Funding you earn now, next payment 23:00 UTC−0.0352%/8h= −38.6% APRpaid last 24h +0.029%
Price spread now: Injective against SunX−0.755%61s7-day average +1.685% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 3 days (all we have)−0.777%−$78 · spread now −0.755%, 7d avg +1.685%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 2.440% cheaper against SunX than usual: you would sell low and buy high (−$244 if the spread goes back to its 7-day average of +1.685%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX FIL-USDT | 0.9930 | 0.0100 | pay 0.0100% / 8h | 1h 11m | $3K | $1.1M | 20x |
| Short | Injective FIL/USDC PERP | 0.9855 | −0.0252 | pay 0.0032% / 1h | 11m 40s | $2K | $240K | 12x |
SunX FIL-USDT
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SunX. 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
- −$73.95
- Price spread: −0.755% → +1.685%
- −$244.05
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$326.02
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 1 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 SunX live order book, 1 min ago | 25.16 bp | 67.6 bp −$68 | 111.0 bp −$1,110 | 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 | −0.0691% | 1h | 0.9934 | +0.043% | $1.3M | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0655% | 1h | 0.9941 | +0.111% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9929 | −0.010% | $319K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERPshort | −0.0252% | 1h | 0.9855 | −0.755% | $2K | $240K | 12x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9939 | +0.092% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9933 | +0.026% | $58K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0007% | 8h | 0.9929 | −0.010% | $10.8M | $21.6M | 75x | as long as short |
| KuCoin FILUSDTM | +0.0012% | 8h | 0.9925 | −0.050% | $7.4M | $7.1M | 50x | as long as short |
| Bybit FILUSDT | +0.0033% | 8h | 0.9933 | +0.030% | $15.5M | $18.1M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0039% | 8h | 0.9931 | +0.010% | $18.2M | $98.4M | 50x | as long as short |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bitget FILUSDT
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0076% | 8h | 0.9922 | −0.081% | $252K | $105K | 50x | as long as short |
| Binance FILUSDT | +0.0078% | 8h | 0.9931 | +0.011% | $57.5M | $176.3M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9922 | −0.080% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0080% | 8h | 0.9933 | +0.030% | — | $11.9M | — | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9925 | −0.051% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9928 | −0.022% | $8.7M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9932 | +0.016% | $499K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9925 | −0.050% | $7.9M | $16.3M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9909 | −0.209% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9901 | −0.292% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9902 | −0.283% | $288K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | −0.302% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9944 | +0.138% | $5K | — | 10x | as long as short |
| SunX FIL-USDTlong | +0.0100% | 8h | 0.9930 | long leg | $3K | $1.1M | 20x | |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9933 | +0.030% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9933 | +0.030% | $628K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | −0.101% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0198% | 8h | 0.9919 | −0.111% | $2.7M | $659K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0709% | 1h | 0.9938 | +0.077% | $208K | — | 100x | as long as short |
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]