Funding you earn now, next payment 04:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.301%
Price spread now: Injective against BingX−6.320%102s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.874%−$487 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 6.320% cheaper against BingX than usual: you would sell low and buy high (−$632 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 102 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 | BingX GMX-USDT | 8.0700 | 0.0100 | pay 0.0100% / 8h | 4h 29m | — | $2.3M | — |
| Short | Injective GMX/USDC PERP | 7.5600 | −0.5000 | pay 0.0625% / 1h | 29m 32s | $4K | $4K | 5.5x |
BingX GMX-USDT
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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: −6.320% → 0.000%
- −$631.97
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,712.99
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 3 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 BingX live order book, 3 min ago | 5.58 bp | 27.2 bp −$27 | 64.0 bp −$640 | 397.4 bp −$39.7K | 448.2 bp −$224.1K |
| 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 | 7.5600 | −6.320% | $4K | $4K | 5.5x | |
| BloFin GMX-USDT | +0.0080% | 8h | 8.0680 | −0.025% | $109K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0760 | +0.074% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0690 | −0.012% | $831K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0700 | 0.000% | $297K | $496K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0540 | −0.198% | $199K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0810 | +0.136% | $379K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0390 | −0.384% | $160K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0750 | +0.062% | $419K | $207K | 50x | as long as short |
| BingX GMX-USDTlong | +0.0100% | 8h | 8.0700 | long leg | — | $2.3M | — |
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0656 | −0.055% | $21K | $54K | — | as long as short |
| Kraken Futures PF_GMXUSD | +0.0194% | 1h | 8.0719 | +0.024% | $33K | $463 | 10x | as long as short |
| Lighter GMX | +0.0312% | 1h | 8.0920 | +0.273% | $77K | $90K | 5x | as long as short |
| Hyperliquid GMX | +0.0382% | 1h | 8.0904 | +0.253% | $899K | $149K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0686 | −0.017% | $396K | — | 100x | as long as short |
Variational Omni GMX
Kraken Futures PF_GMXUSD
Lighter GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]