Funding you earn now, next payment 05:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.059%
Price spread now: Lighter against Gate+0.221%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.221% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GMX_USDT | 8.0380 | 0.0100 | pay 0.0100% / 8h | 3h 31m | $198K | $73K | 33x |
| Short | Lighter GMX | 8.0558 | 0.0480 | get 0.0060% / 1h | 31m 59s | $76K | $89K | 5x |
Gate GMX_USDT
Lighter GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $79.8
- Price spread: +0.221% → 0.000%
- $22.14
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $86.94
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 14 min ago; Lighter: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 14 min ago | 6.83 bp | 365.3 bp −$365 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERP | −0.5000% | 1h | 7.5800 | −5.698% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0262% | 1h | 8.0311 | −0.086% | $33K | $463 | 10x | as long as short |
| BloFin GMX-USDT | +0.0073% | 8h | 8.0470 | +0.112% | $109K | $25K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0391 | +0.013% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0330 | −0.062% | $825K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0340 | −0.050% | $295K | $491K | 20x | as long as short |
| Gate GMX_USDTlong | +0.0100% | 8h | 8.0380 | long leg | $198K | $73K | 33x | |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0400 | +0.025% | $377K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0350 | −0.037% | $159K | $55K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0330 | −0.062% | $417K | $208K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0380 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0416 | +0.045% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0287 | −0.116% | $394K | — | 100x | as long as short |
| Lighter GMXshort | +0.0480% | 1h | 8.0558 | +0.221% | $76K | $89K | 5x | |
| Hyperliquid GMX | +0.0619% | 1h | 8.0493 | +0.141% | $893K | $150K | 3x | as long as short |
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX