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: Binance against Bitget+0.081%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1131.134% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.081%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.068% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget GMXUSDT | 8.0390 | 0.0100 | pay 0.0100% / 8h | 3h 33m | $417K | $208K | 50x |
| Short | Binance GMXUSDT | 8.0455 | 0.0100 | get 0.0100% / 8h | 3h 33m | $2.3M | $1.9M | 50x |
Bitget GMXUSDT
Binance GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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: +0.081% → +0.013%
- $6.76
- Slippage, 4 orders
- −$91.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.67
- Costs to cover
- 1.134%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 12 min ago; Binance: live order book, 1 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 Bitget live order book, 12 min ago | 5.59 bp | 37.1 bp −$37 | 124.1 bp −$1,241 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.86 bp | 27.9 bp −$28 | 114.0 bp −$1,140 | 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 | 7.5800 | −5.710% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0262% | 1h | 8.0369 | −0.026% | $33K | $463 | 10x | as long as short |
| BloFin GMX-USDT | +0.0073% | 8h | 8.0470 | +0.100% | $109K | $25K | 50x | as long as short |
| Binance GMXUSDTshort | +0.0100% | 8h | 8.0455 | +0.081% | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0410 | +0.025% | $826K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0340 | −0.062% | $295K | $491K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0380 | −0.012% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0410 | +0.025% | $377K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0150 | −0.299% | $159K | $55K | 30x | as long as short |
| Bitget GMXUSDTlong | +0.0100% | 8h | 8.0390 | long leg | $417K | $208K | 50x |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0430 | +0.050% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0416 | +0.032% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0384 | −0.008% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0488% | 1h | 8.0606 | +0.269% | $76K | $89K | 5x | as long as short |
| Hyperliquid GMX | +0.0613% | 1h | 8.0566 | +0.219% | $894K | $150K | 3x | as long as short |
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX