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: Binance against Gate−0.050%7-day average +0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$816as in the Funding arb table
Net, price: spread back to 7d avg − costs−$838as in the Price arb table
costs, in and out, $10k−$8148.136% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.050%, 7d avg +0.189%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.239% cheaper against Gate than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.189%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GMX_USDT | 7.9960 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $195K | $68K | 33x |
| Short | Binance GMXUSDT | 7.9920 | 0.0100 | get 0.0100% / 8h | 2h 40m | $2.3M | $1.9M | 50x |
Gate GMX_USDT
Binance GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: −0.050% → +0.189%
- −$23.9
- Slippage, 4 orders
- −$788.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$837.51
- Costs to cover
- 8.136%
- Break-even
- never at this rate
Slippage from Gate: live order book, 66 min ago; Binance: live order book, 9 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 Gate live order book, 66 min ago | 6.83 bp | 365.3 bp −$365 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 3.11 bp | 28.7 bp −$29 | 110.6 bp −$1,106 | 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 | 7.5400 | −5.703% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0044% | 1h | 7.9935 | −0.031% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDTshort | +0.0100% | 8h | 7.9920 | −0.050% | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9840 | −0.150% | $821K | $248K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9700 | −0.325% | $292K | $487K | 20x | as long as short |
| Gate GMX_USDTlong | +0.0100% | 8h | 7.9960 | long leg | $195K | $68K | 33x | |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9910 | −0.063% | $374K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9730 | −0.288% | $161K | $56K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9910 | −0.063% | $414K | $208K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9920 | −0.050% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Bybit GMXUSDT
OKX GMX-USDT-SWAP
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 7.9933 | −0.034% | $21K | $54K | — | as long as short |
| BloFin GMX-USDT | +0.0102% | 8h | 8.0060 | +0.125% | $108K | $25K | 50x | as long as short |
| Lighter GMX | +0.0288% | 1h | 8.0008 | +0.060% | $76K | $89K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 7.9927 | −0.042% | $392K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0425% | 1h | 8.0024 | +0.080% | $889K | $151K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
Lighter GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX