GMX Funding Rate History
GMX perpetual futures funding ranges from 0.70 bps on BINGX to 3.10 bps on KUCOIN across 12 reporting venues, a spread of 2.40 bps. The most extreme rate (33.95% APY annualized) is on KUCOIN. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on GMX price.
GMX Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 3.10 bps | 33.95% APY | -1.30 bps | $49.82K |
| BINANCE | 1.00 bps | 10.95% APY | 0.60 bps | $1.61M |
| OKX | 1.00 bps | 10.95% APY | 0.80 bps | $351.33K |
| BYBIT | 1.00 bps | 10.95% APY | -0.20 bps | $243.38K |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 1.00 bps | $140.63K |
| PHEMEX | 1.00 bps | 10.95% APY | 0.60 bps | $117.24K |
| BITGET | 1.00 bps | 10.95% APY | 0.70 bps | $99.64K |
| MEXC | 1.00 bps | 10.95% APY | 0.60 bps | $95.19K |
| LIGHTER | 1.00 bps | 10.95% APY | 0.90 bps | $10.05K |
| VARIATIONAL | 1.00 bps | 10.95% APY | -0.10 bps | $9.62K |
| GATEIO | 0.90 bps | 9.86% APY | -0.60 bps | $37.36K |
| BINGX | 0.70 bps | 7.66% APY | 0.90 bps | $2.04M |
Last updated 2026-05-31T19:48:22.889609Z (UTC).
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Related: GMX open interest, GMX volume, GMX perp market data.