Funding you earn now, next payment 02:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.192%
Price spread now: Injective against Bitget−5.806%61s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.806%−$481 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 5.806% cheaper against Bitget than usual: you would sell low and buy high (−$581 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 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 | Bitget GMXUSDT | 8.0260 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $401K | $208K | 50x |
| Short | Injective GMX/USDC PERP | 7.5600 | −0.5000 | pay 0.0625% / 1h | 54m 24s | $4K | $4K | 5.5x |
Bitget GMXUSDT
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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: −5.806% → 0.000%
- −$580.61
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,663.63
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 6 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 Bitget live order book, 6 min ago | 6.20 bp | 26.1 bp −$26 | 150.7 bp −$1,507 | 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 | 7.5600 | −5.806% | $4K | $4K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0548% | 1h | 8.0319 | +0.074% | $33K | $600 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0300 | +0.050% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0310 | +0.062% | $838K | $260K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0270 | +0.012% | $294K | $522K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0170 | −0.112% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0300 | +0.050% | $395K | $176K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0470 | +0.262% | $182K | $37K | 30x | as long as short |
| Bitget GMXUSDTlong | +0.0100% | 8h | 8.0260 | long leg | $401K | $208K | 50x | |
| BingX GMX-USDT | +0.0100% | 8h | 8.0290 | +0.037% | — | $2.3M | — | as long as short |
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0283 | +0.028% | $21K | $54K | — | as long as short |
| Lighter GMX | +0.0120% | 1h | 8.0552 | +0.364% | $76K | $92K | 5x | as long as short |
| BloFin GMX-USDT | +0.0125% | 8h | 8.0620 | +0.449% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMX | +0.0153% | 1h | 8.0401 | +0.176% | $917K | $148K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0238 | −0.027% | $393K | — | 100x | as long as short |
Variational Omni GMX
Lighter GMX
BloFin GMX-USDT
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]