Funding you earn now, next payment 05:00 UTC+0.0431%/8h= +47.1% APRnext payment +$0.54 per $10,000 · paid last 24h +0.054%
Price spread now: GMX against Kraken Futures+0.253%54s7-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
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.253% dearer against Kraken Futures than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | Kraken Futures PF_INJUSD | 7.6070 | −0.0233 | get 0.0029% / 1h | 44m 22s | $803K | $3.4M | 50x |
| Short | GMX INJ/USD [WBTC.b-USDC] | 7.6263 | L +0.0268% / S −0.0198% | get 0.0025% / 1h | 44m 22s | $29K | — | 100x |
Kraken Futures PF_INJUSD
GMX INJ/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- $90.42
- Price spread: +0.253% → 0.000%
- $25.32
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $93.74
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago | 11.82 bp | 18.2 bp −$18 | 34.5 bp −$345 | 3066.1 bp −$306.6K | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSDlong | −0.0233% | 1h | 7.6070 | long leg | $803K | $3.4M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6193 | +0.161% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6098 | +0.036% | $79K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.6079 | +0.011% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.6261 | +0.250% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6042 | −0.038% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6240 | +0.223% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6285 | +0.282% | $25.7M | $8.8M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6131 | +0.080% | $140K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6250 | +0.236% | $33.3M | $96.2M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.6220 | +0.197% | $21.3M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6220 | +0.197% | $6.2M | $18.8M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6090 | +0.026% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6220 | +0.197% | $9.5M | $17.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6190 | +0.157% | $14.0M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6012 | −0.077% | $267K | $146K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6040 | −0.040% | $46K | $271K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6098 | +0.036% | $113K | $359K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6060 | −0.014% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6230 | +0.210% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6210 | +0.183% | $30.2M | $21.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]short | L +0.0268% / S −0.0198% | 1h | 7.6263 | +0.253% | $29K | — | 100x | |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.6170 | +0.131% | $369K | $615K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1172% | 1h | 7.6210 | +0.183% | $318K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP