Funding you earn now, next payment 02:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.211%
Price spread now: Injective against OKX−6.064%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−4.754%−$475 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 6.064% cheaper against OKX than usual: you would sell low and buy high (−$606 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 | OKX GMX-USDT-SWAP | 8.0800 | 0.0100 | pay 0.0100% / 8h | 6h 50m | $297K | $528K | 20x |
| Short | Injective GMX/USDC PERP | 7.5900 | −0.5000 | pay 0.0625% / 1h | 50m 39s | $4K | $4K | 5.5x |
OKX GMX-USDT-SWAP
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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: −6.064% → 0.000%
- −$606.44
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,687.46
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 15 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 OKX live order book, 15 min ago | 7.39 bp | 39.1 bp −$39 | 8197.2 bp −$82.0K | 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 | 7.5900 | −6.064% | $4K | $4K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0546% | 1h | 8.0662 | −0.171% | $33K | $600 | 10x | as long as short |
| BloFin GMX-USDT | +0.0071% | 8h | 8.0500 | −0.371% | $110K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0746 | −0.066% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0780 | −0.025% | $844K | $260K | 20x | as long as short |
| OKX GMX-USDT-SWAPlong | +0.0100% | 8h | 8.0800 | long leg | $297K | $528K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 8.0430 | −0.458% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0790 | −0.012% | $379K | $179K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0890 | +0.111% | $183K | $37K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0710 | −0.111% | $405K | $207K | 50x | as long as short |
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
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 | 8.0660 | −0.173% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0633 | −0.207% | $21K | $54K | — | as long as short |
| Hyperliquid GMX | +0.0217% | 1h | 8.0913 | +0.140% | $922K | $149K | 3x | as long as short |
| Lighter GMX | +0.0288% | 1h | 8.0971 | +0.212% | $77K | $92K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0632 | −0.207% | $395K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
Hyperliquid GMX
Lighter GMX
GMX GMX/USD [GMX-USDC]