Funding you earn now, next payment 23:00 UTC−0.0949%/8h= −103.9% APRnext payment −$1.19 per $10,000 · paid last 24h −0.235%
Price spread now: GMX against Injective−0.727%57s7-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 −$28 a day on $10k at the current rate, and GMX is 0.727% cheaper against Injective than usual: you would sell low and buy high (−$73 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | Injective INJ/USDC PERP | 7.8360 | 0.1367 | pay 0.0171% / 1h | 36m 16s | $321K | $12.1M | 30x |
| Short | GMX INJ/USD [WBTC.b-USDC] | 7.7790 | L +0.0354% / S −0.0418% | get 0.0052% / 1h | 36m 16s | $46K | — | 100x |
Injective INJ/USDC PERP
GMX INJ/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- −$199.3
- Price spread: −0.727% → 0.000%
- −$72.73
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$284.06
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: 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 Injective live order book, 3 min ago | 26.23 bp | 26.2 bp −$26 | 2824.8 bp −$28.2K | 118247.5 bp −$11.82M | 631236.9 bp −$315.62M |
| 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 | 7.7748 | −0.781% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7901 | −0.586% | $90K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7824 | −0.684% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7799 | −0.716% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7790 | −0.727% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0098% | 8h | 7.7810 | −0.702% | $38K | $63K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0099% | 1h | 7.7768 | −0.755% | $871K | $3.2M | 50x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7842 | −0.660% | $156K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7770 | −0.753% | $35.6M | $94.3M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7700 | −0.842% | $21.6M | $31.7M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Kraken Futures PF_INJUSD
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7750 | −0.778% | $6.4M | $20.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7780 | −0.740% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7810 | −0.702% | $9.5M | $16.4M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7760 | −0.766% | $14.3M | $10.9M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7936 | −0.541% | $273K | $157K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8040 | −0.408% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7796 | −0.720% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7900 | −0.587% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7830 | −0.676% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7810 | −0.702% | $31.8M | $22.9M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]short | L +0.0354% / S −0.0418% | 1h | 7.7790 | −0.727% | $46K | — | 100x | |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.8270 | −0.115% | $383K | $714K | 50x | as long as short |
| Hyperliquid INJ | +0.0814% | 1h | 7.7882 | −0.610% | $26.5M | $9.6M | 5x | as long as short |
| Injective INJ/USDC PERPlong | +0.1367% | 1h | 7.8360 | long leg | $321K | $12.1M | 30x |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Hyperliquid INJ