Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Bybit against Injective+6.500%108s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 6.500% dearer against Injective than usual: you sell high and buy low: +$650 more if the spread goes back to zero (this spread has no 7-day history yet). 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 | Injective FLOW/USDC PERP | 0.03046 | 0.0033 | pay 0.0004% / 1h | 11m 40s | $213 | $14K | 5.5x |
| Short | Bybit FLOWUSDT | 0.03244 | 0.0100 | get 0.0100% / 8h | 6h 11m | $1.5M | $1.3M | 20x |
Injective FLOW/USDC PERP
Bybit FLOWUSDTFunding 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: +6.500% → 0.000%
- $650.03
- 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
- $653.01
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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, 4 min ago | 6.10 bp | 76.6 bp −$77 | 209.0 bp −$2,090 | 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.
FLOW on 11 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_FLOWUSD | −0.0695% | 1h | 0.03246 | +6.576% | $35K | $47K | 10x | as long as short |
| Injective FLOW/USDC PERPlong | +0.0033% | 1h | 0.03046 | long leg | $213 | $14K | 5.5x | |
| Aster FLOWUSDT | +0.0100% | 4h | 0.03245 | +6.520% | $7K | $15K | 5x | as long as short |
| Binance FLOWUSDT | +0.0100% | 4h | 0.03241 | +6.412% | $2.6M | $8.2M | 10x | as long as short |
| Bybit FLOWUSDTshort | +0.0100% | 8h | 0.03244 | +6.500% | $1.5M | $1.3M | 20x | |
| OKX FLOW-USDT-SWAP | +0.0100% | 4h | 0.03245 | +6.533% | $859K | $1.9M | 10x | as long as short |
| Gate FLOW_USDT | +0.0100% | 8h | 0.03238 | +6.303% | $297K | $295K | 10x | as long as short |
| MEXC FLOW_USDT | +0.0100% | 4h | 0.03249 | +6.664% | $1.6M | $1.1M | 50x | as long as short |
| KuCoin FLOWUSDTM | +0.0100% | 4h | 0.03246 | +6.566% | $291K | $135K | 10x | as long as short |
| BingX FLOW-USDT | +0.0100% | 4h | 0.03244 | +6.500% | — | $1.8M | — | as long as short |
Kraken Futures PF_FLOWUSD
Aster FLOWUSDT
Binance FLOWUSDT
OKX FLOW-USDT-SWAP
Gate FLOW_USDT
MEXC FLOW_USDT
KuCoin FLOWUSDTM
BingX FLOW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FLOW | +0.0100% | 8h | 0.03280 | +7.695% | $34K | $1K | — | as long as short |
Variational Omni FLOW