Funding you earn now, next payment 01:00 UTC+0.5141%/8h= +563.0% APRnext payment +$6.43 per $10,000 · paid last 24h +1.201%
Price spread now: GMX against Injective+6.238%117s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$154 a day on $10k at the current rate, and GMX is 6.238% dearer against Injective than usual: you sell high and buy low: +$624 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 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 | 7.6700 | −0.5000 | get 0.0625% / 1h | 39m 27s | $4K | $5K | 5.5x |
| Short | GMX GMX/USD [GMX-USDC] | 8.1485 | L +0.0416% / S −0.0141% | get 0.0018% / 1h | 39m 27s | $399K | — | 100x |
Injective GMX/USDC PERP
GMX GMX/USD [GMX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $1,079.69
- Price spread: +6.238% → 0.000%
- $623.81
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $1,691.48
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; GMX: 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 Injective no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Injective and GMX: 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 | 7.6700 | long leg | $4K | $5K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0607% | 1h | 8.1500 | +6.258% | $33K | $600 | 10x | as long as short |
| BloFin GMX-USDT | +0.0092% | 8h | 8.1500 | +6.258% | $110K | $31K | 50x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.1591 | +6.377% | $933K | $166K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.1484 | +6.237% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.1480 | +6.232% | $850K | $266K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.1340 | +6.050% | $298K | $549K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.1310 | +6.010% | $205K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.1440 | +6.180% | $404K | $174K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1410 | +6.141% | $184K | $36K | 30x | as long as short |
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Hyperliquid GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 8.1290 | +5.984% | $408K | $202K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.1460 | +6.206% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.1412 | +6.144% | $21K | $54K | — | as long as short |
| Lighter GMX | +0.0216% | 1h | 8.1861 | +6.729% | $78K | $93K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC]short | L +0.0416% / S −0.0141% | 1h | 8.1485 | +6.238% | $399K | — | 100x |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
Lighter GMX