Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.065%
Price spread now: KuCoin against Lighter−0.365%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−0.136%−$14 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 −$2 a day on $10k at the current rate, and KuCoin is 0.365% cheaper against Lighter than usual: you would sell low and buy high (−$36 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 | 8.0092 | 0.0176 | pay 0.0022% / 1h | 22m 38s | $76K | $89K | 5x |
| Short | KuCoin GMXUSDTM | 7.9800 | 0.0100 | get 0.0100% / 8h | 22m 38s | $160K | $57K | 30x |
Lighter GMX
KuCoin GMXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$15.96
- Price spread: −0.365% → 0.000%
- −$36.46
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$64.42
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago | 43.42 bp | 219.3 bp −$219 | 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 | 7.5300 | −5.983% | $4K | $3K | 5.5x | as long as short |
| BloFin GMX-USDT | +0.0078% | 8h | 7.9840 | −0.315% | $107K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9950 | −0.177% | $2.3M | $1.7M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9920 | −0.215% | $815K | $237K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9840 | −0.315% | $289K | $379K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9790 | −0.377% | $194K | $66K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9920 | −0.215% | $373K | $169K | 125x | as long as short |
| KuCoin GMXUSDTMshort | +0.0100% | 8h | 7.9800 | −0.365% | $160K | $57K | 30x | |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9910 | −0.227% | $411K | $186K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9860 | −0.290% | — | $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
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 | 7.9860 | −0.289% | $21K | $53K | — | as long as short |
| Lighter GMXlong | +0.0176% | 1h | 8.0092 | long leg | $76K | $89K | 5x | |
| Hyperliquid GMX | +0.0352% | 1h | 8.0065 | −0.034% | $887K | $135K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0425% | 1h | 7.9881 | −0.263% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0455% / S −0.0142% | 1h | 7.9881 | −0.264% | $392K | — | 100x | as long as short |
Variational Omni GMX
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]