Settings8H · net · $10k
Funding arb · Price arb /

GMX

all GMX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.056%
Price spread now: Lighter against BloFin+0.412%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.127%+$13 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.412% dearer against BloFin than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin GMX-USDT8.06100.0090pay 0.0090% / 8h4h 11m$107K$25K50x
ShortLighter GMX8.09420.0128get 0.0016% / 1h11m 12s$77K$78K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$7.97
Price spread: +0.412% → 0.000%
$41.19
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$37.15
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: BloFin: live order book, 9 min ago; Lighter: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 9 min ago3.11 bp15.7 bp −$1650.2 bp −$502doesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GMX on 15 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMXUSD−0.1041%1h8.0576−0.043%$33K$39810xas long as short
Injective GMX/USDC PERP+0.0033%1h7.5200−6.711%$4K$3K5.5xas long as short
BloFin GMX-USDTlong+0.0090%8h8.0610long leg$107K$25K50x
Binance GMXUSDT+0.0100%8h8.0650+0.050%$2.3M$1.6M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0570−0.050%$824K$208K20xas long as short
OKX GMX-USDT-SWAP+0.0100%8h8.0500−0.136%$290K$289K20xas long as short
Gate GMX_USDT+0.0100%8h8.0470−0.174%$193K$62K33xas long as short
MEXC GMX_USDT+0.0100%8h8.0660+0.062%$375K$139K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.0480−0.161%$165K$43K30xas long as short
Bitget GMXUSDT+0.0100%8h8.0580−0.037%$408K$160K50xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMX-USDT+0.0100%8h8.0550−0.074%$2.3Mas long as short
Variational Omni GMX+0.0100%8h8.0472−0.171%$21K$48Kas long as short
Lighter GMXshort+0.0128%1h8.0942+0.412%$77K$78K5x
Hyperliquid GMX+0.0312%1h8.0779+0.210%$896K$114K3xas long as short
GMX GMX/USD [GMX-USDC]L +0.0547% / S −0.0176%1h8.0602−0.010%$454K100xas long as short