Settings8H · net · $10k
Funding arb · Price arb /

GMX

all GMX markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Gate+0.094%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.094% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate GMX_USDT8.08700.0100pay 0.0100% / 8h35m 21s$201K$79K33x
ShortVariational Omni GMX8.09460.0100get 0.0100% / 8h35m 21s$21K$55K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.094% → 0.000%
$9.36
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$5.64
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 36 min ago; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 36 min ago4.36 bp290.0 bp −$290doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GMX/USDC PERP−0.5000%1h7.6300−5.651%$4K$5K5.5xas long as short
Kraken Futures PF_GMXUSD−0.1106%1h8.0982+0.138%$33K$57110xas long as short
Lighter GMX+0.0096%1h8.1107+0.293%$77K$93K5xas long as short
Hyperliquid GMX+0.0100%1h8.1082+0.262%$927K$170K3xas long as short
Binance GMXUSDT+0.0100%8h8.0900+0.037%$2.3M$2.0M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0860−0.012%$841K$268K20xas long as short
OKX GMX-USDT-SWAP+0.0100%8h8.0920+0.062%$295K$547K20xas long as short
Gate GMX_USDTlong+0.0100%8h8.0870long leg$201K$79K33x
MEXC GMX_USDT+0.0100%8h8.0910+0.049%$406K$172K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.1030+0.198%$183K$39K30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMXUSDT+0.0100%8h8.0810−0.074%$405K$203K50xas long as short
BingX GMX-USDT+0.0100%8h8.0950+0.099%$2.3Mas long as short
Variational Omni GMXshort+0.0100%8h8.0946+0.094%$21K$55K
BloFin GMX-USDT+0.0116%8h8.1020+0.185%$110K$31K50xas long as short
GMX GMX/USD [GMX-USDC]L +0.0416% / S −0.0141%1h8.0968+0.121%$397K100xas long as short