Funding you earn now, next payment 05:00 UTC−0.0770%/8h= −84.3% APRnext payment −$0.96 per $10,000 · paid last 24h −0.164%
Price spread now: GMX against Injective−4.514%57s7-day average −0.171% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.586%−$59 on $10k
+Price spread, last 4 days (all we have)+4.669%+$467 · spread now −4.514%, 7d avg −0.171%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and GMX is 4.343% cheaper against Injective than usual: you would sell low and buy high (−$434 if the spread goes back to its 7-day average of −0.171%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective DOGE/USDC PERP | 0.1053 | 0.1062 | pay 0.0133% / 1h | 7m 52s | $6K | $242K | 12x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.1005 | L +0.0253% / S −0.0292% | get 0.0036% / 1h | 7m 52s | $328K | — | 200x |
Injective DOGE/USDC PERP
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$161.72
- Price spread: −4.514% → −0.171%
- −$434.26
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$608
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 46 min ago; GMX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective live order book, 46 min ago | 38.06 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
DOGE on 44 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1005 | −4.516% | $659K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1006 | −4.487% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0018% | 1h | 0.1004 | −4.651% | $225K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0089% | 8h | 0.1008 | −4.274% | $130.5M | $318.9M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1009 | −4.200% | $746K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1005 | −4.596% | $551K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1008 | −4.254% | $4.8M | $55.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1004 | −4.625% | $321K | $520K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1009 | −4.195% | $330.0M | $1.63B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1009 | −4.207% | $163.6M | $505.1M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1008 | −4.236% | $114.9M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1016 | −3.496% | $390K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1008 | −4.245% | $247.6M | $147.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1009 | −4.217% | $114.2M | $248.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1009 | −4.217% | $66.4M | $48.5M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1009 | −4.217% | — | $79.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1008 | −4.311% | $326K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1013 | −3.793% | $1.1M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1017 | −3.457% | $324K | $136.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1016 | −3.485% | $644K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1017 | −3.419% | $153K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1005 | −4.596% | $261K | $1.1M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1007 | −4.406% | $65K | $458K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1006 | −4.419% | $19K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1007 | −4.344% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1007 | −4.340% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1007 | −4.370% | $6.0M | $65.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1008 | −4.321% | $92.7M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1004 | −4.684% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1008 | −4.266% | $483K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1007 | −4.335% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0119% | 8h | 0.1004 | −4.672% | $2K | $503K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.1005 | −4.548% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1006 | −4.435% | $16.3M | $26.8M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.1004 | −4.609% | $447 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1015 | −3.626% | $18K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0250% | 1h | 0.1007 | −4.332% | $5.5M | $39.8M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0253% / S −0.0292% | 1h | 0.1005 | −4.514% | $328K | — | 200x | |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1008 | −4.302% | $2.1M | $33.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0400% | 1h | 0.1009 | −4.188% | $125.4M | $112.4M | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0435% | 1h | 0.1008 | −4.297% | $572K | $247K | 25x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1005 | −4.530% | $109K | $207K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1005 | −4.592% | $405K | $433K | 10x | as long as short |
| Injective DOGE/USDC PERPlong | +0.1062% | 1h | 0.1053 | long leg | $6K | $242K | 12x |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
Kraken Futures PF_DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Deribit DOGE_USDC-PERPETUAL
Arcus DOGE-USD
RISEx DOGE/USDC