MEW

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Injective against GMX−9.073%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

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—needs both histories

Funding pays, the price is against you. Injective is 9.073% cheaper against GMX than usual: you would sell low and buy high (spread −9.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$907 on $10k: about years of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEW/USD [WBTC.b-USDC]	0.0004640	L 0.0000% / S 0.0000%	get 0.0000% / 1h	16m 47s	—	—	100x
Short	Injective MEW/USDC PERP	0.0004219	0.0033	get 0.0004% / 1h	16m 47s	$46	$14K	5.5x

Funding 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 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 InjectivebpOrdersPrice spread, now −9.073%Rate

Funding earned: $7
Price spread: −9.073% → 0.000%: −$907.33
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: −$912.35
Costs to cover: 0.120%
Break-even: 919.3 days

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.

MEW on 12 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
GMX MEW/USD [WBTC.b-USDC]long	L 0.0000% / S 0.0000%	1h	0.0004640	long leg	—	—	100x
Injective MEW/USDC PERPshort	+0.0033%	1h	0.0004219	−9.073%	$46	$14K	5.5x
Binance MEWUSDT	+0.0100%	4h	0.0004646	+0.134%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004645	+0.108%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004643	+0.065%	$524K	$751K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004643	+0.065%	$135K	$119K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004647	+0.151%	$386K	$179K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004646	+0.129%	$336K	$116K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004648	+0.172%	$499K	$379K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004646	+0.129%	—	$24.2M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004644	+0.089%	$81K	$32K	—	as long as short
Kraken Futures PF_MEWUSD	+0.0815%	1h	0.0004649	+0.185%	$91K	$106K	10x	as long as short