Funding you earn now, next payment 06:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.348%
Price spread now: Injective against KuCoin−5.646%85s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$153 a day on $10k at the current rate, and Injective is 5.646% cheaper against KuCoin than usual: you would sell low and buy high (−$565 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | KuCoin GMXUSDTM | 7.9700 | 0.0100 | pay 0.0100% / 8h | 2h 35m | $159K | $57K | 30x |
| Short | Injective GMX/USDC PERP | 7.5200 | −0.5000 | pay 0.0625% / 1h | 35m 50s | $4K | $4K | 5.5x |
KuCoin GMXUSDTM
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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: −5.646% → 0.000%
- −$564.62
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,647.64
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 20 min ago; Injective: 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 KuCoin live order book, 20 min ago | 47.72 bp | 558.6 bp −$559 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 PERPshort | −0.5000% | 1h | 7.5200 | −5.646% | $4K | $4K | 5.5x | |
| Kraken Futures PF_GMXUSD | +0.0044% | 1h | 8.0023 | +0.405% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0133 | +0.543% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0090 | +0.489% | $823K | $248K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0080 | +0.477% | $293K | $490K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9860 | +0.201% | $193K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0120 | +0.527% | $375K | $177K | 125x | as long as short |
| KuCoin GMXUSDTMlong | +0.0100% | 8h | 7.9700 | long leg | $159K | $57K | 30x | |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0090 | +0.489% | $415K | $208K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0070 | +0.464% | — | $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 | +0.461% | $21K | $55K | — | as long as short |
| BloFin GMX-USDT | +0.0113% | 8h | 7.9820 | +0.151% | $108K | $25K | 50x | as long as short |
| Lighter GMX | +0.0304% | 1h | 8.0293 | +0.744% | $76K | $89K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0026 | +0.410% | $393K | — | 100x | as long as short |
| Hyperliquid GMX | +0.0452% | 1h | 8.0272 | +0.718% | $891K | $151K | 3x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
Lighter GMX
GMX GMX/USD [GMX-USDC]
Hyperliquid GMX