Funding you earn now, next payment 06:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.063%
Price spread now: Binance against Lighter−0.115%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.115% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GMX | 7.9954 | 0.0312 | pay 0.0039% / 1h | 38m 40s | $76K | $89K | 5x |
| Short | Binance GMXUSDT | 7.9862 | 0.0100 | get 0.0100% / 8h | 2h 38m | $2.3M | $1.9M | 50x |
Lighter GMX
Binance GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$44.52
- Price spread: −0.115% → 0.000%
- −$11.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$66.06
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.
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 Lighter no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 3.11 bp | 28.7 bp −$29 | 110.6 bp −$1,106 | doesn't fit | doesn't fit |
Lighter: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERP | −0.5000% | 1h | 7.5200 | −5.946% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0045% | 1h | 7.9657 | −0.371% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDTshort | +0.0100% | 8h | 7.9862 | −0.115% | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9780 | −0.218% | $820K | $248K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9740 | −0.268% | $292K | $488K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9720 | −0.293% | $193K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9810 | −0.180% | $374K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9550 | −0.505% | $158K | $57K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9780 | −0.218% | $413K | $208K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9770 | −0.230% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
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 | −0.027% | $21K | $54K | — | as long as short |
| BloFin GMX-USDT | +0.0113% | 8h | 7.9800 | −0.193% | $108K | $25K | 50x | as long as short |
| Lighter GMXlong | +0.0312% | 1h | 7.9954 | long leg | $76K | $89K | 5x | |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 7.9723 | −0.288% | $391K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0419% | 1h | 7.9917 | −0.046% | $888K | $151K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX