GMX Funding Rate — live across 10 venues

Compared across 10 supported venues · net of estimated fees · updated every few minutes

Live annualized GMX perpetual funding across all 10 venues Perpia tracks. Right now GMX funding is positive on 9 and negative on 0, ranging from +10.9% on Gate.io to +0.0% on GMTrade — a spread of 10.9%. The widest delta-neutral trade is long GMTrade / short Gate.io at 6.7% net APR.

venues

paying positive

10.9%

funding spread

Best GMX spread now

6.7%

net APR after fees

Long GMTrade→Short Gate.io

size depends on live venue depth — see the real cap in the scanner

GMX funding trend & liquidity

47h of history

10.9%

current gross APR

10.9%

24h average

9.8%

7-day average

$113K

pair OI · lower leg

$11K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

GMX funding rate history

30d · 6h buckets · 11 venues

203%0-108.1%

3 Aug2 Sep

GMX — average across 11 venuesHyperliquidBinanceBitgetKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +7.5%. A break in a line means no data was recorded for that stretch, not a zero rate.

GMX funding rate by venue

19 pairs scanned

Venue	Funding APR	Interval
Gate.io ↗	+10.9%	8h
OKX ↗	+10.9%	8h
Variational ↗	+10.9%	8h
Bitget ↗	+10.9%	8h
Bybit ↗	+10.9%	8h
Hyperliquid ↗	+10.9%	1h
BingX ↗	+10.9%	8h
MEXC ↗	+6.2%	8h
Binance ↗	+6.1%	8h
GMTrade ↗	+0.0%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the GMTrade vs Gate.io page.

GMX arbitrage — 30-day backtest

long GMTrade · short Gate.io

1.1%

backtested APR

+$9

historical net P&L on $10,000

0.32%

max drawdown

$10,000$10,009

30 days agostarting capital $10,000today

Over the last 30 days, holding long GMTrade / short Gate.io would have produced 1.1% APR — versus the 6.7% the live spread implies right now (equity $10,000 → $10,009). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading GMX backtest…

GMX funding — FAQ

Is GMX funding positive right now?

GMX perpetual funding is positive on 9 of 10 venues Perpia tracks. The highest is +10.9% on Gate.io; the lowest is +0.0% on GMTrade.

What is the best GMX funding arbitrage right now?

Go long GMTrade and short Gate.io for about 6.7% net APR after fees — the widest delta-neutral GMX spread Perpia currently sees.

Which exchange has the highest GMX funding rate?

Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How GMX funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to GMX

Markets also quoted on both Gate.io and GMTrade — the same two exchanges you would already have funded for the GMX trade.

See every spread between them on the Gate.io vs GMTrade page.

Open the live scanner →All funding rates Funding by exchange How we calculate this