Funding you earn now, next payment 07:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.063%
Price spread now: BingX against Lighter−0.248%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−0.103%−$10 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 −$10 a day on $10k at the current rate, and BingX is 0.248% cheaper against Lighter than usual: you would sell low and buy high (−$25 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 -0.103% in total (about -5.4% 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 | 8.0369 | 0.0424 | pay 0.0053% / 1h | 59m 22s | $76K | $89K | 5x |
| Short | BingX GMX-USDT | 8.0170 | 0.0100 | get 0.0100% / 8h | 1h 59m | — | $2.3M | — |
Lighter GMX
BingX GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$68.04
- Price spread: −0.248% → 0.000%
- −$24.76
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$102.8
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago | 4.99 bp | 29.0 bp −$29 | 77.4 bp −$774 | 460.7 bp −$46.1K | 520.2 bp −$260.1K |
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 | 7.5500 | −6.058% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0044% | 1h | 8.0161 | −0.259% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0150 | −0.272% | $2.3M | $1.8M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0140 | −0.285% | $823K | $243K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0160 | −0.260% | $294K | $430K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0060 | −0.384% | $195K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0140 | −0.285% | $377K | $176K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9750 | −0.770% | $158K | $56K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0100 | −0.335% | $415K | $192K | 50x | as long as short |
| BingX GMX-USDTshort | +0.0100% | 8h | 8.0170 | −0.248% | — | $2.3M | — |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0225 | −0.179% | $21K | $53K | — | as long as short |
| BloFin GMX-USDT | +0.0129% | 8h | 8.0210 | −0.198% | $107K | $26K | 50x | as long as short |
| Hyperliquid GMX | +0.0376% | 1h | 8.0261 | −0.134% | $889K | $149K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0068 | −0.374% | $393K | — | 100x | as long as short |
| Lighter GMXlong | +0.0424% | 1h | 8.0369 | long leg | $76K | $89K | 5x |
Variational Omni GMX
BloFin GMX-USDT
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]