Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Binance−8.689%7-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 8.689% cheaper against Binance than usual: you would sell low and buy high (−$869 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DRIFTUSDT | 0.01742 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $2.3M | $6.8M | 20x |
| Short | Injective DRIFT/USDC PERP | 0.01591 | 0.0033 | get 0.0004% / 1h | 8m 49s | — | $9K | 5.5x |
Binance DRIFTUSDT
Injective DRIFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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: −8.689% → 0.000%
- −$868.94
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$892.96
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago | 2.87 bp | 40.0 bp −$40 | 522.6 bp −$5,226 | 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.
DRIFT on 9 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 DRIFT/USDC PERPshort | +0.0033% | 1h | 0.01591 | −8.689% | — | $9K | 5.5x | |
| Binance DRIFTUSDTlong | +0.0100% | 4h | 0.01742 | long leg | $2.3M | $6.8M | 20x | |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01740 | −0.138% | $2.3M | $2.9M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01739 | −0.195% | $123K | $240K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01739 | −0.195% | $412K | $172K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01736 | −0.368% | $683K | $128K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01740 | −0.138% | $536K | $364K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01743 | +0.034% | — | $6.7M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01743 | +0.045% | $23K | $6K | — | as long as short |
Bybit DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT