Funding you earn now, next payment 01:00 UTC−0.5192%/8h= −568.5% APRnext payment −$6.49 per $10,000 · paid last 24h −1.237%
Price spread now: Injective against Lighter−6.254%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.893%−$489 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$156 a day on $10k at the current rate, and Injective is 6.254% cheaper against Lighter than usual: you would sell low and buy high (−$625 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GMX | 8.1817 | 0.0192 | pay 0.0024% / 1h | 39m 19s | $78K | $93K | 5x |
| Short | Injective GMX/USDC PERP | 7.6700 | −0.5000 | pay 0.0625% / 1h | 39m 19s | $4K | $5K | 5.5x |
Lighter GMX
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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
- −$1,090.32
- Price spread: −6.254% → 0.000%
- −$625.42
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,715.76
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Lighter and 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 | 7.6700 | −6.254% | $4K | $5K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0607% | 1h | 8.1430 | −0.472% | $33K | $600 | 10x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.1591 | −0.276% | $933K | $166K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.1419 | −0.486% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.1400 | −0.510% | $849K | $266K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.1340 | −0.583% | $298K | $549K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.1310 | −0.620% | $205K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.1440 | −0.461% | $404K | $174K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1410 | −0.497% | $184K | $36K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.1300 | −0.632% | $408K | $202K | 50x | as long as short |
Kraken Futures PF_GMXUSD
Hyperliquid GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.1410 | −0.497% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.1412 | −0.495% | $21K | $54K | — | as long as short |
| BloFin GMX-USDT | +0.0117% | 8h | 8.1470 | −0.424% | $111K | $31K | 50x | as long as short |
| Lighter GMXlong | +0.0192% | 1h | 8.1817 | long leg | $78K | $93K | 5x | |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.1485 | −0.406% | $399K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]