Funding you earn now, next payment 02:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.074%
Price spread now: GMX against Binance−0.042%50s7-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—needs both histories
Funding pays, the price is against you. GMX is 0.042% cheaper against Binance than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day). The two prices were read 50 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 | Binance INJUSDT | 7.7581 | 0.0100 | pay 0.0100% / 8h | 6h 49m | $35.3M | $93.0M | 75x |
| Short | GMX INJ/USD [WBTC.b-USDC] | 7.7549 | L +0.0274% / S −0.0211% | get 0.0026% / 1h | 49m 38s | $30K | — | 100x |
Binance INJUSDT
GMX INJ/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. 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
- $23.23
- Price spread: −0.042% → 0.000%
- −$4.22
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$2.99
- Costs to cover
- 0.220%
- Break-even
- 7.9 days
Slippage unknown: Binance: live order book, 8 min ago; GMX: 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 Binance live order book, 8 min ago | 0.64 bp | 10.2 bp −$10 | 20.4 bp −$204 | 144.6 bp −$14.5K | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.
INJ on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7563 | −0.023% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7596 | +0.019% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7567 | −0.019% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0021% | 1h | 7.7553 | −0.036% | $80K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7555 | −0.034% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7655 | +0.094% | $148K | $427K | 20x | as long as short |
| Binance INJUSDTlong | +0.0100% | 8h | 7.7581 | long leg | $35.3M | $93.0M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.7587 | +0.007% | $22.0M | $31.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7560 | −0.027% | $6.3M | $19.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7520 | −0.079% | $2.8M | $4.8M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7540 | −0.053% | $9.3M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7520 | −0.079% | $14.2M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7673 | +0.118% | $275K | $158K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7680 | +0.127% | $47K | $312K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7600 | +0.024% | $37K | $66K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7557 | −0.031% | $115K | $363K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7770 | +0.243% | $1.8M | $6.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7580 | −0.002% | — | $21.5M | — | as long as short |
| GMX INJ/USD [WBTC.b-USDC]short | L +0.0274% / S −0.0211% | 1h | 7.7549 | −0.042% | $30K | — | 100x | |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7590 | +0.011% | $30.9M | $21.0M | 300x | as long as short |
| Hyperliquid INJ | +0.0339% | 1h | 7.7734 | +0.197% | $26.2M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0408% | 1h | 7.7628 | +0.060% | $871K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0624% | 1h | 7.8010 | +0.553% | $381K | $637K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8070 | +0.630% | $325K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP