Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Bitget+0.261%95s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as 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−$1091.088% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.235%−$23 · spread now +0.261%, 7d avg −0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.267% dearer against Bitget than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 95 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 | Bitget GMXUSDT | 8.0610 | 0.0100 | pay 0.0100% / 8h | 5h 15m | $419K | $203K | 50x |
| Short | BloFin GMX-USDT | 8.0820 | 0.0099 | get 0.0099% / 8h | 5h 15m | $109K | $26K | 50x |
Bitget GMXUSDT
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$0.19
- Price spread: +0.261% → −0.007%
- $26.71
- Slippage, 4 orders
- −$84.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$82.27
- Costs to cover
- 1.088%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 40 min ago; BloFin: live order book, 15 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, 40 min ago | 8.10 bp | 33.8 bp −$34 | 193.8 bp −$1,938 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 6.19 bp | 27.5 bp −$28 | 78.1 bp −$781 | 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 | −5.595% | $4K | $4K | 5.5x | as long as short |
| BloFin GMX-USDTshort | +0.0099% | 8h | 8.0820 | +0.261% | $109K | $26K | 50x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.0780 | +0.211% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0710 | +0.124% | $838K | $245K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0700 | +0.112% | $298K | $502K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0610 | 0.000% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0700 | +0.112% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | +0.112% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDTlong | +0.0100% | 8h | 8.0610 | long leg | $419K | $203K | 50x | |
| BingX GMX-USDT | +0.0100% | 8h | 8.0750 | +0.174% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0789 | +0.222% | $21K | $54K | — | as long as short |
| Hyperliquid GMX | +0.0175% | 1h | 8.0848 | +0.295% | $902K | $154K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0304% | 1h | 8.0785 | +0.217% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0687 | +0.095% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0544% | 1h | 8.0888 | +0.345% | $77K | $90K | 5x | as long as short |
Variational Omni GMX
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX