Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.058%
Price spread now: Injective against Bybit−1.411%108s7-day average +2.103% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 3 days (all we have)−0.680%−$68 · spread now −1.411%, 7d avg +2.103%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.514% cheaper against Bybit than usual: you would sell low and buy high (−$351 if the spread goes back to its 7-day average of +2.103%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you. The two prices were read 108 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 | Bybit FILUSDT | 0.9996 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $15.6M | $18.3M | 25x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 15m 28s | $2K | $240K | 12x |
Bybit FILUSDT
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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: −1.411% → +2.103%
- −$351.4
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$376.42
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.50 bp | 13.2 bp −$13 | 35.3 bp −$353 | 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.
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0328% | 1h | 0.9985 | −0.111% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9960 | −0.360% | $320K | $1.8M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0251% | 1h | 0.9985 | −0.110% | $172K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0040% | 8h | 0.9992 | −0.040% | $18.2M | $98.1M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0035% | 8h | 0.9982 | −0.140% | $7.5M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9975 | −0.210% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9985 | −0.112% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0031% | 8h | 0.9990 | −0.060% | $57.8M | $177.6M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9984 | −0.122% | $698K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −1.411% | $2K | $240K | 12x |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0066% | 8h | 0.9985 | −0.110% | $247K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0074% | 8h | 0.9997 | +0.010% | $11.0M | $21.1M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9974 | −0.216% | $159K | $347K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9995 | −0.011% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9980 | −0.160% | $509K | $566K | 20x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9996 | long leg | $15.6M | $18.3M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9984 | −0.120% | $8.3M | $16.2M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9983 | −0.130% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9967 | −0.286% | $449K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9946 | −0.504% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9948 | −0.481% | $296K | $837K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | −0.460% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9986 | −0.098% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9980 | −0.160% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9978 | −0.180% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9983 | −0.130% | $638K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | −0.160% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0121% | 8h | 0.9957 | −0.390% | $2.7M | $590K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0544% / S −0.0538% | 1h | 0.9974 | −0.220% | $198K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]