Funding you earn now, next payment 02:00 UTC−0.0468%/8h= −51.2% APRpaid last 24h −0.047%
Price spread now: Bybit against Lighter−0.180%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−0.251%−$25 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 −$14 a day on $10k at the current rate, and Bybit is 0.180% cheaper against Lighter than usual: you would sell low and buy high (−$18 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 -0.251% in total (about -13.1% 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 | 8.0595 | 0.0568 | pay 0.0071% / 1h | 6m 29s | $76K | $92K | 5x |
| Short | Bybit GMXUSDT | 8.0450 | 0.0100 | get 0.0100% / 8h | 6h 06m | $840K | $252K | 20x |
Lighter GMX
Bybit GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$98.28
- Price spread: −0.180% → 0.000%
- −$17.99
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$127.27
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 58 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 Bybit live order book, 58 min ago | 6.77 bp | 56.5 bp −$57 | 188.8 bp −$1,888 | 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 14 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 | 7.5700 | −6.074% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0548% | 1h | 8.0386 | −0.260% | $33K | $569 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0459 | −0.169% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTshort | +0.0100% | 8h | 8.0450 | −0.180% | $840K | $252K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0400 | −0.242% | $296K | $516K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0500 | −0.118% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0460 | −0.168% | $378K | $181K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0580 | −0.019% | $182K | $31K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0330 | −0.329% | $404K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0420 | −0.217% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0521 | −0.092% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0141% | 1h | 8.0381 | −0.266% | $394K | — | 100x | as long as short |
| Lighter GMXlong | +0.0568% | 1h | 8.0595 | long leg | $76K | $92K | 5x | |
| Hyperliquid GMX | +0.0583% | 1h | 8.0516 | −0.098% | $902K | $158K | 3x | as long as short |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX