INJ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0153%/8h= −16.8% APRnext payment −$0.19 per $10,000 · paid last 24h −0.046%

Price spread now: Kraken Futures against GMX+0.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.073% dearer against GMX than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX INJ/USD [WBTC.b-USDC]	7.8698	L +0.0356% / S −0.0418%	pay 0.0044% / 1h	38m 55s	$47K	—	100x
Short	Kraken Futures PF_INJUSD	7.8756	0.0203	get 0.0025% / 1h	38m 55s	$906K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$32.13
Price spread: +0.073% → 0.000%: $7.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.87
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	8.22 bp	18.3 bp −$18	29.2 bp −$292	456.4 bp −$45.6K	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 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	7.8693	−0.007%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8732	+0.042%	$91K	$8K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.8720	+0.027%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8727	+0.036%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8685	−0.017%	$71K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0099%	8h	7.8710	+0.015%	$37K	$65K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8774	+0.096%	$158K	$449K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8744	+0.058%	$35.9M	$95.0M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8690	−0.011%	$22.2M	$32.3M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8730	+0.040%	$6.4M	$20.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDT	+0.0100%	8h	7.8710	+0.015%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8740	+0.053%	$9.5M	$16.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8710	+0.015%	$14.5M	$10.7M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.8795	+0.123%	$281K	$160K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8920	+0.282%	$48K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8737	+0.049%	$120K	$460K	10x	as long as short
Kraken Futures PF_INJUSDshort	+0.0203%	1h	7.8756	+0.073%	$906K	$3.1M	50x
BloFin INJ-USDT	+0.0220%	8h	7.8740	+0.053%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8730	+0.040%	—	$21.6M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8770	+0.091%	$31.9M	$22.7M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]long	L +0.0356% / S −0.0418%	1h	7.8698	long leg	$47K	—	100x
Hyperliquid INJ	+0.0564%	1h	7.8829	+0.166%	$26.6M	$9.6M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8880	+0.231%	$386K	$722K	50x	as long as short
Injective INJ/USDC PERP	+0.1298%	1h	7.9180	+0.612%	$324K	$12.1M	30x	as long as short