Funding you earn now, next payment 10:00 UTC−0.0770%/8h= −84.3% APRnext payment −$0.96 per $10,000 · paid last 24h +0.023%
Price spread now: Injective against GMX−0.099%57s7-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 −$23 a day on $10k at the current rate, and Injective is 0.099% 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. 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 OP/USD [OP-USDC] | 0.1258 | L −0.1164% / S +0.0246% | get 0.0145% / 1h | 55m 30s | $13K | — | 100x |
| Short | Injective OP/USDC PERP | 0.1257 | −0.1934 | pay 0.0242% / 1h | 55m 30s | $35K | $67K | 12x |
GMX OP/USD [OP-USDC]
Injective OP/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
- −$161.7
- Price spread: −0.099% → 0.000%
- −$9.86
- 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
- −$183.57
- 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.
OP on 30 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 OP/USDC PERPshort | −0.1934% | 1h | 0.1257 | −0.099% | $35K | $67K | 12x | |
| GMX OP/USD [OP-USDC]long | L −0.1164% / S +0.0246% | 1h | 0.1258 | long leg | $13K | — | 100x | |
| Deribit OP_USDC-PERPETUAL | −0.0545% | 1h | 0.1257 | −0.099% | $31K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0050% | 8h | 0.1258 | −0.019% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1253 | −0.437% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +0.429% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0023% | 8h | 0.1251 | −0.575% | $2.9M | $6.0M | 75x | as long as short |
| Variational Omni OP | +0.0075% | 8h | 0.1256 | −0.194% | $222K | $46K | — | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1259 | +0.060% | $25K | $70K | 50x | as long as short |
| Binance OPUSDT | +0.0085% | 8h | 0.1250 | −0.673% | $19.3M | $68.5M | 75x | as long as short |
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
Variational Omni OP
Coinbase International OP-PERP-INTX
Binance OPUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC OP_USDT | +0.0085% | 8h | 0.1251 | −0.560% | $22.2M | $7.5M | 300x | as long as short |
| Extended OP-USD | +0.0088% | 1h | 0.1250 | −0.655% | $103K | $572K | 25x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1254 | −0.353% | $287K | $1.0M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | −0.663% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1251 | −0.546% | $202K | $220K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | −0.718% | $18.1M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | −0.663% | $6.0M | $29.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1252 | −0.536% | $2.0M | $1.4M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | −0.734% | $5.8M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1250 | −0.655% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1256 | −0.202% | $113K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1258 | −0.026% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1261 | +0.219% | $306K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1259 | +0.060% | $44K | $692K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1256 | −0.162% | $197 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | +0.116% | $172K | $257K | 50x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | −0.037% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0205% | 8h | 0.1259 | +0.084% | $985K | $277K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1250 | −0.693% | $695 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0509% | 1h | 0.1257 | −0.074% | $742K | $744K | 20x | as long as short |
MEXC OP_USDT
Extended OP-USD
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD