Funding you earn now, next payment 05:00 UTC−0.0352%/8h= −38.5% APRnext payment −$0.44 per $10,000 · paid last 24h −0.129%
Price spread now: Deribit against Injective−2.818%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$11 a day on $10k at the current rate, and Deribit is 2.818% cheaper against Injective than usual: you would sell low and buy high (−$282 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 | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 13m 00s | $321 | $51K | 5.5x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7036 | −0.0318 | pay 0.0040% / 1h | 13m 00s | $40K | $11K | 10x |
Injective ETHFI/USDC PERP
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$73.82
- Price spread: −2.818% → 0.000%
- −$281.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$362.61
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Deribit: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Injective and Deribit: 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-PERPETUALshort | −0.0318% | 1h | 0.7036 | −2.818% | $40K | $11K | 10x | |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7040 | −2.760% | $260K | $213K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0250% | 4h | 0.7032 | −2.873% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0226% | 4h | 0.7020 | −3.039% | $82K | $180K | 20x | as long as short |
| Bybit ETHFIUSDT | −0.0191% | 4h | 0.7030 | −2.901% | $17.5M | $12.5M | 25x | as long as short |
| Variational Omni ETHFI | −0.0019% | 4h | 0.7028 | −2.924% | $981K | $703K | — | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x | |
| Binance ETHFIUSDT | +0.0039% | 4h | 0.7026 | −2.961% | $24.4M | $34.8M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7027 | −2.947% | $97K | $408K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0040% | 4h | 0.7026 | −2.956% | $15.9M | $4.1M | 125x | as long as short |
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bybit ETHFIUSDT
Variational Omni ETHFI
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0066% | 8h | 0.7028 | −2.934% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7030 | −2.901% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7039 | −2.782% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7033 | −2.865% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7029 | −2.912% | $179K | $229K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7033 | −2.859% | $5.1M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7034 | −2.845% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7030 | −2.901% | $1.2M | $226K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7029 | −2.914% | $6.1M | $5.1M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7029 | −2.914% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7034 | −2.843% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7038 | −2.790% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0158% | 4h | 0.7030 | −2.901% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | −2.569% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX