Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Gate−11.365%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 11.365% cheaper against Gate than usual: you would sell low and buy high (−$1,136 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 | Gate DRIFT_USDT | 0.01795 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $118K | $255K | 10x |
| Short | Injective DRIFT/USDC PERP | 0.01591 | 0.0033 | get 0.0004% / 1h | 0m 31s | — | $9K | 5.5x |
Gate DRIFT_USDT
Injective DRIFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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: −11.365% → 0.000%
- −$1,136.49
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,165.51
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 41 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 Gate live order book, 41 min ago | 8.46 bp | 116.1 bp −$116 | 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 | −11.365% | — | $9K | 5.5x | |
| BloFin DRIFT-USDT | +0.0082% | 4h | 0.01802 | +0.390% | $162K | $18K | 20x | as long as short |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01800 | +0.257% | $2.5M | $6.7M | 20x | as long as short |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01796 | +0.061% | $2.4M | $2.8M | 20x | as long as short |
| Gate DRIFT_USDTlong | +0.0100% | 4h | 0.01795 | long leg | $118K | $255K | 10x | |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01794 | −0.056% | $425K | $170K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01793 | −0.111% | $704K | $132K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01799 | +0.223% | $553K | $373K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01796 | +0.056% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01795 | +0.009% | $24K | $4K | — | as long as short |
BloFin DRIFT-USDT
Binance DRIFTUSDT
Bybit DRIFTUSDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT