Funding you earn now, next payment 11:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.090%
Price spread now: Bybit against GMX−0.104%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.104% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX INJ/USD [WBTC.b-USDC] | 7.6830 | L +0.0324% / S −0.0344% | pay 0.0041% / 1h | 55m 51s | $40K | — | 100x |
| Short | Bybit INJUSDT | 7.6750 | 0.0100 | get 0.0100% / 8h | 5h 55m | $21.0M | $30.1M | 50x |
GMX INJ/USD [WBTC.b-USDC]
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$47.05
- Price spread: −0.104% → 0.000%
- −$10.37
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.42
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 1 min ago. 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 Bybit live order book, 1 min ago | 0.65 bp | 14.2 bp −$14 | 39.5 bp −$395 | 149.5 bp −$15.0K | doesn't fit |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6786 | −0.056% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7018 | +0.245% | $79K | $14K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0023% | 1h | 7.6940 | +0.144% | $18K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6822 | −0.010% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6840 | +0.013% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6833 | +0.004% | $147K | $308K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6822 | −0.010% | $34.0M | $97.3M | 75x | as long as short |
| Bybit INJUSDTshort | +0.0100% | 8h | 7.6750 | −0.104% | $21.0M | $30.1M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6760 | −0.091% | $5.8M | $20.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6770 | −0.078% | $2.7M | $5.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6780 | −0.065% | $8.5M | $18.0M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6750 | −0.104% | $14.1M | $11.1M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6867 | +0.048% | $275K | $125K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7170 | +0.443% | $46K | $265K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6797 | −0.043% | $114K | $646K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0153% | 1h | 7.6860 | +0.039% | $5K | $11K | 25x | as long as short |
| Hyperliquid INJ | +0.0210% | 1h | 7.6904 | +0.097% | $25.8M | $7.9M | 5x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7010 | +0.235% | $1.6M | $5.3M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6790 | −0.052% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6830 | 0.000% | $30.8M | $20.2M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]long | L +0.0324% / S −0.0344% | 1h | 7.6830 | long leg | $40K | — | 100x | |
| Coinbase International INJ-PERP-INTX | +0.0728% | 1h | 7.7270 | +0.573% | $386K | $653K | 50x | as long as short |
| Kraken Futures PF_INJUSD | +0.1026% | 1h | 7.6899 | +0.090% | $895K | $3.5M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1301% | 1h | 7.7370 | +0.703% | $317K | $12.2M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP