GMX funding rates
GMX perpetual funding across 8 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 4.2%long Binance, short Hyperliquid · net −0.8%
- Highest funding now
- 10.9%HyHyperliquid
- Lowest funding now
- 7.0%BnBinanceCEX
- Listed on
- 8 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HyHyperliquid | GMX | 10.9% | 10.9% | 11.2% | 19.5% | 11.3% | 100% | 1h | — | 8.59 | $870k | $101k | HyHyperliquid | ||
| ByBybitCEX | GMXUSDT | 10.9% | 10.8% | 10.0% | 7.0% | 9.9% | 95% | 8h | 08:00 | 8.58 | $744k | $212k | ByBybit | ||
| BgBitgetCEX | GMXUSDT | 10.9% | 10.3% | 10.5% | 10.2% | 10.5% | 98% | 8h | 08:00 | 8.57 | $452k | $116k | BgBitget | ||
| GtGateCEX | GMX_USDT | 10.9% | 2.5% | 8.6% | 8.9% | 9.6% | 95% | 8h | 08:00 | 8.56 | $226k | $19k | GtGate | ||
| VaVariational | GMX | 10.9% | 10.9% | 10.6% | 9.2% | 10.6% | 99% | 8h | — | 8.57 | $74k | $24k | VaVariational | ||
| LiLighter | GMX | 10.5% | 10.4% | 10.2% | 17.9% | 10.2% | 99% | 1h | 05:00 | 8.54 | $77k | $116 | LiLighter | ||
| MxMEXCCEX | GMX_USDT | 7.6% | 6.3% | 7.4% | 8.8% | 7.6% | 89% | 8h | 08:00 | 8.57 | $411k | $134k | MxMEXC | ||
| BnBinanceCEX | GMXUSDT | 7.0% | 6.4% | 7.1% | 8.8% | 7.2% | 88% | 8h | 08:00 | 8.59 | $2.3M | $1.3M | BnBinance |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| MxMEXCCEX | VaVariational | 3.4% | 4.6% | 3.3% | 0.3% | 2.2% | 3.3% | 4.5d | weak | $74k | spread not incl. | MxVa | calc | |
| MxMEXCCEX | LiLighter | 3.0% | 4.0% | 2.8% | 9.0% | 1.8% | 2.7% | 5.1d | mixed | $77k | 8h/1h | MxLi | calc | |
| BnBinanceCEX | VaVariational | 4.0% | 4.6% | 3.5% | 0.4% | 0.9% | 1.3% | 10d | weak | $74k | spread not incl. | BnVa | calc | |
| MxMEXCCEX | HyHyperliquid | 3.4% | 4.6% | 3.8% | 10.7% | 0.4% | 0.7% | 12d | weak | $411k | 8h/1h | MxHy | calc | |
| LiLighter | VaVariational | 0.4% | 0.6% | 0.4% | −8.7% | 0.4% | 0.6% | <0.1d | weak | $74k | 1h/8hspread not incl. | LiVa | calc | |
| BnBinanceCEX | LiLighter | 3.5% | 4.0% | 3.1% | 9.1% | 0.5% | 0.7% | 12d | mixed | $77k | 8h/1h | BnLi | calc | |
| BnBinanceCEX | HyHyperliquid | 4.0% | 4.6% | 4.2% | 11.2% | −0.8% | −1.2% | 17d | weak | $870k | 8h/1h | BnHy | calc | |
| MxMEXCCEX | BgBitgetCEX | 3.4% | 3.9% | 3.1% | 1.3% | −1.1% | −1.6% | 19d | weak | $411k | MxBg | calc | ||
| MxMEXCCEX | ByBybitCEX | 3.4% | 4.5% | 2.6% | −1.8% | −1.3% | −1.9% | 21d | weak | $411k | MxBy | calc | ||
| LiLighter | HyHyperliquid | 0.4% | 0.6% | 1.0% | 1.6% | −1.4% | −2.0% | 33d | weak | $77k | LiHy | calc | ||
| VaVariational | HyHyperliquid | 0.0% | 0.0% | 0.6% | 10.3% | −1.8% | −2.7% | 57d | weak | $74k | 8h/1hspread not incl. | VaHy | calc | |
| GtGateCEX | VaVariational | 0.0% | 8.5% | 2.0% | 0.3% | −1.9% | −2.8% | 27d | weak | $74k | spread not incl. | GtVa | calc | |
| ByBybitCEX | VaVariational | 0.0% | 0.1% | 0.6% | 2.2% | −2.2% | −3.3% | 62d | weak | $74k | spread not incl. | ByVa | calc | |
| BnBinanceCEX | BgBitgetCEX | 4.0% | 3.9% | 3.3% | 1.3% | −2.4% | −3.6% | 24d | weak | $452k | BnBg | calc | ||
| BnBinanceCEX | ByBybitCEX | 4.0% | 4.4% | 2.7% | −1.9% | −2.7% | −4.1% | 28d | weak | $744k | BnBy | calc | ||
| LiLighter | BgBitgetCEX | 0.4% | −0.1% | 0.3% | −7.7% | −2.9% | −4.3% | 173d | weak | $77k | 1h/8h | LiBg | calc | |
| BgBitgetCEX | VaVariational | 0.0% | 0.7% | 0.2% | −1.0% | −3.0% | −4.4% | 261d | weak | $74k | spread not incl. | BgVa | calc | |
| LiLighter | ByBybitCEX | 0.4% | 0.5% | −0.2% | −10.9% | −3.1% | −4.6% | — | weak | $77k | 1h/8h | LiBy | calc | |
| BnBinanceCEX | MxMEXCCEX | 0.6% | −0.1% | 0.0% | 0.0% | −3.6% | −5.4% | >999d | weak | $411k | BnMx | calc | ||
| GtGateCEX | HyHyperliquid | 0.0% | 8.5% | 2.6% | 10.6% | −3.7% | −5.5% | 34d | weak | $226k | 8h/1h | GtHy | calc | |
| MxMEXCCEX | GtGateCEX | 3.4% | −3.9% | 1.2% | 0.1% | −3.7% | −5.6% | 56d | weak | $226k | MxGt | calc | ||
| ByBybitCEX | HyHyperliquid | 0.0% | 0.1% | 1.2% | 12.5% | −4.0% | −6.0% | 60d | weak | $744k | 8h/1h | ByHy | calc | |
| GtGateCEX | LiLighter | −0.4% | 7.9% | 1.6% | 9.0% | −2.3% | −3.5% | 34d | mixed | $77k | 8h/1h | GtLi | calc | |
| BgBitgetCEX | HyHyperliquid | 0.0% | 0.7% | 0.7% | 9.3% | −4.7% | −7.1% | 103d | weak | $452k | 8h/1h | BgHy | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 7.8% | 1.9% | 1.3% | −5.2% | −7.8% | 53d | weak | $226k | GtBg | calc | ||
| ByBybitCEX | LiLighter | −0.4% | −0.5% | 0.2% | 10.9% | −2.6% | −4.0% | 178d | mixed | $77k | 8h/1h | ByLi | calc | |
| BnBinanceCEX | GtGateCEX | 4.0% | −3.9% | 1.1% | 0.0% | −5.4% | −8.1% | 80d | weak | $226k | BnGt | calc | ||
| GtGateCEX | ByBybitCEX | 0.0% | 8.3% | 1.4% | −1.9% | −5.4% | −8.1% | 69d | weak | $226k | GtBy | calc | ||
| LiLighter | GtGateCEX | 0.4% | −7.9% | −1.6% | −9.0% | −5.5% | −8.3% | — | weak | $77k | 1h/8h | LiGt | calc | |
| ByBybitCEX | BgBitgetCEX | 0.0% | −0.5% | 0.5% | 3.1% | −5.5% | −8.3% | 175d | weak | $452k | ByBg | calc | ||
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 04:55 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
Indicative (mark or mid prices): buy on Lighter at 8.53895, sell on Hyperliquid at 8.5871: 0.562% before fees, 0.472% after taker fees.
| Buy ↓ · Sell → | HyHyperliquid8.5871 | BnBinance8.585 | ByBybit8.582 | MxMEXC8.574 | VaVariational8.57377 | BgBitget8.573 | GtGate8.563 | LiLighter8.53895 |
|---|---|---|---|---|---|---|---|---|
| LiLighter8.53895 | 0.562% | 0.538% | 0.503% | 0.410% | 0.407% | 0.398% | 0.281% | — |
| GtGate8.563 | 0.281% | 0.257% | 0.222% | 0.128% | 0.126% | 0.117% | — | −0.281% |
| BgBitget8.573 | 0.164% | 0.140% | 0.105% | 0.012% | 0.009% | — | −0.117% | −0.398% |
| VaVariational8.57377 | 0.155% | 0.131% | 0.096% | 0.003% | — | −0.009% | −0.126% | −0.407% |
| MxMEXC8.574 | 0.153% | 0.128% | 0.093% | — | −0.003% | −0.012% | −0.128% | −0.410% |
| ByBybit8.582 | 0.059% | 0.035% | — | −0.093% | −0.096% | −0.105% | −0.222% | −0.503% |
| BnBinance8.585 | 0.024% | — | −0.035% | −0.128% | −0.131% | −0.140% | −0.257% | −0.538% |
| HyHyperliquid8.5871 | — | −0.024% | −0.059% | −0.153% | −0.155% | −0.164% | −0.281% | −0.562% |
All quotes (8)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| BnBinanceCEX | 8.585 | 8.585 | mark | 7m | $1.3M | no FX |
| BgBitgetCEX | 8.573 | 8.573 | mark | 7m | $116k | no FX |
| ByBybitCEX | 8.582 | 8.582 | mark | 7m | $212k | no FX |
| GtGateCEX | 8.563 | 8.563 | mark | 7m | $19k | no FX |
| HyHyperliquid | 8.5871 | 8.5871 | mark | 2m | $101k | |
| LiLighter | 8.53895 | 8.53895 | mark | 2m | $116 | |
| MxMEXCCEX | 8.574 | 8.574 | mark | 2m | $134k | no FX |
| VaVariational | 8.57377 | 8.57377 | mark | 2m | $24k |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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