Funding you earn now, next payment 16:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BloFin−0.075%73s7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as 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−$1081.084% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.075%, 7d avg −0.096%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.021% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.096%. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour. The two prices were read 73 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 | 7.9890 | 0.0078 | pay 0.0078% / 8h | 6h 20m | $106K | $25K | 50x |
| Short | OKX GMX-USDT-SWAP | 7.9830 | 0.0100 | get 0.0100% / 8h | 6h 20m | $288K | $315K | 20x |
BloFin GMX-USDT
OKX GMX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $4.52
- Price spread: −0.075% → −0.096%
- $2.11
- Slippage, 4 orders
- −$86.39
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$101.76
- Costs to cover
- 1.084%
- Break-even
- 164.6 days
Slippage from BloFin: live order book, 22 min ago; OKX: live order book, 28 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, 22 min ago | 1.88 bp | 16.0 bp −$16 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell OKX live order book, 28 min ago | 9.40 bp | 31.2 bp −$31 | doesn't fit | 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 | 7.9787 | −0.129% | $33K | $463 | 10x | as long as short |
| BloFin GMX-USDTlong | +0.0078% | 8h | 7.9890 | long leg | $106K | $25K | 50x | |
| Lighter GMX | +0.0096% | 1h | 8.0034 | +0.180% | $76K | $85K | 5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9900 | +0.012% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9890 | 0.000% | $822K | $224K | 20x | as long as short |
| OKX GMX-USDT-SWAPshort | +0.0100% | 8h | 7.9830 | −0.075% | $288K | $315K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 7.9840 | −0.063% | $189K | $61K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9890 | 0.000% | $373K | $140K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9650 | −0.300% | $164K | $46K | 30x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Lighter GMX
Binance GMXUSDT
Bybit GMXUSDT
Gate GMX_USDT
MEXC 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 | 7.9850 | −0.050% | $409K | $164K | 50x | as long as short |
| 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 |
| Hyperliquid GMX | +0.0308% | 1h | 8.0008 | +0.148% | $888K | $120K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0595% / S −0.0179% | 1h | 7.9780 | −0.137% | $434K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]