Live position costs
GMX funding rates
Current long and short funding APR, hourly estimates, borrowing rates and open interest from the official GMX markets API.
Current rates by market
| Market | Network | Open interest | Long funding | Short funding | Borrow APR L / S |
|---|---|---|---|---|---|
| BTCBTC/USD [WBTC.b-USDC] | Arbitrum | $25.26M | +16.88%+0.00193%/h · pays | -20.16%-0.00230%/h · receives | +8.13% / +0.00% |
| ETHETH/USD [ETH-USDC] | Arbitrum | $18.37M | +17.28%+0.00197%/h · pays | -20.35%-0.00232%/h · receives | +7.65% / +0.00% |
| SOLSOL/USD [SOL-USDC] | Arbitrum | $2.09M | +15.43%+0.00176%/h · pays | -14.98%-0.00171%/h · receives | +0.00% / +8.66% |
| LINKLINK/USD [LINK-USDC] | Arbitrum | $1.6M | +15.05%+0.00172%/h · pays | -15.55%-0.00178%/h · receives | +6.63% / +0.00% |
| HYPEHYPE/USD [WBTC.b-USDC] | Arbitrum | $785.11K | +15.63%+0.00178%/h · pays | -15.75%-0.00180%/h · receives | +10.64% / +0.00% |
| SPCXSPCX/USD [ETH-USDC] | Arbitrum | $492.83K | -30.38%-0.00347%/h · receives | +16.77%+0.00191%/h · pays | +0.00% / +35.46% |
| AVAXAVAX/USD [AVAX-USDC] | Avalanche | $489.84K | +39.80%+0.00454%/h · pays | -37.83%-0.00432%/h · receives | +0.00% / +7.31% |
| UNIUNI/USD [UNI-USDC] | Arbitrum | $457.18K | +18.66%+0.00213%/h · pays | -29.20%-0.00333%/h · receives | +25.65% / +0.00% |
| XRPXRP/USD [ETH-USDC] | Arbitrum | $445.04K | +16.32%+0.00186%/h · pays | -18.35%-0.00209%/h · receives | +5.37% / +0.00% |
| TAOTAO/USD [WBTC.b-USDC] | Arbitrum | $428.91K | +15.52%+0.00177%/h · pays | -15.54%-0.00177%/h · receives | +20.26% / +0.00% |
| ARBARB/USD [ARB-USDC] | Arbitrum | $418.98K | +19.68%+0.00225%/h · pays | -22.63%-0.00258%/h · receives | +16.80% / +0.00% |
| BTCBTC/USD [BTC-USDC] | Avalanche | $411.25K | -40.55%-0.00463%/h · receives | +40.31%+0.00460%/h · pays | +0.00% / +16.69% |
| GOLDGOLD/USD [ETH-USDC] | Arbitrum | $398.96K | +16.78%+0.00192%/h · pays | -22.79%-0.00260%/h · receives | +46.93% / +0.00% |
| DOGEDOGE/USD [ETH-USDC] | Arbitrum | $345.96K | +19.58%+0.00224%/h · pays | -35.69%-0.00407%/h · receives | +12.00% / +0.00% |
| CRVCRV/USD [ETH-USDC] | Arbitrum | $327.79K | +20.55%+0.00235%/h · pays | -23.09%-0.00264%/h · receives | +38.73% / +0.00% |
| GMXGMX/USD [GMX-USDC] | Arbitrum | $294.41K | +16.65%+0.00190%/h · pays | -17.08%-0.00195%/h · receives | +26.86% / +0.00% |
| VVVVVV/USD [ETH-USDC] | Arbitrum | $293.69K | +20.22%+0.00231%/h · pays | -19.41%-0.00222%/h · receives | +0.00% / +17.05% |
| SUISUI/USD [ETH-USDC] | Arbitrum | $274.22K | +14.60%+0.00167%/h · pays | -14.61%-0.00167%/h · receives | +6.16% / +0.00% |
| LITLIT/USD [ETH-USDC] | Arbitrum | $238.92K | +19.38%+0.00221%/h · pays | -24.16%-0.00276%/h · receives | +25.90% / +0.00% |
| AVAXAVAX/USD [AVAX-USDC] | Arbitrum | $218.03K | +20.95%+0.00239%/h · pays | -50.11%-0.00572%/h · receives | +36.71% / +0.00% |
| BNBBNB/USD [WBTC.b-USDC] | Arbitrum | $214.33K | +23.63%+0.00270%/h · pays | -28.15%-0.00321%/h · receives | +36.73% / +0.00% |
| ARAR/USD [WBTC.b-USDC] | Arbitrum | $209.65K | +18.51%+0.00211%/h · pays | -20.28%-0.00232%/h · receives | +21.19% / +0.00% |
| ETHETH/USD [ETH-USDC] | Avalanche | $197.87K | -25.16%-0.00287%/h · receives | +10.42%+0.00119%/h · pays | +0.00% / +17.54% |
| WLFIWLFI/USD [ETH-USDC] | Arbitrum | $194.8K | +33.19%+0.00379%/h · pays | -20.52%-0.00234%/h · receives | +0.00% / +33.45% |
How GMX funding works
Funding transfers value between long and short positions as open interest becomes imbalanced. GMX V2 uses an adaptive model, so the rate can build or decline over time instead of jumping to a single static value.
A positive long value means longs pay under the documented convention. A negative long value means longs receive. Long and short published values can differ because claim factors and collateral accounting are not always perfectly symmetric.
APR and hourly conversion
markets/info publishes annualized fixed-point rate strings scaled by 1e30. We divide the raw value by 1e30 and multiply by 100 for APR percent. The hourly estimate divides the annual fraction by 8,760 first.
The hourly figure assumes the current annualized rate remained unchanged. It is useful for scale, not a forecast of the final charge. A live position accrues against changing market conditions.
Funding is not borrowing
Borrowing compensates the liquidity side of the market and is displayed separately. GMX currently charges borrowing only to the side with larger open interest. A position can therefore face funding, borrowing, position fees, price impact and possible swap costs.
Estimate the complete round trip with our GMX fee guide, and use the referral savings calculator only for the eligible position-fee component.
Market-selection methodology
One symbol can have multiple collateral pools. For a compact market view, we select the listed pool with the greatest combined long and short open interest for each network and base symbol. Markets below 100,000 dollars in combined open interest are excluded.
We do not filter by volume. Open interest selects the representative pool; volume is a separate activity measure. Network and full market names remain visible so readers can distinguish collateral structures.
Primary source
Values come from GMX's official markets/info endpoints for Arbitrum, Avalanche and MegaETH. GMX documents that endpoint as a near-live snapshot and the rates endpoint as hourly history. Review the official markets API documentation and our GMX API guide before using the numbers in software.
Frequently asked questions
How often do GMX funding rates update here?
The page uses the official near-live markets/info endpoint and refreshes in the browser every 60 seconds. The displayed source can still be cached upstream, so it is not a transaction quote.
What does a positive GMX long funding rate mean?
Under the documented sign convention, a positive long funding rate means the long side pays. A negative value means that side receives.
How is the hourly GMX funding rate calculated?
The raw annualized fraction is divided by 8,760 hours and multiplied by 100. This is a display estimate; the actual rate can change throughout the holding period.
Is borrowing included in funding?
No. Borrowing is a separate GMX position cost. The table displays long and short borrow APR separately from funding.
Why is only one pool shown per base asset and network?
GMX can have several collateral pools for one base asset. We select the listed pool with the greatest combined long and short open interest, then require at least 100,000 dollars of open interest.