Funding you earn now, next payment 16:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.18 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BloFin−0.025%95s7-day average +0.003% · 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—prices read too far apart to compare
costs, in and out, $10k−$990.990% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.025%, 7d avg +0.003%
=Funding pays, the price is against you. Bitget is 0.028% cheaper against BloFin than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 5.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.009% in total) that is about 23 days. 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 | BloFin GMX-USDT | 8.0310 | 0.0082 | pay 0.0082% / 8h | 7h 39m | $107K | $26K | 50x |
| Short | Bitget GMXUSDT | 8.0290 | 0.0100 | get 0.0100% / 8h | 7h 39m | $413K | $188K | 50x |
BloFin GMX-USDT
Bitget GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $3.71
- Price spread: −0.025% → +0.003%
- −$2.78
- Slippage, 4 orders
- −$75.03
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.1
- Costs to cover
- 0.990%
- Break-even
- 192.3 days
Slippage from BloFin: live order book, 16 min ago; Bitget: live order book, 51 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 | 7.48 bp | 22.4 bp −$22 | 56.3 bp −$563 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 3.13 bp | 23.4 bp −$23 | 119.3 bp −$1,193 | 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 | 7.5600 | −5.865% | $4K | $3K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0167% | 1h | 8.0227 | −0.103% | $33K | $463 | 10x | as long as short |
| BloFin GMX-USDTlong | +0.0082% | 8h | 8.0310 | long leg | $107K | $26K | 50x | |
| Lighter GMX | +0.0096% | 1h | 8.0455 | +0.181% | $76K | $87K | 5x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.0385 | +0.093% | $891K | $126K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0280 | −0.037% | $2.3M | $1.7M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0290 | −0.025% | $819K | $239K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0340 | +0.037% | $290K | $379K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0280 | −0.037% | $195K | $60K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0270 | −0.050% | $374K | $157K | 125x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Lighter GMX
Hyperliquid GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0100 | −0.261% | $161K | $56K | 30x | as long as short |
| Bitget GMXUSDTshort | +0.0100% | 8h | 8.0290 | −0.025% | $413K | $188K | 50x | |
| BingX GMX-USDT | +0.0100% | 8h | 8.0270 | −0.050% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0272 | −0.048% | $21K | $53K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0453% / S −0.0142% | 1h | 8.0231 | −0.098% | $394K | — | 100x | as long as short |
KuCoin GMXUSDTM
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]