INJ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h +0.055%

Price spread now: Hyperliquid against GMX+0.134%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.134% dearer against GMX than usual: you sell high and buy low (spread +0.134% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX INJ/USD [WBTC.b-USDC]	7.5691	L +0.0267% / S −0.0198%	pay 0.0033% / 1h	22m 26s	$29K	—	100x
Short	Hyperliquid INJ	7.5792	0.0100	get 0.0013% / 1h	22m 26s	$25.6M	$8.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$35.09
Price spread: +0.134% → 0.000%: $13.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$42.74
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 11 min ago. 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 Hyperliquid live order book, 11 min ago	0.59 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit

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 24 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	7.5682	−0.012%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.5656	−0.046%	$78K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5647	−0.058%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.5681	−0.013%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.5610	−0.107%	$68K	—	3x	as long as short
Hyperliquid INJshort	+0.0100%	1h	7.5792	+0.134%	$25.6M	$8.9M	5x
Aster INJUSDT	+0.0100%	8h	7.5679	−0.016%	$140K	$422K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5701	+0.014%	$33.4M	$96.7M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.5680	−0.014%	$21.1M	$32.0M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5710	+0.025%	$6.1M	$19.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDT	+0.0100%	8h	7.5670	−0.028%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.5700	+0.012%	$9.4M	$17.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.5660	−0.041%	$13.9M	$10.6M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.5551	−0.185%	$265K	$151K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5620	−0.094%	$45K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5640	−0.067%	$34K	$94K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5693	+0.002%	$112K	$366K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5630	−0.080%	$1.7M	$5.9M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]long	L +0.0267% / S −0.0198%	1h	7.5691	long leg	$29K	—	100x
BingX INJ-USDT	+0.0271%	8h	7.5680	−0.014%	—	$21.2M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.5740	+0.065%	$29.9M	$21.3M	300x	as long as short
Kraken Futures PF_INJUSD	+0.0325%	1h	7.5649	−0.056%	$820K	$3.4M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.5710	+0.025%	$372K	$604K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.5910	+0.289%	$316K	$12.1M	30x	as long as short