GMX Funding Rate History
GMX perpetual futures funding ranges from -1.70 bps on PHEMEX to 1.00 bps on BINGX across 12 reporting venues, a spread of 2.70 bps. The most extreme rate (-18.61% APY annualized) is on PHEMEX. Currently funding signs are mixed: 11 positive, 1 negative.
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 |
|---|---|---|---|---|
| PHEMEX | -1.70 bps | -18.61% APY | 0.10 bps | $40.51K |
| BINGX | 1.00 bps | 10.95% APY | 0.60 bps | $2.28M |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 1.00 bps | $201.07K |
| OKX | 1.00 bps | 10.95% APY | 0.80 bps | $125.83K |
| BITGET | 1.00 bps | 10.95% APY | 0.50 bps | $37.63K |
| KUCOIN | 1.00 bps | 10.95% APY | -0.80 bps | $26.66K |
| GATEIO | 1.00 bps | 10.95% APY | 0.80 bps | $6.97K |
| LIGHTER | 1.00 bps | 10.95% APY | 0.90 bps | $649.81 |
| BINANCE | 0.40 bps | 4.38% APY | 0.30 bps | $527.02K |
| MEXC | 0.40 bps | 4.38% APY | 0.30 bps | $112.75K |
| BYBIT | 0.10 bps | 1.09% APY | 0.20 bps | $115.85K |
| VARIATIONAL | 0.10 bps | 1.09% APY | 0.20 bps | $132.33 |
Last updated 2026-07-16T05:51:25Z (UTC).
Loading GMX funding history...
Related: GMX open interest, GMX volume, GMX perp market data.