Funding you earn now, next payment 03:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +1.233%
Price spread now: MEXC against Injective+6.163%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+4.840%+$484 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 MEXC is 6.163% dearer against Injective than usual: you sell high and buy low: +$616 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 | 7.6100 | −0.5000 | get 0.0625% / 1h | 13m 59s | $4K | $4K | 5.5x |
| Short | MEXC GMX_USDT | 8.0790 | 0.0100 | get 0.0100% / 8h | 5h 13m | $380K | $178K | 125x |
Injective GMX/USDC PERP
MEXC GMX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +6.163% → 0.000%
- $616.29
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $1,683.27
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 31 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 MEXC live order book, 31 min ago | 2.49 bp | 12.7 bp −$13 | 120.7 bp −$1,207 | 293.2 bp −$29.3K | 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 | 7.6100 | long leg | $4K | $4K | 5.5x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.0790 | +6.163% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0780 | +6.150% | $839K | $245K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0670 | +6.005% | $298K | $502K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0600 | +5.913% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDTshort | +0.0100% | 8h | 8.0790 | +6.163% | $380K | $178K | 125x | |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | +6.045% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0720 | +6.071% | $419K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0760 | +6.124% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0789 | +6.162% | $21K | $54K | — | as long as short |
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDT | +0.0112% | 8h | 8.0860 | +6.255% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMX | +0.0172% | 1h | 8.0888 | +6.292% | $903K | $154K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0305% | 1h | 8.0651 | +5.980% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0678 | +6.015% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0544% | 1h | 8.0918 | +6.331% | $77K | $90K | 5x | as long as short |
BloFin GMX-USDT
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX