Funding you earn now, next payment 06:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.235%
Price spread now: GMX against Injective+0.843%7-day average −1.892% · 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)+1.154%+$115 on $10k
+Price spread, last 4 days (all we have)+0.866%+$87 · spread now +0.843%, 7d avg −1.892%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 2.735% dearer against Injective than usual: you sell high and buy low: +$274 more if the spread goes back to its 7-day average of −1.892%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective FIL/USDC PERP | 0.9855 | 0.0033 | pay 0.0004% / 1h | 48m 37s | $2K | $240K | 12x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9938 | L +0.0592% / S −0.0267% | get 0.0033% / 1h | 48m 37s | $265K | — | 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $48.99
- Price spread: +0.843% → −1.892%
- $273.53
- 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
- $310.5
- Costs to cover
- 0.120%
- Break-even
- from the start
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.
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0353% | 1h | 0.9942 | +0.883% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9932 | +0.781% | $356K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9938 | +0.846% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9955 | +1.015% | $58K | $1K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0015% | 8h | 0.9956 | +1.025% | $18.0M | $107.9M | 50x | as long as short |
| Injective FIL/USDC PERPlong | +0.0033% | 1h | 0.9855 | long leg | $2K | $240K | 12x | |
| KuCoin FILUSDTM | +0.0034% | 8h | 0.9954 | +1.005% | $7.3M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9954 | +1.006% | $146K | $376K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9954 | +1.002% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9961 | +1.077% | $508K | $613K | 20x | as long as short |
Show all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9961 | +1.075% | $56.6M | $185.8M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9958 | +1.045% | $15.8M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9959 | +1.055% | $8.4M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9953 | +0.994% | $235K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9953 | +0.994% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9955 | +1.015% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9926 | +0.718% | $449K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9904 | +0.492% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9935 | +0.812% | $291K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.660% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9946 | +0.922% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9930 | +0.761% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9935 | +0.812% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9944 | +0.903% | $618K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | +0.761% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9959 | +1.060% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9938 | +0.842% | $2.7M | $705K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0250% | 1h | 0.9943 | +0.891% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | L +0.0592% / S −0.0267% | 1h | 0.9938 | +0.843% | $265K | — | 100x |
Injective FIL/USDC PERP
GMX FIL/USD [WBTC.b-USDC]
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD