Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bitget−9.807%51s7-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 9.807% cheaper against Bitget than usual: you would sell low and buy high (−$981 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | Bitget DRIFTUSDT | 0.01764 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $543K | $359K | 10x |
| Short | Injective DRIFT/USDC PERP | 0.01591 | 0.0033 | get 0.0004% / 1h | 20m 25s | — | $9K | 5.5x |
Bitget DRIFTUSDT
Injective DRIFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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: −9.807% → 0.000%
- −$980.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,006.75
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 39 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 Bitget live order book, 39 min ago | 2.88 bp | 173.8 bp −$174 | doesn't fit | 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 10 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 | −9.807% | — | $9K | 5.5x | |
| BloFin DRIFT-USDT | +0.0055% | 4h | 0.01760 | −0.227% | $155K | $10K | 20x | as long as short |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01762 | −0.113% | $2.4M | $6.6M | 20x | as long as short |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01760 | −0.227% | $2.4M | $2.8M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01758 | −0.340% | $124K | $235K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01760 | −0.227% | $417K | $168K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01759 | −0.283% | $692K | $118K | 20x | as long as short |
| Bitget DRIFTUSDTlong | +0.0100% | 4h | 0.01764 | long leg | $543K | $359K | 10x | |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01760 | −0.227% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01760 | −0.245% | $24K | $6K | — | as long as short |
BloFin DRIFT-USDT
Binance DRIFTUSDT
Bybit DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
BingX DRIFT-USDT
Variational Omni DRIFT