Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

GMX

all GMX markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.009%
Price spread now: GMX against OKX+0.026%52s7-day average +0.120% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OKXShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.035%+$3 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.026%, 7d avg +0.120%
Together, before fees+0.096%+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.094% cheaper against OKX than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.120%). If the spread goes back, that is −$9 on $10k: about 7.5 days of funding at the current rate (+$1 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX GMX-USDT-SWAP8.04700.0100pay 0.0100% / 8h4h 26m$296K$493K20x
ShortGMX GMX/USD [GMX-USDC]8.0491L +0.0417% / S −0.0142%get 0.0018% / 1h26m 32s$395K—100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$8.75
Price spread: +0.026% → +0.120%
−$9.42
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$22.67
Costs to cover
0.220%
Break-even
25.1 days
Slippage unknown: OKX: live order book, 29 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 29 min ago3.72 bp39.3 bp −$399903.9 bp −$99.0Kdoesn't fitdoesn't fit
Sell GMX no order-book sample—————
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GMX/USDC PERP−0.5000%1h7.5900−5.679%$4K$4K5.5xas long as short
Binance GMXUSDT+0.0100%8h8.0536+0.082%$2.3M$1.9M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0480+0.012%$829K$246K20xas long as short
OKX GMX-USDT-SWAPlong+0.0100%8h8.0470long leg$296K$493K20x
Gate GMX_USDT+0.0100%8h8.0500+0.037%$198K$73K33xas long as short
MEXC GMX_USDT+0.0100%8h8.0560+0.112%$378K$178K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.0320−0.186%$160K$54K30xas long as short
Bitget GMXUSDT+0.0100%8h8.0500+0.037%$418K$207K50xas long as short
BingX GMX-USDT+0.0100%8h8.0620+0.186%—$2.3M—as long as short
Variational Omni GMX+0.0100%8h8.0656+0.231%$21K$54K—as long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin GMX-USDT+0.0122%8h8.0650+0.224%$109K$26K50xas long as short
Kraken Futures PF_GMXUSD+0.0194%1h8.0508+0.047%$33K$46310xas long as short
Lighter GMX+0.0312%1h8.0737+0.332%$77K$90K5xas long as short
Hyperliquid GMX+0.0371%1h8.0667+0.245%$896K$149K3xas long as short
GMX GMX/USD [GMX-USDC]shortL +0.0417% / S −0.0142%1h8.0491+0.026%$395K—100x