Funding you earn now, next payment 16:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BloFin−0.200%94s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$600.605% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.200%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.214% cheaper against BloFin than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 94 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 | 7.9850 | 0.0109 | pay 0.0109% / 8h | 4h 51m | $106K | $25K | 50x |
| Short | MEXC GMX_USDT | 7.9690 | 0.0100 | get 0.0100% / 8h | 4h 51m | $371K | $136K | 125x |
BloFin GMX-USDT
MEXC GMX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$1.88
- Price spread: −0.200% → +0.013%
- −$21.35
- Slippage, 4 orders
- −$44.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$83.71
- Costs to cover
- 0.605%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 38 min ago; MEXC: live order book, 45 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, 38 min ago | 3.74 bp | 24.3 bp −$24 | 68.2 bp −$682 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 45 min ago | 1.24 bp | 3.2 bp −$3 | 80.7 bp −$807 | 286.2 bp −$28.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMXUSD | −0.1052% | 1h | 7.9715 | −0.169% | $33K | $398 | 10x | as long as short |
| Injective GMX/USDC PERP | +0.0033% | 1h | 7.5200 | −5.823% | $4K | $3K | 5.5x | as long as short |
| Lighter GMX | +0.0096% | 1h | 7.9860 | +0.013% | $76K | $78K | 5x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 7.9798 | −0.065% | $885K | $113K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9678 | −0.216% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9610 | −0.301% | $814K | $215K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9630 | −0.276% | $285K | $298K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9720 | −0.163% | $192K | $62K | 33x | as long as short |
| MEXC GMX_USDTshort | +0.0100% | 8h | 7.9690 | −0.200% | $371K | $136K | 125x | |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9500 | −0.438% | $164K | $43K | 30x | as long as short |
Kraken Futures PF_GMXUSD
Injective GMX/USDC PERP
Lighter GMX
Hyperliquid GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
KuCoin GMXUSDTMShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 7.9710 | −0.175% | $406K | $163K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9670 | −0.225% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 7.9744 | −0.133% | $20K | $47K | — | as long as short |
| BloFin GMX-USDTlong | +0.0109% | 8h | 7.9850 | long leg | $106K | $25K | 50x | |
| GMX GMX/USD [GMX-USDC] | L +0.0610% / S −0.0199% | 1h | 7.9734 | −0.145% | $434K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]