Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.022%
Price spread now: GMX against BingX−0.022%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—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.022% cheaper against BingX than usual: you would sell low and buy high (−$2 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 | BingX INJ-USDT | 7.5160 | 0.0248 | pay 0.0248% / 8h | 2h 38m | — | $20.7M | — |
| Short | GMX INJ/USD [WBTC.b-USDC] | 7.5144 | L +0.0267% / S −0.0198% | get 0.0025% / 1h | 38m 02s | $28K | — | 100x |
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BingX. 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
- −$10.54
- Price spread: −0.022% → 0.000%
- −$2.17
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$34.71
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago | 0.66 bp | 6.7 bp −$7 | 10.1 bp −$101 | 21.7 bp −$2,172 | 77.5 bp −$38.8K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5182 | +0.029% | $762K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5156 | −0.005% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5124 | −0.047% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5143 | −0.023% | $16K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0016% | 1h | 7.5195 | +0.047% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5145 | −0.020% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5150 | −0.013% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5234 | +0.098% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5176 | +0.021% | $137K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5173 | +0.017% | $32.7M | $97.3M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5138 | −0.029% | $20.8M | $31.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5160 | 0.000% | $6.1M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5150 | −0.013% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5150 | −0.013% | $9.1M | $18.0M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5100 | −0.080% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5233 | +0.097% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5260 | +0.133% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5149 | −0.014% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5160 | 0.000% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDTlong | +0.0248% | 8h | 7.5160 | long leg | — | $20.7M | — | |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5180 | +0.027% | $29.8M | $20.0M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]short | L +0.0267% / S −0.0198% | 1h | 7.5144 | −0.022% | $28K | — | 100x | |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.5250 | +0.120% | $369K | $633K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5400 | +0.319% | $314K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP