Funding you earn now, next payment 04:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.050%
Price spread now: BloFin against Lighter−0.064%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−0.108%−$11 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 BloFin is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 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 -0.108% in total (about -5.6% 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 | 8.0702 | 0.0320 | pay 0.0040% / 1h | 25m 16s | $77K | $90K | 5x |
| Short | BloFin GMX-USDT | 8.0650 | 0.0106 | get 0.0106% / 8h | 4h 25m | $109K | $26K | 50x |
Lighter GMX
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$44.87
- Price spread: −0.064% → 0.000%
- −$6.44
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$63.31
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 66 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 BloFin live order book, 66 min ago | 6.19 bp | 27.5 bp −$28 | 78.1 bp −$781 | 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 | 7.5800 | −6.074% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0563 | −0.172% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0490 | −0.263% | $829K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0470 | −0.287% | $296K | $493K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0400 | −0.374% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0540 | −0.201% | $378K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0420 | −0.349% | $160K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0500 | −0.250% | $418K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0480 | −0.275% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0470 | −0.287% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDTshort | +0.0106% | 8h | 8.0650 | −0.064% | $109K | $26K | 50x | |
| Kraken Futures PF_GMXUSD | +0.0194% | 1h | 8.0493 | −0.259% | $33K | $463 | 10x | as long as short |
| Lighter GMXlong | +0.0320% | 1h | 8.0702 | long leg | $77K | $90K | 5x | |
| Hyperliquid GMX | +0.0376% | 1h | 8.0670 | −0.040% | $896K | $149K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0488 | −0.265% | $395K | — | 100x | as long as short |
Kraken Futures PF_GMXUSD
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]