Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Gate+0.136%78s7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$688as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$6876.870% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)+0.123%+$12 · spread now +0.136%, 7d avg +0.172%
=Funding pays, the price is against you. BloFin is 0.036% cheaper against Gate than usual: you would sell low and buy high (spread +0.136% now, against its 7-day average of +0.172%). If the spread goes back, that is −$4 on $10k: about 7.2 days of funding at the current rate ($0 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GMX_USDT | 8.0870 | 0.0100 | pay 0.0100% / 8h | 27m 40s | $201K | $79K | 33x |
| Short | BloFin GMX-USDT | 8.0980 | 0.0117 | get 0.0117% / 8h | 27m 40s | $110K | $31K | 50x |
Gate GMX_USDT
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.49
- Price spread: +0.136% → +0.172%
- −$3.61
- Slippage, 4 orders
- −$660.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$687.16
- Costs to cover
- 6.870%
- Break-even
- 1383.5 days
Slippage from Gate: live order book, 43 min ago; BloFin: live order book, 32 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, 43 min ago | 4.36 bp | 290.0 bp −$290 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 32 min ago | 1.24 bp | 23.4 bp −$23 | 70.0 bp −$700 | 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 | 7.6300 | −5.651% | $4K | $5K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.1107% | 1h | 8.0904 | +0.042% | $33K | $581 | 10x | as long as short |
| Lighter GMX | +0.0096% | 1h | 8.0981 | +0.137% | $77K | $93K | 5x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.1005 | +0.167% | $926K | $170K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0830 | −0.049% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0860 | −0.012% | $842K | $268K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0800 | −0.087% | $295K | $546K | 20x | as long as short |
| Gate GMX_USDTlong | +0.0100% | 8h | 8.0870 | long leg | $201K | $79K | 33x | |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0870 | 0.000% | $405K | $173K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0930 | +0.074% | $183K | $36K | 30x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Lighter GMX
Hyperliquid GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 8.0790 | −0.099% | $405K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0860 | −0.012% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0841 | −0.036% | $21K | $55K | — | as long as short |
| BloFin GMX-USDTshort | +0.0117% | 8h | 8.0980 | +0.136% | $110K | $31K | 50x | |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0901 | +0.038% | $397K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]