Funding you earn now, next payment 01:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +0.351%
Price spread now: Injective against Bybit+6.173%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.467%+$47 on $10k
+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 +$147 a day on $10k at the current rate, and Injective is 6.173% dearer against Bybit than usual: you sell high and buy low: +$617 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.467% in total (about 24.3% a year). A funding rate is set anew for every payment. 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 | Bybit CELOUSDT | 0.09541 | 0.0100 | pay 0.0100% / 8h | 7h 42m | $1.3M | $901K | 50x |
| Short | Injective CELO/USDC PERP | 0.1013 | 0.5000 | get 0.0625% / 1h | 42m 37s | $764 | $386 | 5.5x |
Bybit CELOUSDT
Injective CELO/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
- $1,029
- Price spread: +6.173% → 0.000%
- $617.34
- 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
- $1,635.32
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 3 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, 3 min ago | 6.28 bp | 97.6 bp −$98 | 157.1 bp −$1,571 | 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.
CELO on 13 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_CELOUSD | −0.1511% | 1h | 0.09596 | +0.574% | $19K | $8K | 10x | as long as short |
| Variational Omni CELO | +0.0013% | 8h | 0.09523 | −0.194% | $10K | $1K | — | as long as short |
| BloFin CELO-USDT | +0.0073% | 8h | 0.09550 | +0.094% | $103K | $20K | 75x | as long as short |
| Hyperliquid CELO | +0.0100% | 1h | 0.09556 | +0.160% | $206K | $197K | 3x | as long as short |
| Binance CELOUSDT | +0.0100% | 8h | 0.09554 | +0.136% | $2.0M | $4.0M | 50x | as long as short |
| Bybit CELOUSDTlong | +0.0100% | 8h | 0.09541 | long leg | $1.3M | $901K | 50x | |
| OKX CELO-USDT-SWAP | +0.0100% | 8h | 0.09545 | +0.042% | $493K | $1.0M | 20x | as long as short |
| Gate CELO_USDT | +0.0100% | 8h | 0.09553 | +0.126% | $101K | $42K | 50x | as long as short |
| MEXC CELO_USDT | +0.0100% | 8h | 0.09543 | +0.021% | $629K | $267K | 50x | as long as short |
| KuCoin CELOUSDTM | +0.0100% | 8h | 0.09550 | +0.094% | $333K | $274K | 50x | as long as short |
Kraken Futures PF_CELOUSD
Variational Omni CELO
BloFin CELO-USDT
Hyperliquid CELO
Binance CELOUSDT
OKX CELO-USDT-SWAP
Gate CELO_USDT
MEXC CELO_USDT
KuCoin CELOUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CELOUSDT | +0.0100% | 8h | 0.09552 | +0.115% | $890K | $429K | 50x | as long as short |
| BingX CELO-USDT | +0.0100% | 8h | 0.09560 | +0.199% | — | $2.4M | — | as long as short |
| Injective CELO/USDC PERPshort | +0.5000% | 1h | 0.1013 | +6.173% | $764 | $386 | 5.5x |
Bitget CELOUSDT
BingX CELO-USDT