Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.028%
Price spread now: GMX against BloFin−0.064%51s7-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 −$1 a day on $10k at the current rate, and GMX is 0.064% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | BloFin INJ-USDT | 7.5290 | 0.0220 | pay 0.0220% / 8h | 2h 35m | $1.6M | $5.6M | 75x |
| Short | GMX INJ/USD [WBTC.b-USDC] | 7.5242 | L +0.0267% / S −0.0198% | get 0.0025% / 1h | 35m 58s | $29K | — | 100x |
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- −$4.66
- Price spread: −0.064% → 0.000%
- −$6.35
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$35.01
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 2.00 bp | 11.9 bp −$12 | 25.0 bp −$250 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5318 | +0.038% | $763K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5249 | −0.055% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5249 | −0.054% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5278 | −0.015% | $16K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0069% | 1h | 7.5295 | +0.007% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5259 | −0.041% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5270 | −0.027% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5415 | +0.166% | $25.4M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5331 | +0.055% | $138K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5329 | +0.052% | $32.8M | $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 | 7.5340 | +0.066% | $20.8M | $31.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5380 | +0.120% | $6.1M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5330 | +0.053% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5320 | +0.040% | $8.5M | $18.1M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5340 | +0.066% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5223 | −0.089% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5120 | −0.226% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5340 | +0.066% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDTlong | +0.0220% | 8h | 7.5290 | long leg | $1.6M | $5.6M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.5330 | +0.053% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5390 | +0.133% | $29.9M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]short | L +0.0267% / S −0.0198% | 1h | 7.5242 | −0.064% | $29K | — | 100x | |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.5450 | +0.213% | $370K | $634K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5480 | +0.252% | $315K | $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
BingX INJ-USDT
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP