Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX0.000%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1891.892% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now 0.000%, 7d avg +0.080%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.080% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GMX-USDT-SWAP | 8.0400 | 0.0100 | pay 0.0100% / 8h | 6h 05m | $296K | $516K | 20x |
| Short | Bybit GMXUSDT | 8.0400 | 0.0100 | get 0.0100% / 8h | 6h 05m | $839K | $252K | 20x |
OKX GMX-USDT-SWAP
Bybit GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: 0.000% → +0.080%
- −$8.02
- Slippage, 4 orders
- −$168.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$197.19
- Costs to cover
- 1.892%
- Break-even
- never at this rate
Slippage from OKX: live order book, 60 min ago; Bybit: live order book, 59 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, 60 min ago | 7.39 bp | 39.1 bp −$39 | 8197.2 bp −$82.0K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 59 min ago | 6.77 bp | 56.5 bp −$57 | 188.8 bp −$1,888 | doesn't fit | doesn't fit |
GMX on 14 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 | −5.846% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0548% | 1h | 8.0421 | +0.026% | $33K | $569 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0420 | +0.025% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDTshort | +0.0100% | 8h | 8.0400 | 0.000% | $839K | $252K | 20x | |
| OKX GMX-USDT-SWAPlong | +0.0100% | 8h | 8.0400 | long leg | $296K | $516K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 8.0500 | +0.124% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0400 | 0.000% | $378K | $181K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0540 | +0.174% | $181K | $31K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0330 | −0.087% | $404K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0400 | 0.000% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0431 | +0.038% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0141% | 1h | 8.0381 | −0.024% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0576% | 1h | 8.0586 | +0.231% | $76K | $92K | 5x | as long as short |
| Hyperliquid GMX | +0.0577% | 1h | 8.0538 | +0.172% | $902K | $158K | 3x | as long as short |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX