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: BingX against Bybit−0.025%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1741.736% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.025%, 7d avg −0.028%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 8.0450 | 0.0100 | pay 0.0100% / 8h | 6h 06m | $840K | $252K | 20x |
| Short | BingX GMX-USDT | 8.0430 | 0.0100 | get 0.0100% / 8h | 6h 06m | — | $2.3M | — |
Bybit GMXUSDT
BingX GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.025% → −0.028%
- $0.32
- Slippage, 4 orders
- −$152.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$173.23
- Costs to cover
- 1.736%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 58 min ago; BingX: live order book, 12 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, 58 min ago | 6.77 bp | 59.6 bp −$60 | 166.6 bp −$1,666 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 6.20 bp | 29.1 bp −$29 | 83.0 bp −$830 | 452.6 bp −$45.3K | 506.0 bp −$253.0K |
GMX on 14 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 | 7.5700 | −5.904% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0548% | 1h | 8.0386 | −0.080% | $33K | $569 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0470 | +0.025% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 8.0450 | long leg | $840K | $252K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0400 | −0.062% | $296K | $516K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0500 | +0.062% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0480 | +0.037% | $379K | $181K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0650 | +0.249% | $182K | $31K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0320 | −0.162% | $404K | $207K | 50x | as long as short |
| BingX GMX-USDTshort | +0.0100% | 8h | 8.0430 | −0.025% | — | $2.3M | — |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0521 | +0.088% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0347 | −0.128% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0568% | 1h | 8.0595 | +0.180% | $76K | $92K | 5x | as long as short |
| Hyperliquid GMX | +0.0590% | 1h | 8.0495 | +0.056% | $901K | $158K | 3x | as long as short |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX