Settings8H · net · $10k
My profile
Funding arb · Price arb / Crypto

GMX

All GMX markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotGMXUSDT
8.3455spotno funding——$462K1xBuy Bybit Spot
SHORT
BybitGMXUSDT
8.3330+0.0100get 0.0100% / 8h6h 04m$661K$606K20xShort Bybit
Price gap−0.150%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.108% under its 7d average: −$11 if it goes back, about 3.6 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$12+0.0100% /8h now · paid +0.116% over the last 7D
Price−$11spread −0.150% now, avg −0.042% → −0.108% if it goes back
Costs−$3303.299% of $10k · taker + slippage, in and out
Result−$329−3.29%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.150%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

GMX on 14 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size116.3 / 57.0 bp
    At $10k entering Bybit Spot costs 116.3 bp, fee and slippage, 2.0× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Bybit runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$3.00.
  • Watch: Gap narrower than usual−0.150% vs −0.042%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$661K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0055%/8h × 21 periods+$11.62
Price spread−0.150% → −0.042% (7d avg)−$10.81
Slippage, 4 orderslive order books−$298.92
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$329.10
Costs to cover3.299%Break-even205.2 days
Slippage: Bybit Spot: live order book, 70 min ago; Bybit: live order book, 28 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot5.32116.3 bp−$116doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.4157.0 bp−$57235.0 bp−$2,350doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

GMX news

posts that mention GMX, from every exchange
11-06 00:13GMXOtherOne month in, the GMX Dollar Vault backs 7 markets: BTC, ETH, NEAR, ZEC, HYPE, XRP and SOL. One $USDG deposit, spread across all of them, earning from the volume, withdrawable any time. Full launch boost runs until 30 Nov. Here's how it works: @GMX_IO on X ↗
10-29 16:51GMXOtherGMX is the liquidity layer for platforms that build on top of it: permissionless, composable, and peer-to-pool. Welcome to the ecosystem, Foxify. @GMX_IO on X ↗
10-29 11:11GMXOtherLooking forward to working with @falconfinance as part of GMX’s treasury management strategy. @GMX_IO on X ↗
10-27 16:42GMXOtherGMX staking on Arbitrum and Avalanche moves to a new contract on 28 October: 🔹Unstaking will now require a request. Tokens can then be withdrawn 180 days later. 🔹Staked GMX and esGMX stay in place. No action needed. 🔹The 80% Staking Power threshold applies when the request is submitted. 1/2 @GMX_IO on X ↗
10-20 10:20GMXOtherThe SDK, REST API, and subgraph are available at Rob (@__BoTu) is also at Open House in Singapore this week; connect with him there to go deeper on integrating GMX: 2/2 @GMX_IO on X ↗
10-20 10:20GMXOtherBuilders at Founder House don't have to bootstrap their own liquidity. 50,000+ users already contribute over 200 million in liquidity to GMX's composable pools, and anyone can easily build on them. Route trades to GMX's markets, and earn a sizable share of the fees they generate ⬇️ 1/2 @GMX_IO on X ↗