Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against KuCoin+0.112%80s7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$899as 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−$9008.999% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.112%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.035% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.077%. The two prices were read 80 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 | KuCoin GMXUSDTM | 8.0470 | 0.0100 | pay 0.0100% / 8h | 4h 21m | $160K | $54K | 30x |
| Short | BloFin GMX-USDT | 8.0560 | 0.0119 | get 0.0119% / 8h | 4h 21m | $109K | $25K | 50x |
KuCoin GMXUSDTM
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $4.05
- Price spread: +0.112% → +0.077%
- $3.48
- Slippage, 4 orders
- −$875.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$892.37
- Costs to cover
- 8.999%
- Break-even
- 1547.9 days
Slippage from KuCoin: live order book, 58 min ago; BloFin: live order book, 69 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 KuCoin live order book, 58 min ago | 79.87 bp | 514.8 bp −$515 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 69 min ago | 6.19 bp | 27.5 bp −$28 | 78.1 bp −$781 | 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 | 7.5800 | −5.803% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0570 | +0.124% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0520 | +0.062% | $829K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0420 | −0.062% | $296K | $491K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0430 | −0.050% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0580 | +0.137% | $378K | $178K | 125x | as long as short |
| KuCoin GMXUSDTMlong | +0.0100% | 8h | 8.0470 | long leg | $160K | $54K | 30x | |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0490 | +0.025% | $418K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0510 | +0.050% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0470 | 0.000% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDTshort | +0.0119% | 8h | 8.0560 | +0.112% | $109K | $25K | 50x | |
| Kraken Futures PF_GMXUSD | +0.0194% | 1h | 8.0509 | +0.048% | $33K | $463 | 10x | as long as short |
| Lighter GMX | +0.0312% | 1h | 8.0732 | +0.326% | $77K | $90K | 5x | as long as short |
| Hyperliquid GMX | +0.0393% | 1h | 8.0676 | +0.256% | $896K | $149K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0486 | +0.020% | $395K | — | 100x | as long as short |
Kraken Futures PF_GMXUSD
Lighter GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]