> For the complete documentation index, see [llms.txt](https://docs.goldlink.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.goldlink.io/strategies/gmx-funding-rate-farming/gmx-funding-rates.md).

# 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="https://812117406-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FsOeuFOKqmz5lxb8ZqYqk%2Fuploads%2FbNO5x1BSBg8LV3YzofDN%2Fimage.png?alt=media&amp;token=551c2711-ae83-4b43-b6c5-931692fd2e1d" 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>