GMX arbitrage
GMX on 22 exchanges spot and 18 in futures: live routes, past spreads and how long they last.
Prices at · open routes a minute older; real time in the scanners on paid plans · How we count
- Price
- $8.3548
- 24h volume
- $11.8M
- Exchanges
- 26
- 22 spot · 18 futures
- Routes now
- 4
- 0 take · 4 risky
- Gaps in 7 days
- 1,940
- 455 over a minute
GMX right now
GMX is cheapest on HTX ($8.33) and dearest on WEEX ($8.36): 0.36% apart across 17 exchanges with a liquid spot market, before fees.
4 routes in profit after fees are worth a look ("take" or "risky"); the best: MEXC → Hyperliquid, 0.13%.
Over 7 days a spread in profit opened 1,940 times, and 455 of them lasted a minute or longer; one usually closed within 5.9 s.
Funding per 8 hours runs from 0.0100% on Bybit to 0.0260% on DigiFinex, across 13 exchanges (outliers, markets under $50k a day and exchanges publishing no volume left out).
GMX arbitrage opportunities now
Spot and futures, no transfer
| Long | Short | Spread | Size at best price | Verdict |
|---|---|---|---|---|
| Gate perp | MEXC | 0.125% | — | Risky |
| MEXC perp | Hyperliquid | 0.118% | — | Risky |
| Gate perp | Hyperliquid | 0.335% | $1.75 | Avoid |
| BingX perp | Hyperliquid | 0.106% | $14 | Avoid |
| Gate perp | Binance | 0.077% | $1.75 | Avoid |
| OKX perp | Hyperliquid | 0.082% | $1.67 | Avoid |
| Gate perp | Toobit | 0.065% | $1.75 | Avoid |
| Gate perp | BloFin | 0.057% | $1.75 | Avoid |
| Toobit perp | Hyperliquid | 0.058% | $14 | Avoid |
| Gate perp | XT | 0.032% | $1.75 | Avoid |
| Gate perp | WEEX | 0.029% | $1.75 | Avoid |
| Binance perp | Hyperliquid | 0.034% | $14 | Avoid |
| Gate perp | BingX | 0.016% | $1.75 | Avoid |
| XT perp | Hyperliquid | 0.014% | $14 | Avoid |
| Bitget perp | Hyperliquid | 0.002% | $14 | Avoid |
GMX arbitrage strategy
No GMX route worth taking with an open transfer right now. Gaps of a minute or longer open several times a week, though — here is how to catch the next one:
- Watch HTX → MEXC: the spread opened there 26 times in 7 days, 3 of them for a minute or longer; it usually lasts 6.0 s.
- The transfer is ready: GMX moves from HTX to MEXC on ARB, withdrawal fee 0.2919 GMX. Keep USDT on HTX and GMX on MEXC so you do not wait for it.
- Set an alert on the route: you hear when the spread pays after fees. Then buy on HTX and sell on MEXC.
GMX price on every exchange
Refreshed every 10 seconds. The best buy and sell prices are highlighted.
Spot · 22
| Exchange | Bid | Ask | Book spread | 24h volume |
|---|---|---|---|---|
| BinanceGMX/USDT | 8.3500 | 8.3600 | 0.12% | $668.2K |
| TokocryptoGMX/USDT | 8.3500 | 8.3600 | 0.12% | $668.2K |
| BybitGMX/USDT | 8.3480 | 8.3580 | 0.12% | $489.7K |
| PhemexGMX/USDT | 8.3400 | 8.3700 | 0.36% | $233.1K |
| BitrueGMX/USDT | 8.3400 | 8.3700 | 0.36% | $215.2K |
| HTXGMX/USDT | 8.2921 | 8.3679 | 0.91% | $187.2K |
| WhiteBITGMX/USDT | 8.3300 | 8.3800 | 0.60% | $187.1K |
| OKXGMX/USDT | 8.3390 | 8.3550 | 0.19% | $166.7K |
| LBankGMX/USDT | 8.3470 | 8.3580 | 0.13% | $165K |
| XTGMX/USDT | 8.3500 | 8.3600 | 0.12% | $133.7K |
| ToobitGMX/USDT | 8.3500 | 8.3700 | 0.24% | $131.2K |
| WEEXGMX/USDT | 8.3500 | 8.3700 | 0.24% | $114.9K |
Perpetual futures · 18
| Exchange | Bid | Ask | Book spread | Funding | 24h volume |
|---|---|---|---|---|---|
| BingXGMX/USDT | 8.3420 | 8.3430 | 0.01% | 0.0100%/8h | $2.4M |
| WEEXGMX/USDT | 8.3440 | 8.3460 | 0.02% | 0.0100%/8h | $1.3M |
| WhiteBITGMX/USDT | 8.3340 | 8.3610 | 0.32% | 0.0100%/8h | $841.2K |
| ToobitGMX/USDT | 8.3440 | 8.3450 | 0.01% | 0.0100%/8h | $612.8K |
| OKXGMX/USDT | 8.3350 | 8.3440 | 0.11% | 0.0100%/8h | $506.7K |
| BybitGMX/USDT | 8.3390 | 8.3500 | 0.13% | 0.0100%/8h | $468.9K |
| BitgetGMX/USDT | 8.3390 | 8.3500 | 0.13% | 0.0100%/8h | $431.6K |
| HyperliquidGMX/USDC | 8.3554 | 8.3570 | 0.02% | 0.0013%/1h | $402.9K |
| XTGMX/USDT | 8.3430 | 8.3470 | 0.05% | 0.0100%/8h | $381.6K |
| DigiFinexGMX/USDT | 8.3400 | 8.3500 | 0.12% | 0.0260%/8h | $326.3K |
| MEXCGMX/USDT | 8.3440 | 8.3460 | 0.02% | 0.0100%/8h | $225.2K |
| GateGMX/USDT | 8.3230 | 8.3240 | 0.01% | 0.0100%/8h | $104.6K |
How often GMX spreads open
Exchange pairs between which the price drifted apart with a profit after fees over 7 days. “Over a minute” counts the gaps that held for a minute or longer: those can be caught. The rest are flashes of seconds that close before an order arrives.
| Market | Route | Over a minute | Gaps | Median lifetime |
|---|---|---|---|---|
| perp ↔ perp | OKX perp → MEXC perp | 49 | 76 | 2 min 39 s |
| perp ↔ perp | XT perp → Hyperliquid perp | 33 | 34 | 13 min 59 s |
| perp ↔ perp | WEEX perp → Hyperliquid perp | 27 | 34 | 4 min 03 s |
| perp ↔ perp | Toobit perp → Hyperliquid perp | 23 | 25 | 26 min 10 s |
| perp ↔ perp | WOO X perp → Hyperliquid perp | 14 | 25 | 1 min 57 s |
| perp ↔ perp | Bitget perp → Hyperliquid perp | 14 | 25 | 1 min 29 s |
| perp ↔ perp | MEXC perp → Hyperliquid perp | 13 | 13 | 1 h 33 min |
| perp ↔ perp | Binance perp → Hyperliquid perp | 12 | 12 | 28 min 04 s |
| perp ↔ perp | BingX perp → MEXC perp | 11 | 33 | 6.0 s |
| perp ↔ perp | Gate perp → MEXC perp | 11 | 13 | 22 min 48 s |
| perp ↔ perp | Gate perp → Toobit perp | 9 | 9 | 9 min 24 s |
| perp ↔ perp | Binance perp → MEXC perp | 8 | 35 | 6.0 s |
| perp ↔ perp | Bybit perp → Hyperliquid perp | 8 | 10 | 9 min 42 s |
| perp ↔ perp | Gate perp → Binance perp | 8 | 8 | 23 min 38 s |
| perp ↔ perp | BloFin perp → Hyperliquid perp | 7 | 8 | 10 min 42 s |
| perp ↔ perp | BingX perp → Hyperliquid perp | 6 | 6 | 3 h 20 min |
| perp ↔ perp | Bybit perp → MEXC perp | 5 | 33 | 3.0 s |
| perp ↔ perp | WhiteBIT perp → Hyperliquid perp | 5 | 28 | 15 s |
| perp ↔ perp | Toobit perp → MEXC perp | 4 | 29 | 3.0 s |
| perp ↔ perp | WEEX perp → MEXC perp | 4 | 22 | 6.0 s |
Networks, deposits and withdrawals
Whether the coin can be moved between exchanges: withdrawals open where you buy and deposits open where you sell. Refreshed every 5 minutes.
| Network | Exchange | Deposit | Withdraw | Withdrawal fee |
|---|---|---|---|---|
| ARB | BigONEArbitrum | open | open | 0.5 GMX |
| BinanceARBITRUM | open | open | 0.035 GMX | |
| BitgetArbitrumOne | open | n/a | 0.01813 GMX | |
| BitrueArbitrum | open | open | 0.02 GMX | |
| Bitvavo | open | open | 0.043 GMX | |
| BybitARBI | open | open | 0.006 GMX | |
| CEX.IOarbitrum | open | open | 0.15 GMX | |
| DigiFinexArbitrum-One | closed | open | 2 GMX | |
| GateARBEVM | open | open | — | |
| HTXarc20gmx | open | open | 0.2919 GMX | |
| KuCoinarbitrum | open | open | 0.05 GMX | |
| LBankarbitrum one | n/a | open | 0.1211 GMX | |
| MEXC | open | open | 0.005 GMX | |
| OKXGMX-Arbitrum One | open | open | 0.00037 GMX | |
| PoloniexETHARB | open | open | 0.005 GMX | |
| ToobitARBITRUM | open | open | 1.5 GMX | |
| WhiteBITARBITRUM | open | open | 0.035 GMX | |
| XTArbitrum One | open | open | 0.12 GMX | |
| ARETH | Phemex | n/a | n/a | — |
| AVAXC | Binance | open | open | 0.0044 GMX |
| BybitCAVAX | open | open | 0.02 GMX | |
| HitBTCAVAC | open | open | 1.2 GMX | |
| KuCoinavaxc | open | open | 0.05 GMX | |
| LATOKENAVAXC_TOKEN | n/a | n/a | — |
Gaps of a minute or longer, last 7 days
| When (UTC) | Market | Route | Spread | Lasted | Transfer |
|---|---|---|---|---|---|
| Oct 24, 11:22 PM | perp ↔ perp | Gate → WEEX | 0.138% | 5 min 30 s | — |
| Oct 24, 11:09 PM | perp ↔ perp | Gate → Binance | 0.102% | 10 min 03 s | — |
| Oct 24, 11:08 PM | perp ↔ perp | Gate → Toobit | 0.102% | 10 min 39 s | — |
| Oct 24, 11:02 PM | perp ↔ perp | Gate → Toobit | 0.138% | 4 min 00 s | — |
| Oct 24, 11:02 PM | perp ↔ perp | Gate → Binance | 0.138% | 4 min 03 s | — |
| Oct 24, 10:54 PM | perp ↔ perp | OKX → MEXC | 0.282% | 1 min 06 s | — |
| Oct 24, 10:53 PM | perp ↔ perp | Gate → Toobit | 0.113% | 2 min 03 s | — |
| Oct 24, 10:53 PM | perp ↔ perp | Gate → Binance | 0.125% | 2 min 06 s | — |
| Oct 24, 10:33 PM | perp ↔ perp | Gate → Bitget | 0.154% | 7 min 15 s | — |
| Oct 24, 10:31 PM | perp ↔ perp | Gate → WOO X | 0.174% | 9 min 57 s | — |
| Oct 24, 10:15 PM | perp ↔ perp | Gate → WEEX | 0.186% | 27 min 51 s | — |
| Oct 24, 10:01 PM | perp ↔ perp | Gate → BloFin | 0.214% | 43 min 21 s | — |
| Oct 24, 10:00 PM | perp ↔ perp | Gate → Toobit | 0.234% | 44 min 36 s | — |
| Oct 24, 10:00 PM | perp ↔ perp | Gate → Binance | 0.246% | 44 min 36 s | — |
| Oct 24, 09:20 PM | perp ↔ perp | Gate → XT | 0.132% | 28 min 27 s | — |
| Oct 24, 09:14 PM | perp ↔ perp | Gate → BloFin | 0.144% | 33 min 51 s | — |
| Oct 24, 09:14 PM | perp ↔ perp | Gate → Binance | 0.164% | 42 min 18 s | — |
| Oct 24, 09:13 PM | perp ↔ perp | Gate → Toobit | 0.165% | 38 min 18 s | — |
| Oct 24, 07:35 PM | perp ↔ perp | Gate → MEXC | 0.105% | 17 min 48 s | — |
| Oct 24, 07:12 PM | perp ↔ perp | BloFin → Hyperliquid | 0.129% | 13 min 26 s | — |
| Oct 24, 07:02 PM | perp ↔ perp | Gate → Binance | 0.130% | 3 min 48 s | — |
| Oct 24, 06:55 PM | perp ↔ perp | Gate → MEXC | 0.141% | 32 min 56 s | — |
| Oct 24, 06:37 PM | perp ↔ perp | Gate → Toobit | 0.477% | 9 min 24 s | — |
| Oct 24, 06:37 PM | perp ↔ perp | Gate → WEEX | 0.367% | 3 min 42 s | — |
| Oct 24, 06:37 PM | perp ↔ perp | Gate → BloFin | 0.432% | 8 min 15 s | — |
| Oct 24, 06:37 PM | perp ↔ perp | Gate → Bitget | 0.321% | 2 min 36 s | — |
| Oct 24, 06:24 PM | perp ↔ perp | Gate → MEXC | 0.401% | 22 min 48 s | — |
| Oct 24, 06:21 PM | perp ↔ perp | Bitget → Hyperliquid | 0.129% | 1 h 21 min | — |
| Oct 24, 06:06 PM | perp ↔ perp | Gate → MEXC | 0.106% | 15 min 18 s | — |
| Oct 24, 05:56 PM | perp ↔ perp | OKX → MEXC | 0.105% | 6 min 21 s | — |
| Oct 24, 05:43 PM | perp ↔ perp | BloFin → Hyperliquid | 0.159% | 29 min 53 s | — |
| Oct 24, 05:37 PM | perp ↔ perp | Gate → MEXC | 0.165% | 26 min 56 s | — |
| Oct 24, 05:28 PM | perp ↔ perp | BingX → Bitget | 0.208% | 1 min 21 s | — |
| Oct 24, 05:28 PM | perp ↔ perp | BingX → MEXC | 0.276% | 1 min 18 s | — |
| Oct 24, 05:28 PM | perp ↔ perp | BingX → Toobit | 0.204% | 1 min 18 s | — |
| Oct 24, 05:28 PM | perp ↔ perp | Binance → MEXC | 0.166% | 1 min 39 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | BloFin → Hyperliquid | 0.244% | 10 min 42 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | WEEX → Hyperliquid | 0.265% | 10 min 30 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | Gate → BloFin | 0.436% | 2 min 39 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | XT → Binance | 0.138% | 1 min 12 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | Toobit → Binance | 0.183% | 1 min 00 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | Gate → WhiteBIT | 0.384% | 1 min 00 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | Gate → WOO X | 0.409% | 1 min 00 s | — |
| Oct 24, 05:27 PM | spot ↔ perp | Gate → Hyperliquid | 0.181% | 1 min 12 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | MEXC → Bitget | 0.182% | 2 min 36 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | MEXC → Binance | 0.354% | 1 min 27 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | MEXC → XT | 0.207% | 1 min 09 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | MEXC → WOO X | 0.268% | 1 min 09 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | XT → WEEX | 0.115% | 1 min 21 s | — |
| Oct 24, 05:27 PM | perp ↔ perp | MEXC → Toobit | 0.301% | 1 min 12 s | — |
Spread at the peak after taker fees. Lifetime is measured to about 3 s.
More on GMX
GMX funding rates by exchange →
GMX trades on: BingX, WEEX, Binance, WhiteBIT, Bybit, Toobit, OKX, XT, Bitget, Hyperliquid, DigiFinex, MEXC and 14 more
FAQ
- Why is the GMX spread so high on some exchanges?
4 routes in profit after fees are worth a look ("take" or "risky"); the engine's commonest warnings: under $20 at the best price; even when the prices meet, closing crosses each leg's bid-ask spread, and that eats the profit. We have no network status from Tokocrypto, WEEX and BingX +2, so a transfer there cannot be checked.
- Where is GMX cheapest to buy?
Cheapest now on HTX: $8.33; dearest on WEEX: $8.36, 0.36% apart. 17 exchanges with a liquid GMX market compared, at the mid between bid and ask.
- Can I transfer GMX between HTX and Toobit?
Yes: withdrawals from HTX and deposits to Toobit are open now on ARB, a withdrawal fee of 0.2919 GMX. The networks' status is checked every 5 minutes; every network is in the table below.
- Is there an arbitrage opportunity in GMX right now?
Yes, in futures (no transfer: a long and a short): 2 routes are worth a look ("take" or "risky"), the first Gate → MEXC, 0.12%, marked "risky".
Not on spot after fees: no spot route earns right now. The widest price gap is 0.36% (HTX → WEEX), and trading fees and the withdrawal eat it. In 7 days, gaps of a minute or longer opened most often between HTX and MEXC: 3 times.
- What is the GMX spread now?
0.36% between the cheapest (HTX) and the dearest (WEEX) exchange, before fees. No route worth taking with an open transfer right now.