Funding you earn now, next payment 01:00 UTC−0.0426%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.037%
Price spread now: GMX against Coinbase International−0.416%7-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 −$13 a day on $10k at the current rate, and GMX is 0.416% cheaper against Coinbase International than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International INJ-PERP-INTX | 7.8450 | 0.0624 | pay 0.0078% / 1h | 19m 28s | $383K | $603K | 50x |
| Short | GMX INJ/USD [WBTC.b-USDC] | 7.8124 | L +0.0269% / S −0.0198% | get 0.0025% / 1h | 19m 28s | $30K | — | 100x |
Coinbase International INJ-PERP-INTX
GMX INJ/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Coinbase International. 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
- −$89.5
- Price spread: −0.416% → 0.000%
- −$41.61
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$153.11
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 49 min ago; 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 Coinbase International live order book, 49 min ago | 10.20 bp | 27.9 bp −$28 | 69.7 bp −$697 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.
INJ on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8219 | −0.295% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8153 | −0.379% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8200 | −0.318% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0022% | 1h | 7.8155 | −0.376% | $81K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8135 | −0.402% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8160 | −0.370% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8228 | −0.283% | $35.5M | $91.5M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8240 | −0.268% | $22.1M | $31.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8190 | −0.331% | $6.3M | $19.0M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8190 | −0.331% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8190 | −0.331% | $9.4M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8200 | −0.319% | $14.4M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8251 | −0.254% | $275K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8260 | −0.242% | $47K | $280K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8240 | −0.268% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8139 | −0.397% | $117K | $365K | 10x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]short | L +0.0269% / S −0.0198% | 1h | 7.8124 | −0.416% | $30K | — | 100x | |
| BingX INJ-USDT | +0.0271% | 8h | 7.8210 | −0.306% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8220 | −0.293% | $32.0M | $21.3M | 300x | as long as short |
| Hyperliquid INJ | +0.0384% | 1h | 7.8319 | −0.167% | $26.4M | $8.9M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0405% | 1h | 7.8167 | −0.361% | $869K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0624% | 1h | 7.8450 | long leg | $383K | $603K | 50x | |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8660 | +0.268% | $328K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP