Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.038%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1341.339% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.038%, 7d avg +0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.061% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 7.9910 | 0.0100 | pay 0.0100% / 8h | 23m 48s | $815K | $236K | 20x |
| Short | Binance GMXUSDT | 7.9880 | 0.0100 | get 0.0100% / 8h | 23m 48s | $2.3M | $1.7M | 50x |
Bybit GMXUSDT
Binance GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- Price spread: −0.038% → +0.023%
- −$6.08
- Slippage, 4 orders
- −$112.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$139.94
- Costs to cover
- 1.339%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 11 min ago; Binance: live order book, 11 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 Bybit live order book, 11 min ago | 5.63 bp | 52.8 bp −$53 | 170.8 bp −$1,708 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 3.12 bp | 26.3 bp −$26 | 111.3 bp −$1,113 | 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 | 7.5300 | −5.769% | $4K | $3K | 5.5x | as long as short |
| Binance GMXUSDTshort | +0.0100% | 8h | 7.9880 | −0.038% | $2.3M | $1.7M | 50x | |
| Bybit GMXUSDTlong | +0.0100% | 8h | 7.9910 | long leg | $815K | $236K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9900 | −0.013% | $289K | $379K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9780 | −0.163% | $194K | $66K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9890 | −0.025% | $373K | $169K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9800 | −0.138% | $160K | $57K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9890 | −0.025% | $411K | $186K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9900 | −0.013% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 7.9860 | −0.062% | $21K | $53K | — | as long as short |
Injective GMX/USDC PERP
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDT | +0.0119% | 8h | 7.9900 | −0.013% | $107K | $26K | 50x | as long as short |
| Lighter GMX | +0.0168% | 1h | 8.0042 | +0.165% | $76K | $89K | 5x | as long as short |
| Hyperliquid GMX | +0.0344% | 1h | 8.0031 | +0.151% | $887K | $135K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0425% | 1h | 7.9893 | −0.021% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0455% / S −0.0142% | 1h | 7.9837 | −0.091% | $392K | — | 100x | as long as short |
BloFin GMX-USDT
Lighter GMX
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]