Funding you earn now, next payment 07:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.066%
Price spread now: OKX against Lighter−0.233%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−0.180%−$18 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 −$9 a day on $10k at the current rate, and OKX is 0.233% cheaper against Lighter than usual: you would sell low and buy high (−$23 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 -0.180% in total (about -9.4% 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 | 8.0287 | 0.0392 | pay 0.0049% / 1h | 6m 39s | $76K | $89K | 5x |
| Short | OKX GMX-USDT-SWAP | 8.0100 | 0.0100 | get 0.0100% / 8h | 1h 06m | $292K | $411K | 20x |
Lighter GMX
OKX GMX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$61.32
- Price spread: −0.233% → 0.000%
- −$23.29
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$94.61
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; OKX: live order book, 34 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 OKX live order book, 34 min ago | 6.90 bp | 34.5 bp −$35 | 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 | 7.5200 | −6.336% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0471% | 1h | 8.0077 | −0.262% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0170 | −0.146% | $2.3M | $1.8M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0070 | −0.270% | $819K | $242K | 20x | as long as short |
| OKX GMX-USDT-SWAPshort | +0.0100% | 8h | 8.0100 | −0.233% | $292K | $411K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 7.9930 | −0.445% | $194K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0160 | −0.158% | $377K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9980 | −0.382% | $160K | $57K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0120 | −0.208% | $414K | $190K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0080 | −0.258% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
Gate GMX_USDT
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 | 7.9895 | −0.488% | $21K | $53K | — | as long as short |
| BloFin GMX-USDT | +0.0120% | 8h | 7.9970 | −0.395% | $107K | $26K | 50x | as long as short |
| Lighter GMXlong | +0.0392% | 1h | 8.0287 | long leg | $76K | $89K | 5x | |
| GMX GMX/USD [GMX-USDC] | L +0.0457% / S −0.0142% | 1h | 8.0036 | −0.313% | $392K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0575% | 1h | 8.0238 | −0.061% | $889K | $142K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX