GMX funding rates and arbitrage

GMX perpetuals trade on 13 contracts across 13 venues, forming 78 cross-venue arbitrage pairs. By net APR the current best pair is long Coinbase against short BingX, netting +124.83%, though note the legs settle on different cadences (1h / 8h)。

GMX perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
LBank	GMXUSDT	USDT	8h	0.0097%	+10.67%	+8.74%	$3.2M	8.262
BingX	GMX-USDT	USDT	8h	0.0100%	+10.95%	+10.95%	$2.3M	8.255
Binance	GMXUSDT	USDT	8h	0.0097%	+10.67%	+8.74%	$1.8M	8.263
WhiteBIT	GMX_PERP	USDT	8h	0.0100%	+10.95%	+10.95%	$632K	8.263
Bybit	GMXUSDT	USDT	8h	0.0100%	+10.95%	+7.57%	$208K	8.263
OKX	GMX-USDT-SWAP	USDT	8h	0.0100%	+10.95%	+10.03%	$200K	8.248
Hyperliquid	GMX	USDC	1h	0.0013%	+10.95%	+10.95%	$167K	8.268
MEXC	GMX_USDT	USDT	8h	0.0094%	+10.29%	+8.76%	$140K	8.262
Bitget	GMXUSDT	USDT	8h	0.0100%	+10.95%	+10.95%	$73K	8.256
KuCoin	GMXUSDTM	USDT	8h	0.0100%	+10.95%	+10.95%	$23K	8.256
Gate	GMX_USDT	USDT	8h	0.0100%	+10.95%	+10.95%	$19K	8.247
Lighter	GMX	USDC	1h	0.0012%	+10.51%	+10.51%	$138	8.232
Coinbase	GMX-PERP	USDC	1h	-0.0130%	-113.88%	-113.88%	$39	6.761

GMX cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Coinbase USDC	BingX USDT	+124.83%	0.3420%	+124.83%	1h / 8h	$39
Coinbase USDC	Bitget USDT	+124.83%	0.3420%	+124.83%	1h / 8h	$39
Coinbase USDC	Bybit USDT	+124.83%	0.3420%	+121.45%	1h / 8h	$39
Coinbase USDC	Gate USDT	+124.83%	0.3420%	+124.83%	1h / 8h	$39
Coinbase USDC	Hyperliquid USDC	+124.83%	0.3420%	+124.83%	1h matched	$39
Coinbase USDC	KuCoin USDT	+124.83%	0.3420%	+124.83%	1h / 8h	$39
Coinbase USDC	OKX USDT	+124.83%	0.3420%	+123.91%	1h / 8h	$39
Coinbase USDC	WhiteBIT USDT	+124.83%	0.3420%	+124.83%	1h / 8h	$39
Coinbase USDC	Binance USDT	+124.55%	0.3412%	+122.62%	1h / 8h	$39
Coinbase USDC	LBank USDT	+124.55%	0.3412%	+122.62%	1h / 8h	$39
Coinbase USDC	Lighter USDC	+124.39%	0.3408%	+124.39%	1h matched	$39
Coinbase USDC	MEXC USDT	+124.17%	0.3402%	+122.64%	1h / 8h	$39

GMX project profile

Website Whitepaper GitHub X (Twitter)Telegram Discord

Key facts

Total: 10.68M
Max supply: 13.25M
Type: Token
Market cap rank: #297

Decentralized Finance (DeFi)DerivativesPerpetualsAvalanche EcosystemArbitrum Ecosystem

Contract addresses

arbitrum0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a

avalanche0x62edc0692bd897d2295872a9ffcac5425011c661

Block explorers

arbiscan.io intel.arkm.com snowtrace.io arbitrum.dex.guru snowtrace.io avascan.info

About

GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet. The DEX is live on Arbitrum, Avalanche, and Solana, and in the process of enabling multichain access from all popular EVM blockchains. Trading on GMX is facilitated by isolated GM pools and capital-efficient GLV vaults, enabling anyone to provide liquidity and earn fees.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

GRT+90.7%HOME+75.0%IO+732.8%KAT+54.1%KORU+20.4%LPT+201.9%MANA+38.9%MELANIA+143.5%MEME+150.9%MET+75.6%MINA+474.5%MOVE+44.0%

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