Funding you earn now, next payment 09:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.394%
Price spread now: Injective against Bybit−5.841%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.808%−$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 5.841% cheaper against Bybit than usual: you would sell low and buy high (−$584 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 8.0290 | 0.0100 | pay 0.0100% / 8h | 7h 39m | $819K | $239K | 20x |
| Short | Injective GMX/USDC PERP | 7.5600 | −0.5000 | pay 0.0625% / 1h | 39m 19s | $4K | $3K | 5.5x |
Bybit GMXUSDT
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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: −5.841% → 0.000%
- −$584.13
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,666.15
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 56 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 Bybit live order book, 56 min ago | 5.63 bp | 52.8 bp −$53 | 170.8 bp −$1,708 | 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 | −5.841% | $4K | $3K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0167% | 1h | 8.0233 | −0.071% | $33K | $463 | 10x | as long as short |
| BloFin GMX-USDT | +0.0083% | 8h | 8.0330 | +0.050% | $107K | $25K | 50x | as long as short |
| Lighter GMX | +0.0096% | 1h | 8.0421 | +0.163% | $76K | $87K | 5x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.0361 | +0.088% | $891K | $126K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0280 | −0.012% | $2.3M | $1.7M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 8.0290 | long leg | $819K | $239K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0340 | +0.062% | $290K | $379K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0280 | −0.012% | $195K | $60K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0270 | −0.025% | $374K | $157K | 125x | as long as short |
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Lighter GMX
Hyperliquid GMX
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0100 | −0.237% | $161K | $56K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0290 | 0.000% | $413K | $188K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0260 | −0.037% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0272 | −0.023% | $21K | $53K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0453% / S −0.0142% | 1h | 8.0231 | −0.073% | $394K | — | 100x | as long as short |
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]