Funding you earn now, next payment 01:00 UTC+0.0489%/8h= +53.5% APRpaid last 24h +0.056%
Price spread now: Bybit against Injective+0.015%118s7-day average +3.694% · 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)+0.116%+$12 on $10k
+Price spread, last 3 days (all we have)+4.182%+$418 · spread now +0.015%, 7d avg +3.694%
=Funding pays, the price is against you. Bybit is 3.678% cheaper against Injective than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +3.694%). If the spread goes back, that is −$368 on $10k: about 25 days of funding at the current rate (+$15 a day). At the pace of the last 4 days (+0.116% in total) that is about 4 months. The two prices were read 118 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 0.116% in total (about 10.7% 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 | Injective CRO/USDC PERP | 0.06560 | 0.0033 | pay 0.0004% / 1h | 43m 26s | $5 | $129K | 5.5x |
| Short | Bybit CROUSDT | 0.06561 | 0.0522 | get 0.0522% / 8h | 7h 43m | $5.5M | $4.8M | 25x |
Injective CRO/USDC PERP
Bybit CROUSDTFunding 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
- $102.63
- Price spread: +0.015% → +3.694%
- −$367.84
- 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
- −$276.24
- Costs to cover
- 0.110%
- Break-even
- 25.8 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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, 4 min ago | 3.80 bp | 24.8 bp −$25 | 107.0 bp −$1,070 | 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.
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 −0.0066% / S +0.0355% | 1h | 0.06553 | −0.113% | $50K | — | 100x | as long as short |
| Injective CRO/USDC PERPlong | +0.0033% | 1h | 0.06560 | long leg | $5 | $129K | 5.5x | |
| OKX CRO-USDT-SWAP | +0.0100% | 8h | 0.06559 | −0.015% | $2.3M | $3.9M | 20x | as long as short |
| Gate CRO_USDT | +0.0100% | 8h | 0.06554 | −0.091% | $828K | $282K | 25x | as long as short |
| MEXC CRO_USDT | +0.0100% | 8h | 0.06561 | +0.015% | $8.5M | $1.2M | 200x | as long as short |
| BloFin CRO-USDT | +0.0220% | 8h | 0.06569 | +0.137% | $151K | $304K | 20x | as long as short |
| Bybit CROUSDTshort | +0.0522% | 8h | 0.06561 | +0.015% | $5.5M | $4.8M | 25x | |
| Lighter CRO | +0.0528% | 1h | 0.06570 | +0.152% | $54K | $32K | 3x | as long as short |
| Variational Omni CRO | +0.0709% | 8h | 0.06565 | +0.076% | $158K | $240K | — | as long as short |
| BingX CRO-USDT | +0.1148% | 8h | 0.06555 | −0.076% | — | $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 | +0.1235% | 8h | 0.06582 | +0.335% | $3.0M | $2.0M | 25x | as long as short |
| KuCoin CROUSDTM | +0.1774% | 8h | 0.06530 | −0.457% | $3.7M | $614K | 20x | as long as short |
| Kraken Futures PF_CROUSD | +0.2289% | 1h | 0.06579 | +0.282% | $52K | $20K | 10x | as long as short |
Bitget CROUSDT
KuCoin CROUSDTM
Kraken Futures PF_CROUSD