Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Bybit+0.173%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1621.618% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.173%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.163% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 8.0720 | 0.0100 | pay 0.0100% / 8h | 5h 14m | $838K | $245K | 20x |
| Short | BloFin GMX-USDT | 8.0860 | 0.0112 | get 0.0112% / 8h | 5h 14m | $110K | $26K | 50x |
Bybit GMXUSDT
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.6
- Price spread: +0.173% → +0.010%
- $16.34
- Slippage, 4 orders
- −$138.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$142.86
- Costs to cover
- 1.618%
- Break-even
- 391.0 days
Slippage from Bybit: live order book, 45 min ago; BloFin: live order book, 17 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, 45 min ago | 6.84 bp | 58.9 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 6.19 bp | 27.5 bp −$28 | 78.1 bp −$781 | 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 | 7.6100 | −5.723% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0750 | +0.037% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 8.0720 | long leg | $838K | $245K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0670 | −0.062% | $298K | $502K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0600 | −0.149% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0740 | +0.025% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | −0.025% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0670 | −0.062% | $419K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0720 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0789 | +0.086% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
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-USDTshort | +0.0112% | 8h | 8.0860 | +0.173% | $110K | $26K | 50x | |
| Hyperliquid GMX | +0.0172% | 1h | 8.0852 | +0.164% | $902K | $154K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0305% | 1h | 8.0673 | −0.058% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0644 | −0.094% | $395K | — | 100x | as long as short |
| Lighter GMX | +0.0544% | 1h | 8.0906 | +0.230% | $77K | $90K | 5x | as long as short |
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX