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GMX — funding rate on Bybit
Bybit · GMXUSDT-0.039%per 8h · -0.005%/hlongs receive
last settlement-0.001%→upcoming payout-0.039%• unchanged
4:20:46settlement
0calmheat
Price (mark)
8.172
+3.2% 24h
Vol 24h
$151K
Open interest
$781K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.98 · $0.12/hour
- Net snipe per settlement
- $-3.02 = 0.039% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.24×needs 0.160%+ per settlement
- Liquidation price
- 6.5785 (−19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 270 settlements
GMX on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.039% / 8h | -0.005%/h | longs | -0.121% |
| Hyperliquid | +0.002% / 1h | +0.002%/h | shorts | -0.158% |
| Binance | +0.010% / 8h | +0.001%/h | shorts | -0.150% |
| Bitget | +0.010% / 8h | +0.001%/h | shorts | -0.150% |
Bybit← you are here-0.005%/h
longsrate -0.039% / 8hsnipe -0.121%
Hyperliquid+0.002%/h
shortsrate +0.002% / 1hsnipe -0.158%
Binance+0.001%/h
shortsrate +0.010% / 8hsnipe -0.150%
Bitget+0.001%/h
shortsrate +0.010% / 8hsnipe -0.150%
Max spread across exchanges: +0.007%/h
GMX across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Hyperliquidevery 1hBinanceevery 8hBitgetevery 8hBybitevery 8hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0014%/h
widest spread
0.0153%/h
22.09 22:00 UTC · Hyperliquid ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.