S

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.092%

Price spread now: Injective against GMX−5.825%57s7-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 4 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 5.825% cheaper against GMX than usual: you would sell low and buy high (spread −5.825% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$583 on $10k: about 3 months of funding at the current rate (+$7 a day). The two prices were read 57 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	GMX S/USD [WBTC.b-USDC]	0.04354	L −0.0206% / S +0.0198%	get 0.0026% / 1h	29m 40s	$2K	—	100x
Short	Injective S/USDC PERP	0.04100	0.0033	get 0.0004% / 1h	29m 40s	$2K	$37K	12x

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 −5.825%Rate

Funding earned: $50.24
Price spread: −5.825% → 0.000%: −$582.51
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: −$544.28
Costs to cover: 0.120%
Break-even: 82.8 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.

S on 25 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_SUSD	−0.2605%	1h	0.04356	+0.067%	$37K	$24K	10x	as long as short
01 Exchange SUSD	−0.1904%	1h	0.04180	−3.988%	$25K	$3K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−1.047%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.04354	long leg	$2K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04351	−0.058%	$4	—	15x	as long as short
Variational Omni S	−0.0096%	4h	0.04314	−0.914%	$668K	$7K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04353	−0.003%	$671	—	150x	as long as short
Injective S/USDC PERPshort	+0.0033%	1h	0.04100	−5.825%	$2K	$37K	12x
Orderly PERP_S_USDC	+0.0070%	4h	0.04351	−0.060%	$108K	$634K	10x	as long as short
Lighter S	+0.0096%	1h	0.04349	−0.106%	$186K	$100K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04344	−0.232%	$1.1M	$741K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04343	−0.247%	$47K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04339	−0.328%	$6.3M	$17.1M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04332	−0.496%	$6.2M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04340	−0.312%	$1.2M	$5.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04341	−0.289%	$369K	$230K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04341	−0.289%	$4.5M	$2.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04347	−0.152%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04346	−0.175%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04339	−0.335%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04300	−1.231%	$25K	$511K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04339	−0.344%	$240K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04326	−0.634%	$305K	$123K	75x	as long as short
Backpack S_USDC_PERP	+0.0416%	1h	0.04360	+0.147%	$102K	$474K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0668%	1h	0.04360	+0.147%	$73K	$11K	10x	as long as short