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: OKX against Bybit−0.149%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1921.921% of the position
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.149%, 7d avg −0.080%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.068% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 8.0790 | 0.0100 | pay 0.0100% / 8h | 5h 13m | $838K | $245K | 20x |
| Short | OKX GMX-USDT-SWAP | 8.0670 | 0.0100 | get 0.0100% / 8h | 5h 13m | $298K | $502K | 20x |
Bybit GMXUSDT
OKX GMX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.149% → −0.080%
- −$6.81
- Slippage, 4 orders
- −$171.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$198.93
- Costs to cover
- 1.921%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 47 min ago; OKX: live order book, 47 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, 47 min ago | 6.84 bp | 58.9 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 47 min ago | 4.98 bp | 35.7 bp −$36 | doesn't fit | 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 | −5.805% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0800 | +0.013% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 8.0790 | long leg | $838K | $245K | 20x | |
| OKX GMX-USDT-SWAPshort | +0.0100% | 8h | 8.0670 | −0.149% | $298K | $502K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 8.0600 | −0.235% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0790 | 0.000% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | −0.111% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0710 | −0.099% | $419K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0760 | −0.037% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0789 | −0.001% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
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 | +0.0112% | 8h | 8.0860 | +0.087% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMX | +0.0171% | 1h | 8.0927 | +0.170% | $903K | $154K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0305% | 1h | 8.0651 | −0.172% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0727 | −0.078% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0544% | 1h | 8.0906 | +0.144% | $77K | $90K | 5x | as long as short |
BloFin GMX-USDT
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX