Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.009%
Price spread now: GMX against Variational Omni+0.075%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GMX is 0.075% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni GMX | 8.0841 | 0.0100 | pay 0.0100% / 8h | 28m 05s | $21K | $55K | — |
| Short | GMX GMX/USD [GMX-USDC] | 8.0901 | L +0.0416% / S −0.0141% | get 0.0018% / 1h | 28m 05s | $397K | — | 100x |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $8.62
- Price spread: +0.075% → 0.000%
- $7.46
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $4.08
- Costs to cover
- 0.120%
- Break-even
- 3.7 days
Slippage unknown: Variational Omni: no order-book sample; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Variational Omni and 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERP | −0.5000% | 1h | 7.6300 | −5.617% | $4K | $5K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.1107% | 1h | 8.0904 | +0.079% | $33K | $581 | 10x | as long as short |
| Lighter GMX | +0.0096% | 1h | 8.1040 | +0.247% | $77K | $93K | 5x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.0984 | +0.177% | $926K | $170K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0880 | +0.049% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0860 | +0.024% | $842K | $268K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0920 | +0.098% | $295K | $547K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0870 | +0.036% | $201K | $79K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0900 | +0.073% | $406K | $173K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1110 | +0.333% | $184K | $39K | 30x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Lighter GMX
Hyperliquid GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 8.0830 | −0.013% | $405K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0820 | −0.026% | — | $2.3M | — | as long as short |
| Variational Omni GMXlong | +0.0100% | 8h | 8.0841 | long leg | $21K | $55K | — | |
| BloFin GMX-USDT | +0.0117% | 8h | 8.0980 | +0.172% | $110K | $31K | 50x | as long as short |
| GMX GMX/USD [GMX-USDC]short | L +0.0416% / S −0.0141% | 1h | 8.0901 | +0.075% | $397K | — | 100x |
Bitget GMXUSDT
BingX GMX-USDT
BloFin GMX-USDT