Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.054%
Price spread now: Bitget against Lighter−0.210%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−0.100%−$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 −$6 a day on $10k at the current rate, and Bitget is 0.210% cheaper against Lighter than usual: you would sell low and buy high (−$21 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 -0.100% in total (about -5.2% 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 | 8.0920 | 0.0312 | pay 0.0039% / 1h | 29m 35s | $77K | $90K | 5x |
| Short | Bitget GMXUSDT | 8.0750 | 0.0100 | get 0.0100% / 8h | 4h 29m | $419K | $207K | 50x |
Lighter GMX
Bitget GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.210% → 0.000%
- −$21.01
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$77.53
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 21 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 Bitget live order book, 21 min ago | 6.23 bp | 22.9 bp −$23 | 167.3 bp −$1,673 | 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 | 7.5600 | −6.574% | $4K | $4K | 5.5x | as long as short |
| BloFin GMX-USDT | +0.0080% | 8h | 8.0680 | −0.297% | $109K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0760 | −0.198% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0690 | −0.284% | $831K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0700 | −0.272% | $297K | $496K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0540 | −0.470% | $199K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0810 | −0.136% | $379K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0390 | −0.655% | $160K | $54K | 30x | as long as short |
| Bitget GMXUSDTshort | +0.0100% | 8h | 8.0750 | −0.210% | $419K | $207K | 50x | |
| BingX GMX-USDT | +0.0100% | 8h | 8.0700 | −0.272% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
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 | 8.0656 | −0.326% | $21K | $54K | — | as long as short |
| Kraken Futures PF_GMXUSD | +0.0194% | 1h | 8.0719 | −0.248% | $33K | $463 | 10x | as long as short |
| Lighter GMXlong | +0.0312% | 1h | 8.0920 | long leg | $77K | $90K | 5x | |
| Hyperliquid GMX | +0.0382% | 1h | 8.0904 | −0.020% | $899K | $149K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0686 | −0.289% | $396K | — | 100x | as long as short |
Variational Omni GMX
Kraken Futures PF_GMXUSD
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]