Funding you earn now, next payment 16:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against OKX+0.137%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.137%, 7d avg +0.097%
=The price spread pays, funding is against you. BloFin is 0.040% dearer against OKX than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.097%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GMX-USDT-SWAP | 8.0500 | 0.0100 | pay 0.0100% / 8h | 4h 11m | $290K | $289K | 20x |
| Short | BloFin GMX-USDT | 8.0610 | 0.0090 | get 0.0090% / 8h | 4h 11m | $107K | $25K | 50x |
OKX GMX-USDT-SWAP
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- −$2.09
- Price spread: +0.137% → +0.097%
- $3.95
- Slippage, 4 orders
- −$88.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$108.36
- Costs to cover
- 1.102%
- Break-even
- never at this rate
Slippage from OKX: live order book, 27 min ago; BloFin: live order book, 9 min ago.
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 OKX live order book, 27 min ago | 4.99 bp | 35.5 bp −$35 | 7810.2 bp −$78.1K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 3.11 bp | 21.6 bp −$22 | 64.1 bp −$641 | doesn't fit | doesn't fit |
GMX on 15 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMXUSD | −0.1041% | 1h | 8.0576 | +0.094% | $33K | $398 | 10x | as long as short |
| Injective GMX/USDC PERP | +0.0033% | 1h | 7.5200 | −6.584% | $4K | $3K | 5.5x | as long as short |
| BloFin GMX-USDTshort | +0.0090% | 8h | 8.0610 | +0.137% | $107K | $25K | 50x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.0650 | +0.186% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0570 | +0.087% | $824K | $208K | 20x | as long as short |
| OKX GMX-USDT-SWAPlong | +0.0100% | 8h | 8.0500 | long leg | $290K | $289K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 8.0470 | −0.037% | $193K | $62K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0660 | +0.199% | $375K | $139K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0480 | −0.025% | $165K | $43K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0580 | +0.099% | $408K | $160K | 50x | as long as short |
Kraken Futures PF_GMXUSD
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0550 | +0.062% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0472 | −0.035% | $21K | $48K | — | as long as short |
| Lighter GMX | +0.0128% | 1h | 8.0942 | +0.549% | $77K | $78K | 5x | as long as short |
| Hyperliquid GMX | +0.0312% | 1h | 8.0779 | +0.347% | $896K | $114K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0547% / S −0.0176% | 1h | 8.0602 | +0.127% | $454K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
Lighter GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]