Settings8H · net · $10k
Funding arb · Price arb /

GMX

all GMX markets
SwapBacktest
Alert: funding
Alert: spread
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: Variational Omni against Bybit+0.107%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.107% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GMXUSDT8.03300.0100pay 0.0100% / 8h3h 32m$825K$246K20x
ShortVariational Omni GMX8.04160.0100get 0.0100% / 8h3h 32m$21K$54K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.107% → 0.000%
$10.7
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$0.3
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 17 min ago; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 17 min ago6.20 bp53.4 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GMX/USDC PERP−0.5000%1h7.5800−5.639%$4K$4K5.5xas long as short
Kraken Futures PF_GMXUSD−0.0262%1h8.0369+0.049%$33K$46310xas long as short
BloFin GMX-USDT+0.0073%8h8.0470+0.174%$109K$25K50xas long as short
Binance GMXUSDT+0.0100%8h8.0399+0.086%$2.3M$1.9M50xas long as short
Bybit GMXUSDTlong+0.0100%8h8.0330long leg$825K$246K20x
OKX GMX-USDT-SWAP+0.0100%8h8.0340+0.012%$295K$491K20xas long as short
Gate GMX_USDT+0.0100%8h8.0380+0.062%$198K$73K33xas long as short
MEXC GMX_USDT+0.0100%8h8.0440+0.137%$377K$177K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.0350+0.025%$159K$55K30xas long as short
Bitget GMXUSDT+0.0100%8h8.0310−0.025%$416K$208K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMX-USDT+0.0100%8h8.0380+0.062%$2.3Mas long as short
Variational Omni GMXshort+0.0100%8h8.0416+0.107%$21K$54K
GMX GMX/USD [GMX-USDC]L +0.0417% / S −0.0142%1h8.0384+0.067%$394K100xas long as short
Lighter GMX+0.0488%1h8.0596+0.331%$76K$89K5xas long as short
Hyperliquid GMX+0.0615%1h8.0567+0.295%$894K$150K3xas long as short