Funding you earn now, next payment 05:00 UTC−0.0168%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.007%
Price spread now: Injective against GMX+0.975%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 0.975% dearer against GMX than usual: you sell high and buy low (spread +0.975% now, against zero (this spread has no 7-day history yet)): +$98 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.1991 | L +0.0201% / S −0.0301% | pay 0.0025% / 1h | 22m 52s | $13K | — | 100x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 22m 52s | $3K | $166K | 12x |
GMX FET/USD [ETH-USDC]
Injective FET/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.18
- Price spread: +0.975% → 0.000%
- $97.51
- 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
- $50.31
- 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.
FET on 20 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 FET_USDC-PERPETUAL | −0.3255% | 1h | 0.1990 | −0.030% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.2005 | +0.724% | $148K | $257K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0367% | 1h | 0.1994 | +0.167% | $975K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1991 | +0.045% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | +0.975% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.1990 | −0.053% | $192K | $808K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1989 | −0.090% | $30.4M | $114.0M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1988 | −0.130% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1988 | −0.130% | $29.5M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1989 | −0.080% | $10.3M | $18.6M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.1999 | +0.429% | $274K | $478K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1991 | +0.021% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1989 | −0.068% | $33K | $253K | 10x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0301% | 1h | 0.1991 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.1993 | +0.121% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0244% | 8h | 0.1990 | −0.030% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0250% | 8h | 0.1991 | +0.021% | $16.1M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0367% | 4h | 0.1990 | −0.030% | $1.0M | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.2001 | +0.513% | $35K | $38K | 5x | as long as short |
| Hyperliquid FET | +0.0663% | 1h | 0.1991 | +0.001% | $8.5M | $8.4M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET