Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.023%
Price spread now: Injective against Bybit−3.391%78s7-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 −$2 a day on $10k at the current rate, and Injective is 3.391% cheaper against Bybit than usual: you would sell low and buy high (−$339 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | Bybit AUSDT | 0.09259 | 0.0100 | pay 0.0050% / 4h | 10m 06s | $3.2M | $989K | 50x |
| Short | Injective A/USDC PERP | 0.08945 | 0.0033 | get 0.0004% / 1h | 10m 06s | $1K | $5 | 5.5x |
Bybit AUSDT
Injective A/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: −3.391% → 0.000%
- −$339.13
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$364.15
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; 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 Bybit live order book, 2 min ago | 4.32 bp | 38.5 bp −$38 | 366.7 bp −$3,667 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
A on 11 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 A/USDC PERPshort | +0.0033% | 1h | 0.08945 | −3.391% | $1K | $5 | 5.5x | |
| BloFin A-USDT | +0.0086% | 4h | 0.09272 | +0.140% | $148K | $8K | 75x | as long as short |
| Binance AUSDT | +0.0100% | 4h | 0.09271 | +0.130% | $2.9M | $3.2M | 75x | as long as short |
| Bybit AUSDTlong | +0.0100% | 4h | 0.09259 | long leg | $3.2M | $989K | 50x | |
| OKX A-USDT-SWAP | +0.0100% | 4h | 0.09274 | +0.162% | $722K | $538K | 10x | as long as short |
| Gate A_USDT | +0.0100% | 4h | 0.09269 | +0.108% | $219K | $68K | 50x | as long as short |
| MEXC A_USDT | +0.0100% | 4h | 0.09270 | +0.119% | $4.0M | $146K | 100x | as long as short |
| KuCoin AUSDTM | +0.0100% | 4h | 0.09284 | +0.270% | $685K | $50K | 75x | as long as short |
| Bitget AUSDT | +0.0100% | 4h | 0.09276 | +0.184% | $912K | $270K | 75x | as long as short |
| BingX A-USDT | +0.0100% | 4h | 0.09274 | +0.162% | — | $6.5M | — | as long as short |
BloFin A-USDT
Binance AUSDT
OKX A-USDT-SWAP
Gate A_USDT
MEXC A_USDT
KuCoin AUSDTM
Bitget AUSDT
BingX A-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni A | +0.0100% | 4h | 0.09252 | −0.079% | $1K | $1 | — | as long as short |
Variational Omni A