Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.058%
Price spread now: Bybit against Injective+1.857%7-day average −2.072% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 3 days (all we have)+0.700%+$70 · spread now +1.857%, 7d avg −2.072%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 3.929% dearer against Injective than usual: you sell high and buy low: +$393 more if the spread goes back to its 7-day average of −2.072%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, 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 FIL/USDC PERP | 0.9855 | 0.0033 | pay 0.0004% / 1h | 6m 58s | $2K | $240K | 12x |
| Short | Bybit FILUSDT | 1.0038 | 0.0100 | get 0.0100% / 8h | 6h 06m | $15.7M | $19.1M | 25x |
Injective FIL/USDC PERP
Bybit FILUSDTFunding 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: +1.857% → −2.072%
- $392.87
- 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
- $395.85
- Costs to cover
- 0.110%
- Break-even
- from the start
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 | 0.50 bp | 13.0 bp −$13 | 35.0 bp −$350 | 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.
FIL on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 1.0056 | +2.040% | $382K | $2.1M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0247% | 1h | 1.0046 | +1.938% | $173K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0190% | 1h | 1.0047 | +1.947% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0055% | 8h | 1.0034 | +1.816% | $18.9M | $99.3M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0043% | 8h | 1.0037 | +1.847% | $7.5M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0039 | +1.863% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0048 | +1.958% | $59K | $2K | 10x | as long as short |
| Injective FIL/USDC PERPlong | +0.0033% | 1h | 0.9855 | long leg | $2K | $240K | 12x | |
| Extended FIL-USD | +0.0040% | 1h | 1.0036 | +1.837% | $705K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0044% | 8h | 1.0035 | +1.828% | $58.0M | $178.5M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0082% | 8h | 1.0030 | +1.776% | $246K | $106K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0038 | +1.853% | $160K | $353K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0039 | +1.870% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0038 | +1.859% | $513K | $582K | 20x | as long as short |
| Bybit FILUSDTshort | +0.0100% | 8h | 1.0038 | +1.857% | $15.7M | $19.1M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 1.0034 | +1.816% | $8.5M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0034 | +1.816% | $11.1M | $20.5M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0032 | +1.796% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0032 | +1.793% | $452K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0015 | +1.626% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0017 | +1.641% | $298K | $864K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0010 | +1.573% | $30K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0044 | +1.921% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0030 | +1.776% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0040 | +1.877% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0044 | +1.918% | $647K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0030 | +1.776% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0039 | +1.867% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
Bitget FILUSDT
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
GMX FIL/USD [WBTC.b-USDC]