ArbiLayer

GMX arbitrage

live

Live GMX price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.16%Gate → KuCoin · Perp–Perp
Best perp–perp spread+0.32%Gate → KuCoin
Markets tracked169 venues · 9 perp · 7 spot · 0 DEX
Price range0.42%$8.22 – $8.25

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$8.22KuCoin logoKuCoin$8.24 +0.32%+0.16% +0.32%— 0.000%— LS Chart →
Gate logoGate$8.22Hyperliquid logoHyperliquid$8.24 +0.26%+0.10% +0.25%— 0.000%+0.83% LS Chart →
Gate logoGate$8.22Bybit logoBybit$8.24 +0.24%+0.08% +0.24%— 0.000%— LS Chart →
Gate logoGate$8.22Bitget logoBitget$8.23 +0.21%+0.05% +0.21%— 0.000%-0.02% LS Chart →
Gate logoGate$8.22Binance logoBinance$8.23 +0.18%+0.02% +0.18%— 0.000%— LS Chart →
Gate logoGate$8.22OKX logoOKX$8.23 +0.18%+0.02% +0.18%— 0.000%— LS Chart →
Gate logoGate$8.22MEXC logoMEXC$8.23 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
Binance logoBinance$8.23KuCoin logoKuCoin$8.24 +0.12%-0.04% +0.12%— 0.000%— LS Chart →
MEXC logoMEXC$8.23KuCoin logoKuCoin$8.24 +0.12%-0.04% +0.12%— 0.000%— LS Chart →
Variational logoVariational$8.23KuCoin logoKuCoin$8.24 +0.11%-0.05% +0.11%— +0.000%— LS Chart →
Binance logoBinance$8.23Hyperliquid logoHyperliquid$8.24 +0.07%-0.09% +0.06%— 0.000%— LS Chart →
MEXC logoMEXC$8.23Hyperliquid logoHyperliquid$8.24 +0.07%-0.09% +0.06%— 0.000%— LS Chart →
Variational logoVariational$8.23Hyperliquid logoHyperliquid$8.24 +0.06%-0.10% +0.05%— +0.000%— LS Chart →
Binance logoBinance$8.23Bybit logoBybit$8.24 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
MEXC logoMEXC$8.23Bybit logoBybit$8.24 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

GMX price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · GMXUSDTPerpetual $8.24$8.24$8.24+0.06% +0.030%$921.6K
Bybit logoBybitSpot · GMXUSDTSpot $8.24$8.25$8.25+0.12% —$678.3K
OKX logoOKXPerpetual · GMX-USDT-SWAPPerpetual $8.23$8.24$8.24+0.00% +0.030%$637.8K
Gate logoGatePerpetual · GMX_USDTPerpetual $8.21$8.22$8.22-0.24% +0.030%$574.7K
Bitget logoBitgetPerpetual · GMXUSDTPerpetual $8.23$8.25$8.24+0.06% +0.030%$358.5K
Hyperliquid logoHyperliquidPerpetual · GMXPerpetual $8.24$8.26$8.25+0.18% +0.030%$356.6K
KuCoin logoKuCoinPerpetual · GMXUSDTMPerpetual $8.24$8.25$8.25+0.14% +0.030%$294.4K
MEXC logoMEXCPerpetual · GMX_USDTPerpetual $8.23$8.23$8.23-0.04% +0.030%$260.2K
OKX logoOKXSpot · GMX-USDTSpot $8.24$8.25$8.25+0.12% —$135.7K
Bitget logoBitgetSpot · GMXUSDTSpot $8.24$8.25$8.24+0.08% —$44.4K
KuCoin logoKuCoinSpot · GMX-USDTSpot $8.19$8.24$8.22-0.25% —$16.5K
Gate logoGateSpot · GMX_USDTSpot $8.21$8.22$8.22-0.23% —$13.3K
Variational logoVariationalPerpetual · GMXPerpetual $8.22$8.23$8.23-0.12% +0.030%$4.3K
Binance logoBinancePerpetual · GMXUSDTPerpetual $8.23$8.23$8.23-0.03% +0.030%—
Binance logoBinanceSpot · GMXUSDTSpot $8.23$8.24$8.24-0.00% ——
MEXC logoMEXCSpot · GMXUSDTSpot $8.23$8.24$8.23-0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

GMX arbitrage explained

Right now GMX trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $8.22 and the highest bid on KuCoin perp at $8.24.

The widest GMX perpetual spread is between Gate and KuCoin: long GMX on Gate at $8.22 and short on KuCoin at $8.24 for +0.32% gross, or +0.16% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best GMX route is to buy spot on Gate and short the perpetual on KuCoin: +0.23% gross, +0.03% net, with +0.030% a day of funding on the short leg.

Spot–spot GMX arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows +0.18% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small GMX gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: GMX funding rates · GMX spread charts · GMX price · arbitrage scanner for all coins.

Is there a GMX arbitrage opportunity right now?

The best GMX route right now is to buy on Gate → sell on KuCoin (Perp–Perp): +0.32% gross and +0.16% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest GMX?

Gate (perp) has the lowest GMX ask at $8.22, and KuCoin (perp) the highest bid at $8.24. Prices update every 15 seconds on this page.

How many exchanges list GMX?

ArbiLayer tracks 16 GMX markets on 9 venues: 9 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage GMX without transferring coins?

Use two perpetual contracts: go long GMX on the cheaper exchange (Gate now) and short it on the more expensive one (KuCoin), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +19.09%BLAST +11.54%ONE +7.70%BDX +7.63%ESPORTS +6.10%OPENAI +5.58%SPCX +3.54%AI +3.39%FLYBRAIN +3.37%ANTHROPIC +3.33%EGLD +3.31%ZIL +3.06%CATE +2.74%OURA +2.71%ZCAT +2.70%APPSTOCK +2.22%LUNA +1.97%SWARM +1.91%