Funding you earn now, next payment 00:00 UTC−0.0460%/8h= −50.4% APRpaid last 24h −0.020%
Price spread now: Injective against Bybit−0.455%58s7-day average −3.732% · 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)−0.070%−$7 on $10k
+Price spread, last 3 days (all we have)−3.704%−$370 · spread now −0.455%, 7d avg −3.732%
=The price spread pays, funding is against you. Injective is 3.276% dearer against Bybit than usual: you sell high and buy low (spread −0.455% now, against its 7-day average of −3.732%): +$328 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 4 days (−0.070% in total) that is about 6 months. The two prices were read 58 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 -0.070% in total (about -6.5% 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 CROUSDT | 0.06590 | 0.0464 | pay 0.0464% / 8h | 8m 16s | $5.5M | $4.8M | 25x |
| Short | Injective CRO/USDC PERP | 0.06560 | 0.0004 | get 0.0000% / 1h | 8m 16s | $5 | $129K | 5.5x |
Bybit CROUSDT
Injective CRO/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
- −$96.68
- Price spread: −0.455% → −3.732%
- $327.65
- 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
- $219.95
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 5 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, 5 min ago | 3.80 bp | 19.8 bp −$20 | 79.5 bp −$795 | 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.
CRO 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX CRO/USD [WBTC.b-USDC] | L −0.0061% / S +0.0353% | 1h | 0.06581 | −0.143% | $51K | — | 100x | as long as short |
| Injective CRO/USDC PERPshort | +0.0004% | 1h | 0.06560 | −0.455% | $5 | $129K | 5.5x | |
| OKX CRO-USDT-SWAP | +0.0100% | 8h | 0.06589 | −0.015% | $2.3M | $4.0M | 20x | as long as short |
| Gate CRO_USDT | +0.0100% | 8h | 0.06587 | −0.046% | $817K | $286K | 25x | as long as short |
| MEXC CRO_USDT | +0.0100% | 8h | 0.06587 | −0.046% | $8.5M | $1.2M | 200x | as long as short |
| BloFin CRO-USDT | +0.0220% | 8h | 0.06586 | −0.061% | $151K | $310K | 20x | as long as short |
| Lighter CRO | +0.0264% | 1h | 0.06598 | +0.121% | $54K | $34K | 3x | as long as short |
| Bybit CROUSDTlong | +0.0464% | 8h | 0.06590 | long leg | $5.5M | $4.8M | 25x | |
| Variational Omni CRO | +0.0695% | 8h | 0.06584 | −0.098% | $158K | $240K | — | as long as short |
| BingX CRO-USDT | +0.1023% | 8h | 0.06588 | −0.030% | — | $2.6M | — | as long as short |
GMX CRO/USD [WBTC.b-USDC]
OKX CRO-USDT-SWAP
Gate CRO_USDT
MEXC CRO_USDT
BloFin CRO-USDT
Lighter CRO
Variational Omni CRO
BingX CRO-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CROUSDT | +0.1107% | 8h | 0.06610 | +0.303% | $3.0M | $1.9M | 25x | as long as short |
| Kraken Futures PF_CROUSD | +0.1422% | 1h | 0.06598 | +0.114% | $52K | $20K | 10x | as long as short |
| KuCoin CROUSDTM | +0.1664% | 8h | 0.06550 | −0.607% | $3.7M | $614K | 20x | as long as short |
Bitget CROUSDT
Kraken Futures PF_CROUSD
KuCoin CROUSDTM