Settings8H · net · $10k
Funding arb · Price arb /

OKB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0236%/8h= −25.8% APRnext payment $0.29 per $10,000 · paid last 24h −0.074%
Price spread now: Injective against GMX+1.845%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 1.845% dearer against GMX than usual: you sell high and buy low (spread +1.845% now, against zero (this spread has no 7-day history yet)): +$185 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 26 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX OKB/USD [ETH-USDC]120.95L +0.0269% / S −0.0266%pay 0.0034% / 1h46m 36s$3K100x
ShortInjective OKB/USDC PERP123.180.0033get 0.0004% / 1h46m 36s$25$302K5.5x

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

Funding earned
−$49.5
Price spread: +1.845% → 0.000%
$184.54
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
$123.02
Costs to cover
0.120%
Break-even
from the start
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
LegHalf-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.

OKB on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OKBUSDT−0.1834%1h120.41−0.445%$49K$39K5xas long as short
Injective OKB/USDC PERPshort+0.0033%1h123.18+1.845%$25$302K5.5x
BingX OKB-USDT+0.0036%4h121.04+0.076%$2.8Mas long as short
Bybit OKBUSDT+0.0100%4h121.15+0.167%$2.5M$1.0M25xas long as short
OKX OKB-USDT-SWAP+0.0100%4h121.02+0.060%$29.8M$47.3M20xas long as short
Gate OKB_USDT+0.0100%8h120.99+0.035%$1.5M$659K25xas long as short
MEXC OKB_USDT+0.0100%4h121.02+0.060%$1.1M$471K25xas long as short
Variational Omni OKB+0.0100%4h121.23+0.237%$56K$34Kas long as short
HTX OKB-USDT+0.0100%8h121.37+0.349%$65K$330K10xas long as short
GMX OKB/USD [ETH-USDC]longL +0.0269% / S −0.0266%1h120.95long leg$3K100x