0.012%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1741.736% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.012%, 7d avg +0.028%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GMX-USDT | 8.0400 | 0.0100 | pay 0.0100% / 8h | 6h 08m | — | $2.3M | — |
| Short | Bybit GMXUSDT | 8.0390 | 0.0100 | get 0.0100% / 8h | 6h 08m | $839K | $255K | 20x |
BingX GMX-USDT
Bybit GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.012% → +0.028%
- −$4.05
- Slippage, 4 orders
- −$152.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$177.61
- Costs to cover
- 1.736%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 56 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, 10 min ago | 6.20 bp | 28.2 bp −$28 | 59.1 bp −$591 | 379.1 bp −$37.9K | 434.7 bp −$217.3K |
| Sell Bybit live order book, 56 min ago | 6.77 bp | 56.5 bp −$57 | 188.8 bp −$1,888 | doesn't fit | doesn't fit |
GMX on 14 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 | 7.5800 | −5.721% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0547% | 1h | 8.0467 | +0.084% | $33K | $600 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0380 | −0.025% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTshort | +0.0100% | 8h | 8.0390 | −0.012% | $839K | $255K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0310 | −0.112% | $296K | $520K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0500 | +0.124% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0400 | 0.000% | $378K | $181K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0630 | +0.286% | $182K | $31K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0420 | +0.025% | $405K | $205K | 50x | as long as short |
| BingX GMX-USDTlong | +0.0100% | 8h | 8.0400 | long leg | — | $2.3M | — |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0521 | +0.150% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0141% | 1h | 8.0393 | −0.009% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0584% | 1h | 8.0644 | +0.303% | $77K | $92K | 5x | as long as short |
| Hyperliquid GMX | +0.0635% | 1h | 8.0527 | +0.158% | $912K | $149K | 3x | as long as short |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX