Funding you earn now, next payment 09:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h +0.081%
Price spread now: Injective against GMX−0.902%57s7-day average 0.000% · 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)+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.862%+$86 · spread now −0.902%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 0.901% cheaper against GMX than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.034% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX UNI/USD [UNI-USDC] | 8.9104 | L +0.0381% / S −0.0244% | pay 0.0048% / 1h | 35m 58s | $634K | — | 120x |
| Short | Injective UNI/USDC PERP | 8.8300 | 0.0033 | get 0.0004% / 1h | 35m 58s | $660 | $153K | 12x |
GMX UNI/USD [UNI-USDC]
Injective UNI/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
- −$72.99
- Price spread: −0.902% → 0.000%
- −$90.15
- 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
- −$175.16
- 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.
UNI on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_UNIUSD | −0.0062% | 1h | 8.9163 | +0.067% | $4.7M | $8.5M | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.9105 | +0.002% | $77K | — | 150x | as long as short |
| Injective UNI/USDC PERPshort | +0.0033% | 1h | 8.8300 | −0.902% | $660 | $153K | 12x | |
| Deribit UNI_USDC-PERPETUAL | +0.0085% | 1h | 8.9163 | +0.067% | $591K | $273K | 50x | as long as short |
| Nado UNI-PERP | +0.0089% | 1h | 8.9035 | −0.077% | $733K | $4.6M | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9041 | −0.070% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9170 | +0.075% | $725K | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9090 | −0.015% | $288K | $565K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9124 | +0.023% | $217.0M | $648.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9100 | −0.004% | $98.8M | $110.0M | 75x | as long as short |
Kraken Futures PF_UNIUSD
gTrade (Gains Network) UNI/USD
Deribit UNI_USDC-PERPETUAL
Nado UNI-PERP
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9090 | −0.015% | $54.5M | $261.2M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9130 | +0.030% | $323K | $701K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9140 | +0.041% | $26.8M | $62.7M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9130 | +0.030% | $47.7M | $25.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9130 | +0.030% | $13.0M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9120 | +0.018% | $33.2M | $45.9M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9110 | +0.007% | — | $58.0M | — | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8960 | −0.161% | $4.1M | $4.0M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9005 | −0.110% | $168K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8997 | −0.119% | $622K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9030 | −0.083% | $90K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9140 | +0.041% | $14K | $3.5M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9108 | +0.005% | $104K | $615K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9070 | −0.038% | $17K | $2.4M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9130 | +0.030% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9108 | +0.005% | $32K | $890K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9145 | +0.047% | $706K | $4.7M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9130 | +0.030% | $26.9M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9076 | −0.030% | $300K | $1.8M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9111 | +0.009% | $32K | — | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0112% | 1h | 8.9088 | −0.017% | $445 | $5 | 10x | as long as short |
| Lighter UNI | +0.0120% | 1h | 8.9255 | +0.170% | $4.5M | $5.4M | 15x | as long as short |
| Hyperliquid UNI | +0.0157% | 1h | 8.9245 | +0.159% | $95.3M | $67.6M | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0208% | 1h | 8.9260 | +0.176% | $929K | $5.4M | 50x | as long as short |
| Backpack UNI_USDC_PERP | +0.0218% | 1h | 8.9209 | +0.118% | $1.1M | $2.5M | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9110 | +0.007% | $10.2M | $3.6M | 75x | as long as short |
| GMX UNI/USD [UNI-USDC]long | L +0.0381% / S −0.0244% | 1h | 8.9104 | long leg | $634K | — | 120x | |
| Reya UNIRUSDPERP | +0.0382% | 1h | 8.9103 | −0.001% | $16K | — | 20x | as long as short |
| Aftermath Perps UNIUSD | +0.0406% | 1h | 8.9160 | +0.063% | $1K | $52K | 10x | as long as short |
| dYdX UNI-USD | +0.0556% | 1h | 8.9072 | −0.035% | $234K | $31K | 10x | as long as short |
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
Lighter UNI
Hyperliquid UNI
Coinbase International UNI-PERP-INTX
Backpack UNI_USDC_PERP
BloFin UNI-USDT
Reya UNIRUSDPERP
Aftermath Perps UNIUSD
dYdX UNI-USD