GMX Funding Rate — live across 11 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized GMX perpetual funding across all 11 venues Perpia tracks. Right now GMX funding is positive on 7 and negative on 4, ranging from +12.7% on GMTrade to -38.6% on Bybit — a spread of 51.3%. The widest delta-neutral trade is long Bybit / short GMTrade at 45.3% net APR.
GMX funding rate by venue
32 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| GMTrade | +12.7% | 1h |
| Hyperliquid | +10.9% | 1h |
| OKX | +10.9% | 8h |
| Bitget | +10.9% | 8h |
| Gate.io | +10.9% | 8h |
| KuCoin | +10.9% | 8h |
| BingX | +10.9% | 8h |
| Binance | -20.6% | 8h |
| MEXC | -20.9% | 8h |
| Variational | -34.4% | 8h |
| Bybit | -38.6% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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GMX funding — FAQ
Is GMX funding positive right now?
GMX perpetual funding is positive on 7 of 11 venues Perpia tracks and negative on 4. The highest is +12.7% on GMTrade; the lowest is -38.6% on Bybit.
What is the best GMX funding arbitrage right now?
Go long Bybit and short GMTrade for about 45.3% net APR after fees — the widest delta-neutral GMX spread Perpia currently sees.
Which exchange has the highest GMX funding rate?
GMTrade, at +12.7% annualized. Funding shifts continuously, so check the live table above before trading.
How GMX funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.