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: Bybit against KuCoin+0.138%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$998as in the Funding arb table
Net, price: spread back to 7d avg − costs−$978as in the Price arb table
costs, in and out, $10k−$9849.840% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.138%, 7d avg +0.077%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.061% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMXUSDTM | 7.9900 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $159K | $57K | 30x |
| Short | Bybit GMXUSDT | 8.0010 | 0.0100 | get 0.0100% / 8h | 2h 36m | $822K | $248K | 20x |
KuCoin GMXUSDTM
Bybit GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.138% → +0.077%
- $6.09
- Slippage, 4 orders
- −$961.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$977.93
- Costs to cover
- 9.840%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 19 min ago; Bybit: live order book, 8 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, 19 min ago | 47.72 bp | 558.6 bp −$559 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 6.24 bp | 48.1 bp −$48 | 214.3 bp −$2,143 | 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 | 7.5200 | −5.882% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0044% | 1h | 7.9989 | +0.111% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0106 | +0.258% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTshort | +0.0100% | 8h | 8.0010 | +0.138% | $822K | $248K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0000 | +0.125% | $293K | $489K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9830 | −0.088% | $193K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0100 | +0.250% | $375K | $177K | 125x | as long as short |
| KuCoin GMXUSDTMlong | +0.0100% | 8h | 7.9900 | long leg | $159K | $57K | 30x | |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0020 | +0.150% | $415K | $208K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0040 | +0.175% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
Bitget GMXUSDT
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 7.9933 | +0.041% | $21K | $54K | — | as long as short |
| BloFin GMX-USDT | +0.0113% | 8h | 7.9820 | −0.100% | $108K | $25K | 50x | as long as short |
| Lighter GMX | +0.0304% | 1h | 8.0212 | +0.390% | $76K | $89K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 7.9924 | +0.030% | $392K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0446% | 1h | 8.0219 | +0.399% | $891K | $151K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
Lighter GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX