GMX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.5416%/8h= −593.1% APRnext payment −$6.77 per $10,000 · paid last 24h −1.276%

Price spread now: Injective against GMX−5.872%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 −$162 a day on $10k at the current rate, and Injective is 5.872% cheaper against GMX than usual: you would sell low and buy high (−$587 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	GMX GMX/USD [GMX-USDC]	8.1485	L +0.0416% / S −0.0141%	pay 0.0052% / 1h	39m 08s	$399K	—	100x
Short	Injective GMX/USDC PERP	7.6700	−0.5000	pay 0.0625% / 1h	39m 08s	$4K	$5K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee InjectivebpOrdersPrice spread, now −5.872%Rate

Funding earned: −$1,137.41
Price spread: −5.872% → 0.000%: −$587.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,736.6
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and 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	7.6700	−5.872%	$4K	$5K	5.5x
Kraken Futures PF_GMXUSD	−0.0607%	1h	8.1430	−0.066%	$33K	$600	10x	as long as short
Hyperliquid GMX	+0.0100%	1h	8.1560	+0.093%	$932K	$166K	3x	as long as short
Binance GMXUSDT	+0.0100%	8h	8.1416	−0.084%	$2.3M	$2.0M	50x	as long as short
Bybit GMXUSDT	+0.0100%	8h	8.1390	−0.116%	$849K	$266K	20x	as long as short
OKX GMX-USDT-SWAP	+0.0100%	8h	8.1340	−0.177%	$298K	$549K	20x	as long as short
Gate GMX_USDT	+0.0100%	8h	8.1300	−0.227%	$205K	$77K	33x	as long as short
MEXC GMX_USDT	+0.0100%	8h	8.1410	−0.092%	$403K	$174K	125x	as long as short
KuCoin GMXUSDTM	+0.0100%	8h	8.1420	−0.079%	$184K	$36K	30x	as long as short
Bitget GMXUSDT	+0.0100%	8h	8.1300	−0.227%	$408K	$202K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GMX-USDT	+0.0100%	8h	8.1410	−0.092%	—	$2.3M	—	as long as short
Variational Omni GMX	+0.0100%	8h	8.1412	−0.089%	$21K	$54K	—	as long as short
BloFin GMX-USDT	+0.0117%	8h	8.1470	−0.018%	$111K	$31K	50x	as long as short
Lighter GMX	+0.0192%	1h	8.1817	+0.408%	$78K	$93K	5x	as long as short
GMX GMX/USD [GMX-USDC]long	L +0.0416% / S −0.0141%	1h	8.1485	long leg	$399K	—	100x