Funding you earn now, next payment 05:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +1.334%
Price spread now: Binance against Injective+6.056%77s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+4.870%+$487 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and Binance is 6.056% dearer against Injective than usual: you sell high and buy low: +$606 more if the spread goes back to zero (this spread has no 7-day history yet). 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 | Injective GMX/USDC PERP | 7.5800 | −0.5000 | get 0.0625% / 1h | 32m 08s | $4K | $4K | 5.5x |
| Short | Binance GMXUSDT | 8.0391 | 0.0100 | get 0.0100% / 8h | 3h 32m | $2.3M | $1.9M | 50x |
Injective GMX/USDC PERP
Binance GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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: +6.056% → 0.000%
- $605.64
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $1,666.62
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 3 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 3 min ago | 1.86 bp | 27.9 bp −$28 | 114.0 bp −$1,140 | doesn't fit | doesn't fit |
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 PERPlong | −0.5000% | 1h | 7.5800 | long leg | $4K | $4K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0262% | 1h | 8.0311 | +5.951% | $33K | $463 | 10x | as long as short |
| BloFin GMX-USDT | +0.0073% | 8h | 8.0470 | +6.161% | $109K | $25K | 50x | as long as short |
| Binance GMXUSDTshort | +0.0100% | 8h | 8.0391 | +6.056% | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0330 | +5.976% | $825K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0340 | +5.989% | $295K | $491K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0380 | +6.042% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0400 | +6.069% | $377K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0350 | +6.003% | $159K | $55K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0330 | +5.976% | $417K | $208K | 50x | as long as short |
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0380 | +6.042% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0416 | +6.090% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0287 | +5.919% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0480% | 1h | 8.0558 | +6.277% | $76K | $89K | 5x | as long as short |
| Hyperliquid GMX | +0.0619% | 1h | 8.0493 | +6.191% | $893K | $150K | 3x | as long as short |
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX