Funding you earn now, next payment 16:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BloFin0.000%112s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as 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−$1471.470% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GMX-USDT | 7.9890 | 0.0104 | pay 0.0104% / 8h | 6h 21m | $106K | $25K | 50x |
| Short | Bybit GMXUSDT | 7.9890 | 0.0100 | get 0.0100% / 8h | 6h 21m | $822K | $227K | 20x |
BloFin GMX-USDT
Bybit GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$0.77
- Price spread: 0.000% → −0.009%
- $0.94
- Slippage, 4 orders
- −$123.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$146.78
- Costs to cover
- 1.470%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 21 min ago; Bybit: live order book, 26 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, 21 min ago | 1.88 bp | 16.0 bp −$16 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 4.39 bp | 50.7 bp −$51 | 575.0 bp −$5,750 | doesn't fit | doesn't fit |
GMX on 15 exchanges
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 | 8.0100 | +0.263% | $4K | $3K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0123% | 1h | 7.9840 | −0.063% | $33K | $463 | 10x | as long as short |
| Lighter GMX | +0.0096% | 1h | 8.0078 | +0.235% | $76K | $85K | 5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9920 | +0.038% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDTshort | +0.0100% | 8h | 7.9890 | 0.000% | $822K | $227K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9830 | −0.075% | $288K | $316K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9840 | −0.063% | $189K | $61K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9930 | +0.050% | $374K | $140K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9930 | +0.050% | $164K | $46K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9900 | +0.013% | $410K | $164K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Lighter GMX
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 7.9880 | −0.013% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 7.9844 | −0.058% | $21K | $45K | — | as long as short |
| BloFin GMX-USDTlong | +0.0104% | 8h | 7.9890 | long leg | $106K | $25K | 50x | |
| Hyperliquid GMX | +0.0302% | 1h | 8.0070 | +0.225% | $889K | $120K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0594% / S −0.0179% | 1h | 7.9832 | −0.073% | $435K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]