Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.022%
Price spread now: Bybit against Injective−2.224%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.239%−$124 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 2.224% cheaper against Injective than usual: you would sell low and buy high (spread −2.224% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$222 on $10k: about 4 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.239%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 31m 08s | $321 | $51K | 5.5x |
| Short | Bybit ETHFIUSDT | 0.7079 | 0.0100 | get 0.0050% / 4h | 31m 08s | $17.7M | $12.6M | 25x |
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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: −2.224% → 0.000%
- −$222.38
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$219.4
- Costs to cover
- 0.110%
- Break-even
- 116.7 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.71 bp | 22.6 bp −$23 | 53.4 bp −$534 | doesn't fit | doesn't fit |
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 | −0.0316% | 1h | 0.7067 | −2.390% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0255% | 4h | 0.7053 | −2.583% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0220% | 4h | 0.7063 | −2.445% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x | |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7076 | −2.270% | $265K | $209K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0052% | 8h | 0.7067 | −2.396% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7073 | −2.312% | $1.1M | $879K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7080 | −2.207% | $17.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7070 | −2.350% | $181K | $261K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7077 | −2.251% | $24.6M | $35.3M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7079 | −2.224% | $17.7M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7086 | −2.127% | $5.1M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7077 | −2.251% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7076 | −2.265% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7072 | −2.320% | $1.2M | $245K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7073 | −2.307% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7076 | −2.265% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7066 | −2.400% | $977K | $708K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7085 | −2.135% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7072 | −2.320% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7060 | −2.483% | $97K | $382K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7060 | −2.486% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7066 | −2.403% | $1.2M | $248K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7072 | −2.320% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX