Funding you earn now, next payment 23:00 UTC−0.0584%/8h= −63.9% APRnext payment −$0.73 per $10,000 · paid last 24h −0.194%
Price spread now: GMX against Injective−0.149%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 −$18 a day on $10k at the current rate, and GMX is 0.149% cheaper against Injective than usual: you would sell low and buy high (−$15 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 AR/USDC PERP | 4.5720 | 0.0033 | pay 0.0004% / 1h | 13m 26s | $3K | $339 | 5.5x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.5652 | L −0.0140% / S +0.0551% | pay 0.0069% / 1h | 13m 26s | $587K | — | 50x |
Injective AR/USDC PERP
GMX AR/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
- −$122.63
- Price spread: −0.149% → 0.000%
- −$14.88
- 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
- −$149.53
- Costs to cover
- 0.120%
- Break-even
- never at this rate
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.
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.1896% | 1h | 4.5627 | −0.204% | $47K | $156K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0551% | 1h | 4.5652 | −0.149% | $587K | — | 50x | |
| Injective AR/USDC PERPlong | +0.0033% | 1h | 4.5720 | long leg | $3K | $339 | 5.5x | |
| OKX AR-USDT-SWAP | +0.0041% | 8h | 4.5550 | −0.372% | $2.3M | $20.7M | 20x | as long as short |
| Binance ARUSDT | +0.0080% | 8h | 4.5570 | −0.328% | $9.0M | $55.7M | 75x | as long as short |
| Extended AR-USD | +0.0080% | 1h | 4.5544 | −0.385% | $37K | $237K | 10x | as long as short |
| MEXC AR_USDT | +0.0081% | 8h | 4.5590 | −0.284% | $6.8M | $4.6M | 100x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5690 | −0.066% | $3.9M | $4.8M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5552 | −0.368% | $20K | $615K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5590 | −0.284% | $4.7M | $8.9M | 75x | as long as short |
Kraken Futures PF_ARUSD
OKX AR-USDT-SWAP
Binance ARUSDT
Extended AR-USD
MEXC AR_USDT
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AR_USDT | +0.0100% | 8h | 4.5570 | −0.328% | $2.6M | $2.3M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5580 | −0.306% | $1.4M | $1.1M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5530 | −0.416% | $3.9M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5540 | −0.394% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5644 | −0.166% | $138K | $173K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5690 | −0.066% | $58K | $749K | 50x | as long as short |
| BloFin AR-USDT | +0.0205% | 8h | 4.5640 | −0.175% | $424K | $683K | 20x | as long as short |
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
BloFin AR-USDT