S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.090%

Price spread now: Injective against GMX−1.940%57s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

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

Funding pays, the price is against you. Injective is 1.940% cheaper against GMX than usual: you would sell low and buy high (spread −1.940% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$194 on $10k: about 27 days of funding at the current rate (+$7 a day). 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 S/USD [WBTC.b-USDC]	0.04181	L −0.0206% / S +0.0198%	get 0.0026% / 1h	21m 52s	$1K	—	100x
Short	Injective S/USDC PERP	0.04100	0.0033	get 0.0004% / 1h	21m 52s	$2K	$37K	12x

Funding 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 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 InjectivebpOrdersPrice spread, now −1.940%Rate

Funding earned: $50.24
Price spread: −1.940% → 0.000%: −$193.97
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: −$155.75
Costs to cover: 0.120%
Break-even: 28.7 days

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.

S on 25 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
01 Exchange SUSD	−1.1600%	1h	0.04000	−4.331%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1893%	1h	0.04175	−0.149%	$34K	$18K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1064%	1h	0.04073	−2.585%	$49K	$17K	25x	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.04181	long leg	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04175	−0.144%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04181	−0.002%	$70K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04181	+0.007%	$644	—	150x	as long as short
Variational Omni S	+0.0006%	4h	0.04166	−0.368%	$647K	$5K	—	as long as short
Injective S/USDC PERPshort	+0.0033%	1h	0.04100	−1.940%	$2K	$37K	12x
Orderly PERP_S_USDC	+0.0093%	4h	0.04180	−0.026%	$104K	$598K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.04182	+0.022%	$180K	$142K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04181	−0.002%	$1.1M	$609K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04181	+0.003%	$45K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04181	+0.004%	$5.9M	$14.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04177	−0.098%	$6.0M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04183	+0.045%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04179	−0.050%	$342K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04181	−0.002%	$4.3M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04181	−0.002%	$1.9M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04178	−0.074%	$1.3M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04180	−0.026%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04170	−0.265%	$24K	$500K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04178	−0.071%	$236K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04183	+0.045%	$285K	$119K	75x	as long as short
Backpack S_USDC_PERP	+0.1237%	1h	0.04180	−0.026%	$102K	$461K	5x	as long as short