Settings8H · net · $10k
Funding arb · Price arb /

OKB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.223%
Price spread now: GMX against Injective+0.777%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.777% dearer against Injective than usual: you sell high and buy low: +$78 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OKB/USDC PERP123.180.0033pay 0.0004% / 1h50m 16s$25$304K5.5x
ShortGMX OKB/USD [ETH-USDC]124.14L +0.0270% / S −0.0266%get 0.0033% / 1h50m 16s$3K100x

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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$48.77
Price spread: +0.777% → 0.000%
$77.74
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
$114.49
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell GMX no order-book sample
Injective and 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.

OKB on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OKBUSDT−0.6002%1h122.35−0.675%$49K$25K5xas long as short
Injective OKB/USDC PERPlong+0.0033%1h123.18long leg$25$304K5.5x
BingX OKB-USDT+0.0036%4h124.19+0.820%$2.8Mas long as short
Bybit OKBUSDT+0.0100%4h124.30+0.909%$2.6M$974K25xas long as short
OKX OKB-USDT-SWAP+0.0100%4h124.14+0.779%$30.4M$46.2M20xas long as short
Gate OKB_USDT+0.0100%8h124.25+0.869%$1.5M$664K25xas long as short
MEXC OKB_USDT+0.0100%4h124.18+0.812%$1.2M$456K25xas long as short
Variational Omni OKB+0.0100%4h124.23+0.853%$55K$39Kas long as short
HTX OKB-USDT+0.0100%8h124.40+0.990%$68K$293K10xas long as short
GMX OKB/USD [ETH-USDC]shortL +0.0270% / S −0.0266%1h124.14+0.777%$3K100x