Funding you earn now, next payment 02:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +1.192%
Price spread now: Bitget against Injective+6.151%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+4.806%+$481 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and Bitget is 6.151% dearer against Injective than usual: you sell high and buy low: +$615 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | 7.5600 | −0.5000 | get 0.0625% / 1h | 54m 27s | $4K | $4K | 5.5x |
| Short | Bitget GMXUSDT | 8.0250 | 0.0100 | get 0.0100% / 8h | 6h 54m | $401K | $207K | 50x |
Injective GMX/USDC PERP
Bitget GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +6.151% → 0.000%
- $615.08
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $1,674.06
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago | 6.20 bp | 21.8 bp −$22 | 167.5 bp −$1,675 | 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 | 7.5600 | long leg | $4K | $4K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0548% | 1h | 8.0313 | +6.235% | $33K | $600 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0299 | +6.215% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0310 | +6.230% | $838K | $260K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0270 | +6.177% | $294K | $522K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0170 | +6.045% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0310 | +6.230% | $395K | $176K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0680 | +6.720% | $182K | $37K | 30x | as long as short |
| Bitget GMXUSDTshort | +0.0100% | 8h | 8.0250 | +6.151% | $401K | $207K | 50x | |
| BingX GMX-USDT | +0.0100% | 8h | 8.0300 | +6.217% | — | $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 | +6.194% | $21K | $54K | — | as long as short |
| Lighter GMX | +0.0120% | 1h | 8.0552 | +6.550% | $76K | $92K | 5x | as long as short |
| BloFin GMX-USDT | +0.0125% | 8h | 8.0620 | +6.640% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMX | +0.0153% | 1h | 8.0401 | +6.351% | $917K | $148K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0193 | +6.075% | $393K | — | 100x | as long as short |
Variational Omni GMX
Lighter GMX
BloFin GMX-USDT
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]