GMX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.005%

Price spread now: KuCoin against BloFin−0.124%50s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$901as 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−$9008.999% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.124%, 7d avg −0.074%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.050% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 50 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	8.0800	0.0124	pay 0.0124% / 8h	5h 12m	$110K	$26K	50x
Short	KuCoin GMXUSDTM	8.0700	0.0100	get 0.0100% / 8h	5h 12m	$161K	$54K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$5.14
Price spread: −0.124% → −0.074%: −$5
Slippage, 4 orders: −$875.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$910.04
Costs to cover: 8.999%
Break-even: never at this rate

Slippage from BloFin: live order book, 19 min ago; KuCoin: 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, 19 min ago	6.19 bp	15.7 bp −$16	42.5 bp −$425	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	79.87 bp	341.8 bp −$342	doesn't fit	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	−5.817%	$4K	$4K	5.5x	as long as short
Binance GMXUSDT	+0.0100%	8h	8.0779	−0.026%	$2.3M	$1.9M	50x	as long as short
Bybit GMXUSDT	+0.0100%	8h	8.0780	−0.025%	$838K	$245K	20x	as long as short
OKX GMX-USDT-SWAP	+0.0100%	8h	8.0670	−0.161%	$298K	$502K	20x	as long as short
Gate GMX_USDT	+0.0100%	8h	8.0600	−0.248%	$199K	$77K	33x	as long as short
MEXC GMX_USDT	+0.0100%	8h	8.0800	0.000%	$380K	$178K	125x	as long as short
KuCoin GMXUSDTMshort	+0.0100%	8h	8.0700	−0.124%	$161K	$54K	30x
Bitget GMXUSDT	+0.0100%	8h	8.0690	−0.136%	$419K	$203K	50x	as long as short
BingX GMX-USDT	+0.0100%	8h	8.0750	−0.062%	—	$2.3M	—	as long as short
Variational Omni GMX	+0.0100%	8h	8.0789	−0.013%	$21K	$54K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin GMX-USDTlong	+0.0124%	8h	8.0800	long leg	$110K	$26K	50x
Hyperliquid GMX	+0.0170%	1h	8.0882	+0.101%	$903K	$154K	3x	as long as short
Kraken Futures PF_GMXUSD	+0.0305%	1h	8.0658	−0.176%	$33K	$463	10x	as long as short
GMX GMX/USD [GMX-USDC]	L +0.0417% / S −0.0142%	1h	8.0686	−0.141%	$396K	—	100x	as long as short
Lighter GMX	+0.0536%	1h	8.0933	+0.165%	$77K	$90K	5x	as long as short