Funding you earn now, next payment 06:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.063%
Price spread now: Gate against Lighter−0.211%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 −$6 a day on $10k at the current rate, and Gate is 0.211% 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 -0.103% 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 | 7.9909 | 0.0288 | pay 0.0036% / 1h | 39m 33s | $76K | $89K | 5x |
| Short | Gate GMX_USDT | 7.9740 | 0.0100 | get 0.0100% / 8h | 2h 39m | $193K | $68K | 33x |
Lighter GMX
Gate GMX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$39.48
- Price spread: −0.211% → 0.000%
- −$21.15
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$75.63
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 4.39 bp | 338.9 bp −$339 | doesn't fit | 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 | 7.5400 | −5.643% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0045% | 1h | 7.9705 | −0.255% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9763 | −0.183% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9690 | −0.274% | $819K | $248K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9670 | −0.299% | $292K | $487K | 20x | as long as short |
| Gate GMX_USDTshort | +0.0100% | 8h | 7.9740 | −0.211% | $193K | $68K | 33x | |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9760 | −0.186% | $374K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9560 | −0.437% | $158K | $57K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9680 | −0.287% | $413K | $208K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9730 | −0.224% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
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 | +0.030% | $21K | $54K | — | as long as short |
| BloFin GMX-USDT | +0.0102% | 8h | 8.0060 | +0.189% | $108K | $25K | 50x | as long as short |
| Lighter GMXlong | +0.0288% | 1h | 7.9909 | long leg | $76K | $89K | 5x | |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 7.9727 | −0.228% | $391K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0419% | 1h | 7.9864 | −0.056% | $887K | $151K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX