Funding you earn now, next payment 05:00 UTC−0.0338%/8h= −37.0% APRnext payment −$0.42 per $10,000 · paid last 24h −0.050%
Price spread now: GMX against Lighter−0.328%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+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 GMX is 0.328% cheaper against Lighter than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GMX | 8.0684 | 0.0480 | pay 0.0060% / 1h | 31m 07s | $77K | $89K | 5x |
| Short | GMX GMX/USD [GMX-USDC] | 8.0420 | L +0.0417% / S −0.0142% | get 0.0018% / 1h | 31m 07s | $394K | — | 100x |
Lighter GMX
GMX GMX/USD [GMX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$71
- Price spread: −0.328% → 0.000%
- −$32.75
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$115.75
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample | — | — | — | — | — |
Lighter and GMX: 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 | 7.5700 | −6.177% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0262% | 1h | 8.0452 | −0.287% | $33K | $463 | 10x | as long as short |
| BloFin GMX-USDT | +0.0089% | 8h | 8.0500 | −0.228% | $109K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0511 | −0.215% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0480 | −0.253% | $826K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0440 | −0.302% | $296K | $492K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0380 | −0.377% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0560 | −0.154% | $377K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0190 | −0.612% | $159K | $55K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0580 | −0.129% | $418K | $208K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0470 | −0.265% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0431 | −0.314% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC]short | L +0.0417% / S −0.0142% | 1h | 8.0420 | −0.328% | $394K | — | 100x | |
| Lighter GMXlong | +0.0480% | 1h | 8.0684 | long leg | $77K | $89K | 5x | |
| Hyperliquid GMX | +0.0632% | 1h | 8.0650 | −0.042% | $895K | $150K | 3x | as long as short |
BingX GMX-USDT
Variational Omni GMX
Hyperliquid GMX