S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0236%/8h= +25.8% APRnext payment +$0.29 per $10,000 · paid last 24h +0.123%

Price spread now: Injective against GMX+4.539%57s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Injective

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 4.539% dearer against GMX than usual: you sell high and buy low: +$454 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX S/USD [WBTC.b-USDC]	0.03922	L −0.0202% / S +0.0195%	get 0.0025% / 1h	28m 27s	$1K	—	100x
Short	Injective S/USDC PERP	0.04100	0.0033	get 0.0004% / 1h	28m 27s	$2K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. 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

Position, each leg$Hold fordaysFee GMXbpFee InjectivebpOrdersPrice spread, now +4.539%Rate

Funding earned: $49.46
Price spread: +4.539% → 0.000%: $453.85
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $491.29
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Injective: 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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and Injective: 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.

S on 25 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
01 Exchange SUSD	−0.6080%	1h	0.03850	−1.836%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2128%	1h	0.03919	−0.064%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.448%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0995%	4h	0.03911	−0.279%	$608K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0202% / S +0.0195%	1h	0.03922	long leg	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.03917	−0.126%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03921	−0.018%	$604	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03918	−0.102%	$100K	$340K	10x	as long as short
Injective S/USDC PERPshort	+0.0033%	1h	0.04100	+4.539%	$2K	$37K	12x
Lighter S	+0.0096%	1h	0.03923	+0.025%	$164K	$217K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03921	−0.033%	$982K	$695K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03928	+0.159%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03918	−0.100%	$5.4M	$17.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03913	−0.229%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03916	−0.153%	$980K	$4.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	−0.127%	$320K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03919	−0.076%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03920	−0.051%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03921	−0.025%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03916	−0.153%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03920	−0.051%	$114K	$312K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.051%	$25K	$454K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03917	−0.120%	$220K	$877K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03916	−0.153%	$267K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0514%	1h	0.03928	+0.153%	$66K	$10K	10x	as long as short