Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.024%
Price spread now: Injective against BingX+1.146%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.262%+$126 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.146% dearer against BingX than usual: you sell high and buy low (spread +1.146% now, against zero (this spread has no 7-day history yet)): +$115 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 57 days. Mind the row above: over the last 7 days funding on this pair paid +1.262%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.7158 | 0.0100 | pay 0.0050% / 4h | 2h 14m | — | $1.2M | — |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 14m 52s | $321 | $51K | 5.5x |
BingX ETHFI-USDC
Injective ETHFI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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: +1.146% → 0.000%
- $114.56
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $90.54
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago | 2.80 bp | 28.4 bp −$28 | 99.2 bp −$992 | 580.8 bp −$58.1K | 740.1 bp −$370.0K |
| 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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0588% | 1h | 0.7158 | 0.000% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0220% | 4h | 0.7147 | −0.154% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7164 | +0.085% | $282K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7154 | −0.056% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +1.146% | $321 | $51K | 5.5x | |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7154 | −0.056% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0044% | 4h | 0.7156 | −0.028% | $6.1M | $5.6M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7152 | −0.085% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7153 | −0.070% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7154 | −0.060% | $24.9M | $37.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7161 | +0.038% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7164 | +0.081% | $18.2M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7162 | +0.062% | $183K | $255K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7161 | +0.042% | $18.3M | $12.8M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7161 | +0.042% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7161 | +0.042% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7155 | −0.042% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7158 | long leg | — | $1.2M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7147 | −0.151% | $1.0M | $707K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7160 | +0.027% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7158 | 0.000% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7155 | −0.042% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.098% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0328% | 4h | 0.7154 | −0.056% | $1.3M | $294K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT