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

GMX

all GMX markets
SwapBacktest
Alert: funding
Alert: spread
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: Gate against KuCoin−0.124%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,612as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,617as in the Price arb table
costs, in and out, $10k−$1,61516.146% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.124%, 7d avg −0.098%
Together, before fees+0.254%+$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.026% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GMXUSDTM8.07000.0100pay 0.0100% / 8h5h 14m$161K$54K30x
ShortGate GMX_USDT8.06000.0100get 0.0100% / 8h5h 14m$199K$77K33x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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: −0.124% → −0.098%
−$2.64
Slippage, 4 orders
−$1,587.59
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,617.23
Costs to cover
16.146%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago79.87 bp514.8 bp −$515doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 42 min ago4.36 bp381.9 bp −$382doesn't fitdoesn't fitdoesn't fit

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%1h7.6100−5.700%$4K$4K5.5xas long as short
Binance GMXUSDT+0.0100%8h8.0750+0.062%$2.3M$1.9M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0720+0.025%$838K$245K20xas long as short
OKX GMX-USDT-SWAP+0.0100%8h8.0670−0.037%$298K$502K20xas long as short
Gate GMX_USDTshort+0.0100%8h8.0600−0.124%$199K$77K33x
MEXC GMX_USDT+0.0100%8h8.0740+0.050%$380K$178K125xas long as short
KuCoin GMXUSDTMlong+0.0100%8h8.0700long leg$161K$54K30x
Bitget GMXUSDT+0.0100%8h8.0670−0.037%$419K$203K50xas long as short
BingX GMX-USDT+0.0100%8h8.0720+0.025%$2.3Mas long as short
Variational Omni GMX+0.0100%8h8.0789+0.111%$21K$54Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin GMX-USDT+0.0112%8h8.0860+0.198%$110K$26K50xas long as short
Hyperliquid GMX+0.0172%1h8.0852+0.188%$902K$154K3xas long as short
Kraken Futures PF_GMXUSD+0.0305%1h8.0673−0.033%$33K$46310xas long as short
GMX GMX/USD [GMX-USDC]L +0.0417% / S −0.0142%1h8.0644−0.070%$395K100xas long as short
Lighter GMX+0.0544%1h8.0906+0.255%$77K$90K5xas long as short