Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Bybit against Injective+3.269%48s7-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 3.269% dearer against Injective than usual: you sell high and buy low: +$327 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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 HNT/USDC PERP | 0.4650 | 0.0033 | pay 0.0004% / 1h | 44m 32s | $2K | $17K | 5.5x |
| Short | Bybit HNTUSDT | 0.4802 | 0.0100 | get 0.0100% / 8h | 1h 44m | $2.3M | $2.4M | 13x |
Injective HNT/USDC PERP
Bybit HNTUSDTFunding 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: +3.269% → 0.000%
- $326.88
- 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
- $329.86
- 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 | 2.08 bp | 59.7 bp −$60 | 184.6 bp −$1,846 | 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.
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 PERPlong | +0.0033% | 1h | 0.4650 | long leg | $2K | $17K | 5.5x | |
| Bybit HNTUSDTshort | +0.0100% | 8h | 0.4802 | +3.269% | $2.3M | $2.4M | 13x | |
| Gate HNT_USDT | +0.0100% | 8h | 0.4808 | +3.398% | $298K | $105K | 25x | as long as short |
| MEXC HNT_USDT | +0.0100% | 8h | 0.4808 | +3.398% | $11.1M | $882K | 100x | as long as short |
| Variational Omni HNT | +0.0100% | 8h | 0.4795 | +3.122% | $21K | $14K | — | as long as short |
| BloFin HNT-USDT | +0.0220% | 8h | 0.4796 | +3.140% | — | $153K | 12x | as long as short |
Gate HNT_USDT
MEXC HNT_USDT
Variational Omni HNT
BloFin HNT-USDT