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: OKX against Gate−0.124%7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$813as in the Funding arb table
Net, price: spread back to 7d avg − costs−$827as in the Price arb table
costs, in and out, $10k−$8058.055% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.344%+$34 · spread now −0.124%, 7d avg +0.089%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.213% cheaper against Gate than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GMX_USDT | 8.0500 | 0.0100 | pay 0.0100% / 8h | 6h 05m | $198K | $78K | 33x |
| Short | OKX GMX-USDT-SWAP | 8.0400 | 0.0100 | get 0.0100% / 8h | 6h 05m | $296K | $511K | 20x |
Gate GMX_USDT
OKX GMX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.124% → +0.089%
- −$21.35
- Slippage, 4 orders
- −$780.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$826.84
- Costs to cover
- 8.055%
- Break-even
- never at this rate
Slippage from Gate: live order book, 56 min ago; OKX: live order book, 60 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, 56 min ago | 6.82 bp | 362.8 bp −$363 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 60 min ago | 7.39 bp | 33.9 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
GMX on 14 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 | 7.5700 | −5.963% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0548% | 1h | 8.0421 | −0.098% | $33K | $569 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0422 | −0.096% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0400 | −0.124% | $839K | $249K | 20x | as long as short |
| OKX GMX-USDT-SWAPshort | +0.0100% | 8h | 8.0400 | −0.124% | $296K | $511K | 20x | |
| Gate GMX_USDTlong | +0.0100% | 8h | 8.0500 | long leg | $198K | $78K | 33x | |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0410 | −0.112% | $378K | $181K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0540 | +0.050% | $181K | $31K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0330 | −0.211% | $404K | $206K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0370 | −0.161% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0431 | −0.086% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0141% | 1h | 8.0381 | −0.148% | $394K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0566% | 1h | 8.0555 | +0.068% | $902K | $159K | 3x | as long as short |
| Lighter GMX | +0.0576% | 1h | 8.0583 | +0.103% | $76K | $92K | 5x | as long as short |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX
Lighter GMX