Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.016%
Price spread now: Injective against BloFin−7.013%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 −$1 a day on $10k at the current rate, and Injective is 7.013% cheaper against BloFin than usual: you would sell low and buy high (−$701 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 | BloFin DRIFT-USDT | 0.01711 | 0.0060 | pay 0.0030% / 4h | 1h 12m | $151K | $10K | 20x |
| Short | Injective DRIFT/USDC PERP | 0.01591 | 0.0033 | get 0.0004% / 1h | 12m 04s | — | $9K | 5.5x |
BloFin DRIFT-USDT
Injective DRIFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$5.63
- Price spread: −7.013% → 0.000%
- −$701.34
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$718.99
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 62 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 BloFin live order book, 62 min ago | 8.83 bp | 33.5 bp −$34 | 148.0 bp −$1,480 | 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 | −7.013% | — | $9K | 5.5x | |
| BloFin DRIFT-USDTlong | +0.0060% | 4h | 0.01711 | long leg | $151K | $10K | 20x | |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01716 | +0.278% | $2.3M | $7.3M | 20x | as long as short |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01710 | −0.041% | $2.3M | $3.1M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01712 | +0.058% | $129K | $280K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01716 | +0.292% | $409K | $181K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01708 | −0.175% | $680K | $137K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01714 | +0.175% | $531K | $553K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01714 | +0.175% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01711 | −0.012% | $23K | $6K | — | as long as short |
Binance DRIFTUSDT
Bybit DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT