ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.049%

Price spread now: GMX against Injective−1.148%7-day average — · you buy dearer than you sell

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

Long on Injective Short on GMX

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

Funding pays, the price is against you. GMX is 1.148% cheaper against Injective than usual: you would sell low and buy high (spread −1.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$115 on $10k: about 17 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ALGO/USDC PERP	0.1120	0.0033	pay 0.0004% / 1h	10m 49s	$834	$233K	12x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1107	L +0.0318% / S −0.0264%	get 0.0033% / 1h	10m 49s	$6K	—	100x

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

Position, each leg$Hold fordaysFee InjectivebpFee GMXbpOrdersPrice spread, now −1.148%Rate

Funding earned: $48.37
Price spread: −1.148% → 0.000%: −$114.82
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: −$78.47
Costs to cover: 0.120%
Break-even: 18.4 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.

ALGO on 22 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
Deribit ALGO_USDC-PERPETUAL	−0.0292%	1h	0.1107	−1.179%	$87K	$45K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0273%	1h	0.1107	−1.122%	$823K	$1.1M	50x	as long as short
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1107	−1.177%	$16K	—	150x	as long as short
Injective ALGO/USDC PERPlong	+0.0033%	1h	0.1120	long leg	$834	$233K	12x
Hyperliquid ALGO	+0.0100%	1h	0.1109	−0.964%	$3.4M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1107	−1.175%	$44K	$36K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1107	−1.161%	$9.4M	$34.4M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1107	−1.170%	$10.9M	$12.8M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1108	−1.107%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1106	−1.259%	$835K	$944K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1107	−1.196%	$23.0M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1107	−1.187%	$3.5M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1107	−1.161%	$5.5M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1107	−1.170%	—	$3.4M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1106	−1.273%	$61K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1106	−1.205%	$60K	$133K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1109	−0.982%	$3.7M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1106	−1.233%	$4K	$199K	10x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0136%	1h	0.1109	−0.938%	$63K	$193K	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1108	−1.098%	$472K	$874K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0318% / S −0.0264%	1h	0.1107	−1.148%	$6K	—	100x
dYdX ALGO-USD	+0.0927%	1h	0.1107	−1.174%	$160K	$5K	5x	as long as short