Funding you earn now, next payment 01:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.068%
Price spread now: Binance against GMX−0.049%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 −$8 a day on $10k at the current rate, and Binance is 0.049% cheaper against GMX than usual: you would sell low and buy high (−$5 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 | GMX INJ/USD [WBTC.b-USDC] | 7.8619 | L +0.0356% / S −0.0418% | pay 0.0044% / 1h | 39m 00s | $47K | — | 100x |
| Short | Binance INJUSDT | 7.8580 | 0.0100 | get 0.0100% / 8h | 7h 39m | $35.8M | $93.7M | 75x |
GMX INJ/USD [WBTC.b-USDC]
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$53.74
- Price spread: −0.049% → 0.000%
- −$4.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$80.69
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 4 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.64 bp | 8.4 bp −$8 | 19.9 bp −$199 | 96.2 bp −$9,623 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | −0.0238% | 8h | 7.8535 | −0.107% | $22.0M | $31.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8608 | −0.014% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8523 | −0.122% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8618 | −0.001% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8615 | −0.004% | $3K | — | 150x | as long as short |
| Gate INJ_USDT | +0.0079% | 8h | 7.8540 | −0.100% | $2.8M | $4.9M | 50x | as long as short |
| Variational Omni INJ | +0.0084% | 8h | 7.8543 | −0.097% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8597 | −0.027% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8610 | −0.011% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8662 | +0.055% | $150K | $443K | 20x | as long as short |
Bybit INJUSDT
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Gate INJ_USDT
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance INJUSDTshort | +0.0100% | 8h | 7.8580 | −0.049% | $35.8M | $93.7M | 75x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8530 | −0.113% | $6.4M | $19.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8530 | −0.113% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8600 | −0.024% | $14.5M | $10.4M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8610 | −0.011% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8583 | −0.046% | $117K | $635K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8624 | +0.007% | $889K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8550 | −0.088% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8570 | −0.062% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8580 | −0.049% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]long | L +0.0356% / S −0.0418% | 1h | 7.8619 | long leg | $47K | — | 100x | |
| Hyperliquid INJ | +0.0580% | 1h | 7.8686 | +0.085% | $26.5M | $9.1M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.256% | $386K | $659K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8900 | +0.358% | $329K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP