Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against BloFin−0.114%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$970.971% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.114%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.130% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GMX-USDT | 8.0650 | 0.0122 | pay 0.0122% / 8h | 4h 26m | $109K | $26K | 50x |
| Short | Binance GMXUSDT | 8.0558 | 0.0100 | get 0.0100% / 8h | 4h 26m | $2.3M | $1.9M | 50x |
BloFin GMX-USDT
Binance GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$4.63
- Price spread: −0.114% → +0.016%
- −$12.99
- Slippage, 4 orders
- −$75.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$114.7
- Costs to cover
- 0.971%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 64 min ago; Binance: live order book, 8 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 BloFin live order book, 64 min ago | 6.19 bp | 15.7 bp −$16 | 42.5 bp −$425 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.11 bp | 31.3 bp −$31 | 116.0 bp −$1,160 | 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 | 7.5900 | −5.890% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDTshort | +0.0100% | 8h | 8.0558 | −0.114% | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0560 | −0.112% | $830K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0470 | −0.223% | $296K | $493K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0520 | −0.161% | $199K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0560 | −0.112% | $378K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0320 | −0.409% | $160K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0500 | −0.186% | $418K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0620 | −0.037% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0656 | +0.007% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDTlong | +0.0122% | 8h | 8.0650 | long leg | $109K | $26K | 50x | |
| Kraken Futures PF_GMXUSD | +0.0194% | 1h | 8.0508 | −0.176% | $33K | $463 | 10x | as long as short |
| Lighter GMX | +0.0312% | 1h | 8.0737 | +0.108% | $77K | $90K | 5x | as long as short |
| Hyperliquid GMX | +0.0371% | 1h | 8.0667 | +0.021% | $896K | $149K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0491 | −0.197% | $395K | — | 100x | as long as short |
Kraken Futures PF_GMXUSD
Lighter GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]