Funding you earn now, next payment 00:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.174%
Price spread now: Injective against Binance−5.663%77s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.773%−$477 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$153 a day on $10k at the current rate, and Injective is 5.663% cheaper against Binance than usual: you would sell low and buy high (−$566 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 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 | Binance GMXUSDT | 8.0880 | 0.0100 | pay 0.0100% / 8h | 28m 02s | $2.3M | $2.0M | 50x |
| Short | Injective GMX/USDC PERP | 7.6300 | −0.5000 | pay 0.0625% / 1h | 28m 02s | $4K | $5K | 5.5x |
Binance GMXUSDT
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- −$1,071
- Price spread: −5.663% → 0.000%
- −$566.27
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,647.29
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Injective: 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 Binance live order book, 7 min ago | 1.85 bp | 29.6 bp −$30 | 98.5 bp −$985 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.
GMX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERPshort | −0.5000% | 1h | 7.6300 | −5.663% | $4K | $5K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.1107% | 1h | 8.0904 | +0.030% | $33K | $581 | 10x | as long as short |
| Lighter GMX | +0.0096% | 1h | 8.1040 | +0.198% | $77K | $93K | 5x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.0984 | +0.129% | $926K | $170K | 3x | as long as short |
| Binance GMXUSDTlong | +0.0100% | 8h | 8.0880 | long leg | $2.3M | $2.0M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0860 | −0.025% | $842K | $268K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0920 | +0.049% | $295K | $547K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0870 | −0.012% | $201K | $79K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0900 | +0.025% | $406K | $173K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1110 | +0.284% | $184K | $39K | 30x | as long as short |
Kraken Futures PF_GMXUSD
Lighter GMX
Hyperliquid GMX
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 8.0830 | −0.062% | $405K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0820 | −0.074% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0841 | −0.049% | $21K | $55K | — | as long as short |
| BloFin GMX-USDT | +0.0117% | 8h | 8.0980 | +0.124% | $110K | $31K | 50x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0901 | +0.026% | $397K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]