Funding you earn now, next payment 08:00 UTC−0.5206%/8h= −570.1% APRnext payment −$6.51 per $10,000 · paid last 24h −1.458%
Price spread now: Injective against GMX−5.977%57s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$156 a day on $10k at the current rate, and Injective is 5.977% cheaper against GMX than usual: you would sell low and buy high (−$598 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 BERA/USD [ETH-USDC] | 0.2287 | L +0.0206% / S −0.0592% | pay 0.0026% / 1h | 22m 10s | $2K | — | 100x |
| Short | Injective BERA/USDC PERP | 0.2150 | −0.5000 | pay 0.0625% / 1h | 22m 10s | $2K | $4K | 12x |
GMX BERA/USD [ETH-USDC]
Injective BERA/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1,093.3
- Price spread: −5.977% → 0.000%
- −$597.72
- 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
- −$1,703.04
- Costs to cover
- 0.120%
- Break-even
- never at this rate
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.
BERA 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERPshort | −0.5000% | 1h | 0.2150 | −5.977% | $2K | $4K | 12x | |
| Kraken Futures PF_BERAUSD | −0.1279% | 1h | 0.2284 | −0.106% | $51K | $21K | 20x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2286 | −0.030% | $9K | $45K | 25x | as long as short |
| BloFin BERA-USDT | +0.0054% | 4h | 0.2289 | +0.101% | $282K | $76K | 75x | as long as short |
| Orderly PERP_BERA_USDC | +0.0083% | 4h | 0.2286 | −0.030% | $9K | $787 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2286 | −0.034% | $64K | $74K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2288 | +0.071% | $2.9M | $588K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2289 | +0.101% | $13K | $22K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2286 | −0.014% | $5.5M | $9.3M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2285 | −0.073% | $3.1M | $2.1M | 25x | as long as short |
Kraken Futures PF_BERAUSD
Deribit BERA_USDC-PERPETUAL
BloFin BERA-USDT
Orderly PERP_BERA_USDC
Lighter BERA
Hyperliquid BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2284 | −0.117% | $1.4M | $1.9M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2288 | +0.058% | $344K | $271K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2287 | +0.014% | $1.2M | $321K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2288 | +0.058% | $551K | $128K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2290 | +0.145% | $1.5M | $779K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2288 | +0.058% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2286 | −0.030% | $25K | $204K | 5x | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2283 | −0.179% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2291 | +0.189% | $114K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.145% | $36K | $482K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2286 | −0.034% | $368 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0128% | 1h | 0.2287 | +0.014% | $3K | $864 | 5x | as long as short |
| GMX BERA/USD [ETH-USDC]long | L +0.0206% / S −0.0592% | 1h | 0.2287 | long leg | $2K | — | 100x | |
| Coinbase International BERA-PERP-INTX | +0.0816% | 1h | 0.2300 | +0.583% | $19K | $53K | 50x | as long as short |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Backpack BERA_USDC_PERP
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
Coinbase International BERA-PERP-INTX