Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Gate+4.083%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.249%+$125 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 4.083% dearer against Gate than usual: you sell high and buy low (spread +4.083% now, against zero (this spread has no 7-day history yet)): +$408 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months. Mind the row above: over the last 7 days funding on this pair paid +1.249%, so the current rate has only just turned against you. The two prices were read 69 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 | Gate ETHFI_USDT | 0.6956 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $1.7M | $2.0M | 75x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 8m 08s | $321 | $51K | 5.5x |
Gate ETHFI_USDT
Injective ETHFI/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: +4.083% → 0.000%
- $408.28
- 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
- $379.26
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 5 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, 5 min ago | 1.43 bp | 24.5 bp −$25 | 228.4 bp −$2,284 | 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.
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 | −0.0469% | 1h | 0.6951 | −0.072% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0415% | 4h | 0.6940 | −0.230% | $82K | $174K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0279% | 4h | 0.6948 | −0.115% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0131% | 4h | 0.6964 | +0.118% | $916K | $785K | — | as long as short |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6946 | −0.144% | $95K | $505K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0014% | 4h | 0.6948 | −0.115% | $24.1M | $36.4M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0013% | 8h | 0.6947 | −0.133% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | −0.0012% | 4h | 0.6948 | −0.115% | $15.8M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +4.083% | $321 | $51K | 5.5x | |
| Bybit ETHFIUSDT | +0.0044% | 4h | 0.6951 | −0.072% | $17.2M | $13.1M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6946 | −0.143% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6956 | −0.007% | $1.1M | $832K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6954 | −0.029% | $16.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6956 | 0.000% | $178K | $262K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6954 | −0.029% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.6956 | long leg | $1.7M | $2.0M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6954 | −0.029% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6948 | −0.115% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6951 | −0.072% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6953 | −0.047% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6956 | 0.000% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0227% | 4h | 0.6954 | −0.029% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6978 | +0.316% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1690% | 1h | 0.6962 | +0.087% | $291K | $295K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD