Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.117%
Price spread now: Deribit against GMX+0.261%66s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.261% dearer against GMX than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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 INJ/USD [WBTC.b-USDC] | 7.7079 | L +0.0326% / S −0.0344% | pay 0.0041% / 1h | 14m 06s | $40K | — | 100x |
| Short | Deribit INJ_USDC-PERPETUAL | 7.7280 | 0.0359 | get 0.0045% / 1h | 14m 06s | $6K | $26K | 25x |
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $6.94
- Price spread: +0.261% → 0.000%
- $26.13
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $14.07
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Deribit: 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 Deribit no order-book sample | — | — | — | — | — |
GMX and Deribit: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7059 | −0.025% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7225 | +0.189% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.7215 | +0.177% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7244 | +0.214% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7250 | +0.222% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7213 | +0.175% | $149K | $447K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7230 | +0.196% | $34.1M | $103.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7214 | +0.176% | $21.4M | $32.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7210 | +0.170% | $6.1M | $20.7M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7200 | +0.157% | $2.7M | $5.9M | 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
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7200 | +0.157% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7190 | +0.145% | $14.1M | $11.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7018 | −0.079% | $273K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6740 | −0.439% | $46K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7253 | +0.227% | $115K | $640K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7170 | +0.119% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7230 | +0.196% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7220 | +0.183% | $30.7M | $20.8M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC]long | L +0.0326% / S −0.0344% | 1h | 7.7079 | long leg | $40K | — | 100x | |
| Deribit INJ_USDC-PERPETUALshort | +0.0359% | 1h | 7.7280 | +0.261% | $6K | $26K | 25x | |
| Hyperliquid INJ | +0.0477% | 1h | 7.7314 | +0.305% | $26.0M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0564% | 1h | 7.7335 | +0.333% | $810K | $3.6M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0608% | 1h | 7.7370 | +0.378% | $389K | $721K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1548% | 1h | 7.7290 | +0.274% | $315K | $12.5M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP