# GMX Funding Rates

When Long OI exceeds Short OI on GMX, long positions will pay short holders. If the hourly funding fee is .005% per hour, short holders will earn 50% APY on their positions and any additional incentives the platform provides.

<figure><img src="/files/7ijUi8C4z60VKNqkEApa" alt="" width="563"><figcaption></figcaption></figure>

You can learn more about funding rates on GMX in their documentation here: <https://gmx-docs.io/docs/trading/v2/#funding-fees>


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