Funding you earn now, next payment 03:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.233%
Price spread now: Injective against Variational Omni−5.874%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$153 a day on $10k at the current rate, and Injective is 5.874% cheaper against Variational Omni than usual: you would sell low and buy high (−$587 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 | Variational Omni GMX | 8.0849 | 0.0100 | pay 0.0100% / 8h | 5h 16m | $21K | $54K | — |
| Short | Injective GMX/USDC PERP | 7.6100 | −0.5000 | pay 0.0625% / 1h | 16m 48s | $4K | $4K | 5.5x |
Variational Omni GMX
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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: −5.874% → 0.000%
- −$587.42
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,658.44
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Variational Omni 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 | 7.6100 | −5.874% | $4K | $4K | 5.5x | |
| BloFin GMX-USDT | +0.0099% | 8h | 8.0820 | −0.036% | $109K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0845 | −0.005% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0780 | −0.086% | $839K | $245K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0800 | −0.061% | $298K | $503K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0620 | −0.284% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0830 | −0.024% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | −0.185% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0710 | −0.172% | $419K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0810 | −0.049% | — | $2.3M | — | as long as short |
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMXlong | +0.0100% | 8h | 8.0849 | long leg | $21K | $54K | — | |
| Hyperliquid GMX | +0.0171% | 1h | 8.0905 | +0.069% | $903K | $154K | 3x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0304% | 1h | 8.0785 | −0.079% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0690 | −0.197% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0536% | 1h | 8.0952 | +0.127% | $77K | $90K | 5x | as long as short |
Hyperliquid GMX
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX