Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.048%
Price spread now: GMX against Injective−0.707%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
Funding pays, the price is against you. GMX is 0.707% cheaper against Injective than usual: you would sell low and buy high (spread −0.707% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$71 on $10k: about 26 days of funding at the current rate (+$3 a day). 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 SKY/USDC PERP | 0.07172 | 0.0158 | pay 0.0020% / 1h | 55m 53s | $392 | $303K | 12x |
| Short | GMX SKY/USD [ETH-USDC] | 0.07121 | L +0.0528% / S −0.0248% | get 0.0031% / 1h | 55m 53s | $84K | — | 50x |
Injective SKY/USDC PERP
GMX SKY/USD [ETH-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
- $18.76
- Price spread: −0.707% → 0.000%
- −$70.69
- 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
- −$63.96
- Costs to cover
- 0.120%
- Break-even
- 30.9 days
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| Leg | Half-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.
SKY on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0617% | 4h | 0.07088 | −1.178% | $195K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0237% | 4h | 0.07120 | −0.725% | $7.7M | $3.4M | 25x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07126 | −0.646% | $187K | $155K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07118 | −0.756% | $70K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07128 | −0.617% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07129 | −0.600% | $16.2M | $10.4M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07126 | −0.641% | $858K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07116 | −0.781% | $607K | $255K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07132 | −0.558% | $1.1M | $284K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07125 | −0.655% | $430K | $289K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKYUSDT | +0.0100% | 4h | 0.07130 | −0.586% | $2.9M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07126 | −0.641% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07106 | −0.920% | $20K | $683K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07124 | −0.676% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0155% | 4h | 0.07113 | −0.823% | $593K | $29K | 75x | as long as short |
| Injective SKY/USDC PERPlong | +0.0158% | 1h | 0.07172 | long leg | $392 | $303K | 12x | |
| Hyperliquid SKY | +0.0284% | 1h | 0.07136 | −0.501% | $3.0M | $929K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC]short | L +0.0528% / S −0.0248% | 1h | 0.07121 | −0.707% | $84K | — | 50x |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY