Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Binance against Injective+8.999%87s7-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 Binance is 8.999% dearer against Injective than usual: you sell high and buy low: +$900 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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 NEIRO/USDC PERP | 0.00008962 | 0.0033 | pay 0.0004% / 1h | 11m 48s | $2K | $15K | 5.5x |
| Short | Binance NEIROUSDT | 0.00009769 | 0.0100 | get 0.0050% / 4h | 3h 11m | $5.5M | $17.6M | 50x |
Injective NEIRO/USDC PERP
Binance NEIROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: +8.999% → 0.000%
- $899.86
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $903.84
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 14 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 Binance live order book, 14 min ago | 1.02 bp | 14.0 bp −$14 | 46.0 bp −$460 | 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.
NEIRO on 7 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 NEIRO/USDC PERPlong | +0.0033% | 1h | 0.00008962 | long leg | $2K | $15K | 5.5x | |
| Hyperliquid kNEIRO | +0.0100% | 1h | 0.00009761 | +8.909% | $188K | $398K | 3x | as long as short |
| Aster NEIROUSDT | +0.0100% | 4h | 0.00009772 | +9.032% | $66K | $52K | 5x | as long as short |
| Binance NEIROUSDTshort | +0.0100% | 4h | 0.00009769 | +8.999% | $5.5M | $17.6M | 50x | |
| OKX NEIRO-USDT-SWAP | +0.0100% | 4h | 0.00009776 | +9.077% | $806K | $4.2M | 20x | as long as short |
| Extended kNEIRO-USD | +0.0104% | 1h | 0.00009746 | +8.744% | $20K | $21K | 5x | as long as short |
| Kraken Futures PF_NEIROUSD | +0.2770% | 1h | 0.00009768 | +8.983% | $17K | $73K | 10x | as long as short |
Hyperliquid kNEIRO
Aster NEIROUSDT
OKX NEIRO-USDT-SWAP
Extended kNEIRO-USD
Kraken Futures PF_NEIROUSD