Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Bybit against Injective+2.996%78s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 2.996% dearer against Injective than usual: you sell high and buy low: +$300 more if the spread goes back to zero (this spread has no 7-day history yet). 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 | Injective A/USDC PERP | 0.08945 | 0.0033 | pay 0.0004% / 1h | 32m 03s | $1K | $5 | 5.5x |
| Short | Bybit AUSDT | 0.09213 | 0.0100 | get 0.0050% / 4h | 2h 32m | $3.2M | $972K | 50x |
Injective A/USDC PERP
Bybit AUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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: +2.996% → 0.000%
- $299.61
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $302.59
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 10 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 10 min ago | 5.94 bp | 36.6 bp −$37 | 312.8 bp −$3,128 | doesn't fit | doesn't fit |
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 PERPlong | +0.0033% | 1h | 0.08945 | long leg | $1K | $5 | 5.5x | |
| BloFin A-USDT | +0.0076% | 4h | 0.09223 | +3.108% | $149K | $7K | 75x | as long as short |
| Binance AUSDT | +0.0100% | 4h | 0.09223 | +3.112% | $2.9M | $3.2M | 75x | as long as short |
| Bybit AUSDTshort | +0.0100% | 4h | 0.09213 | +2.996% | $3.2M | $972K | 50x | |
| OKX A-USDT-SWAP | +0.0100% | 4h | 0.09221 | +3.086% | $735K | $509K | 10x | as long as short |
| Gate A_USDT | +0.0100% | 4h | 0.09228 | +3.164% | $217K | $67K | 50x | as long as short |
| MEXC A_USDT | +0.0100% | 4h | 0.09222 | +3.097% | $4.0M | $139K | 100x | as long as short |
| KuCoin AUSDTM | +0.0100% | 4h | 0.09248 | +3.387% | $672K | $47K | 75x | as long as short |
| Bitget AUSDT | +0.0100% | 4h | 0.09232 | +3.208% | $883K | $190K | 75x | as long as short |
| BingX A-USDT | +0.0100% | 4h | 0.09225 | +3.130% | — | $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 | 0.09222 | +3.097% | $1K | $1 | — | as long as short |
Variational Omni A