Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against BloFin−0.135%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$980.979% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.135%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.102% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GMX-USDT | 8.1470 | 0.0117 | pay 0.0117% / 8h | 7h 38m | $111K | $31K | 50x |
| Short | BingX GMX-USDT | 8.1360 | 0.0100 | get 0.0100% / 8h | 7h 38m | — | $2.3M | — |
BloFin GMX-USDT
BingX GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$3.61
- Price spread: −0.135% → −0.033%
- −$10.2
- Slippage, 4 orders
- −$75.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$111.66
- Costs to cover
- 0.979%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 16 min ago; BingX: live order book, 5 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, 16 min ago | 5.53 bp | 19.5 bp −$19 | 53.6 bp −$536 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.91 bp | 34.4 bp −$34 | 88.0 bp −$880 | 478.9 bp −$47.9K | 536.2 bp −$268.1K |
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 | 7.6700 | −5.855% | $4K | $5K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0607% | 1h | 8.1430 | −0.049% | $33K | $600 | 10x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.1487 | +0.021% | $932K | $166K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.1359 | −0.136% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.1360 | −0.135% | $848K | $266K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.1340 | −0.160% | $298K | $548K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.1270 | −0.245% | $205K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.1350 | −0.147% | $403K | $174K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1280 | −0.233% | $184K | $36K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.1250 | −0.270% | $407K | $202K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Hyperliquid GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDTshort | +0.0100% | 8h | 8.1360 | −0.135% | — | $2.3M | — | |
| Variational Omni GMX | +0.0100% | 8h | 8.1412 | −0.071% | $21K | $54K | — | as long as short |
| BloFin GMX-USDTlong | +0.0117% | 8h | 8.1470 | long leg | $111K | $31K | 50x | |
| Lighter GMX | +0.0192% | 1h | 8.1720 | +0.307% | $78K | $93K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.1485 | +0.018% | $399K | — | 100x | as long as short |
Variational Omni GMX
Lighter GMX
GMX GMX/USD [GMX-USDC]