Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bybit−1.608%88s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.608% cheaper against Bybit than usual: you would sell low and buy high (−$161 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 88 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 HNTUSDT | 0.4726 | 0.0100 | pay 0.0100% / 8h | 2h 19m | $2.3M | $2.3M | 13x |
| Short | Injective HNT/USDC PERP | 0.4650 | 0.0033 | get 0.0004% / 1h | 19m 49s | $2K | $17K | 5.5x |
Bybit HNTUSDT
Injective HNT/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: −1.608% → 0.000%
- −$160.81
- 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
- −$185.83
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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, 2 min ago | 1.06 bp | 43.3 bp −$43 | doesn't fit | 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.
HNT on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HNT/USDC PERPshort | +0.0033% | 1h | 0.4650 | −1.608% | $2K | $17K | 5.5x | |
| Bybit HNTUSDTlong | +0.0100% | 8h | 0.4726 | long leg | $2.3M | $2.3M | 13x | |
| Gate HNT_USDT | +0.0100% | 8h | 0.4732 | +0.127% | $293K | $104K | 25x | as long as short |
| MEXC HNT_USDT | +0.0100% | 8h | 0.4729 | +0.063% | $10.9M | $890K | 100x | as long as short |
| Variational Omni HNT | +0.0100% | 8h | 0.4726 | −0.007% | $20K | $14K | — | as long as short |
| BloFin HNT-USDT | +0.0220% | 8h | 0.4700 | −0.550% | — | $151K | 12x | as long as short |
Gate HNT_USDT
MEXC HNT_USDT
Variational Omni HNT
BloFin HNT-USDT