Funding you earn now, next payment 02:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.047%
Price spread now: Lighter against Bybit+0.259%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.259% dearer against Bybit than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 8.0810 | 0.0100 | pay 0.0100% / 8h | 6h 49m | $844K | $260K | 20x |
| Short | Lighter GMX | 8.1019 | 0.0384 | get 0.0048% / 1h | 49m 30s | $77K | $92K | 5x |
Bybit GMXUSDT
Lighter GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $59.64
- Price spread: +0.259% → 0.000%
- $25.86
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $74.5
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 15 min ago; Lighter: no order-book sample. Net counts fees only.
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, 15 min ago | 6.77 bp | 59.6 bp −$60 | 166.6 bp −$1,666 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 7.5900 | −6.076% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0545% | 1h | 8.0764 | −0.057% | $33K | $600 | 10x | as long as short |
| BloFin GMX-USDT | +0.0071% | 8h | 8.0500 | −0.384% | $110K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0820 | +0.012% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 8.0810 | long leg | $844K | $260K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0720 | −0.111% | $297K | $527K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0510 | −0.371% | $199K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0880 | +0.087% | $380K | $179K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0940 | +0.161% | $182K | $37K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0770 | −0.049% | $405K | $207K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0720 | −0.111% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0633 | −0.220% | $21K | $54K | — | as long as short |
| Hyperliquid GMX | +0.0292% | 1h | 8.0940 | +0.161% | $923K | $149K | 3x | as long as short |
| Lighter GMXshort | +0.0384% | 1h | 8.1019 | +0.259% | $77K | $92K | 5x | |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0752 | −0.072% | $396K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]