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Funding arb · Price arb /

GMX

all GMX markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h −0.080%
Price spread now: BloFin against GMX+0.201%7-day average −0.024% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.281%−$28 on $10k
Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.201%, 7d avg −0.024%
Together, before fees−0.505%−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.225% dearer against GMX than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of −0.024%): +$23 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX GMX/USD [GMX-USDC]8.0488L +0.0417% / S −0.0142%pay 0.0052% / 1h25m 02s$395K—100x
ShortBloFin GMX-USDT8.06500.0106get 0.0106% / 8h4h 25m$109K$26K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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
−$65.27
Price spread: +0.201% → −0.024%
$22.53
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$66.74
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 66 min ago. 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 GMX no order-book sample—————
Sell BloFin live order book, 66 min ago6.19 bp27.5 bp −$2878.1 bp −$781doesn't fitdoesn't fit
GMX: 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%1h7.5800−5.825%$4K$4K5.5xas long as short
Binance GMXUSDT+0.0100%8h8.0560+0.089%$2.3M$1.9M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0500+0.015%$829K$246K20xas long as short
OKX GMX-USDT-SWAP+0.0100%8h8.0470−0.023%$296K$493K20xas long as short
Gate GMX_USDT+0.0100%8h8.0400−0.110%$198K$73K33xas long as short
MEXC GMX_USDT+0.0100%8h8.0570+0.102%$378K$178K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.0420−0.085%$160K$54K30xas long as short
Bitget GMXUSDT+0.0100%8h8.0500+0.015%$418K$207K50xas long as short
BingX GMX-USDT+0.0100%8h8.0470−0.023%—$2.3M—as long as short
Variational Omni GMX+0.0100%8h8.0470−0.023%$21K$54K—as long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin GMX-USDTshort+0.0106%8h8.0650+0.201%$109K$26K50x
Kraken Futures PF_GMXUSD+0.0194%1h8.0493+0.006%$33K$46310xas long as short
Lighter GMX+0.0320%1h8.0702+0.266%$77K$90K5xas long as short
Hyperliquid GMX+0.0377%1h8.0644+0.194%$896K$149K3xas long as short
GMX GMX/USD [GMX-USDC]longL +0.0417% / S −0.0142%1h8.0488long leg$395K—100x