Funding you earn now, next payment 06:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +1.348%
Price spread now: KuCoin against Injective+5.984%85s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+4.879%+$488 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 KuCoin is 5.984% dearer against Injective than usual: you sell high and buy low: +$598 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 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 | 7.5200 | −0.5000 | get 0.0625% / 1h | 35m 53s | $4K | $4K | 5.5x |
| Short | KuCoin GMXUSDTM | 7.9700 | 0.0100 | get 0.0100% / 8h | 2h 35m | $159K | $57K | 30x |
Injective GMX/USDC PERP
KuCoin GMXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +5.984% → 0.000%
- $598.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $1,657.38
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 20 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 KuCoin live order book, 20 min ago | 47.72 bp | 325.1 bp −$325 | doesn't fit | 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 | 7.5200 | long leg | $4K | $4K | 5.5x | |
| Kraken Futures PF_GMXUSD | +0.0044% | 1h | 8.0023 | +6.413% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0133 | +6.560% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0090 | +6.503% | $823K | $248K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0080 | +6.489% | $293K | $490K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9860 | +6.197% | $193K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0120 | +6.543% | $375K | $177K | 125x | as long as short |
| KuCoin GMXUSDTMshort | +0.0100% | 8h | 7.9700 | +5.984% | $159K | $57K | 30x | |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0090 | +6.503% | $415K | $208K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0070 | +6.476% | — | $2.3M | — | as long as short |
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
Bitget GMXUSDT
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 | 8.0068 | +6.473% | $21K | $55K | — | as long as short |
| BloFin GMX-USDT | +0.0113% | 8h | 7.9820 | +6.144% | $108K | $25K | 50x | as long as short |
| Lighter GMX | +0.0304% | 1h | 8.0293 | +6.773% | $76K | $89K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0026 | +6.418% | $393K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0452% | 1h | 8.0272 | +6.745% | $891K | $151K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
Lighter GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX