Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.018%
Price spread now: Injective against BingX−0.044%102s7-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 0.044% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 102 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 | BingX PI-USDT | 0.09094 | 0.0100 | pay 0.0050% / 4h | 3h 43m | — | $6.6M | — |
| Short | Injective PI/USDC PERP | 0.09090 | 0.0033 | get 0.0004% / 1h | 43m 30s | $1 | $75K | 5.5x |
BingX PI-USDT
Injective PI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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: −0.044% → 0.000%
- −$4.4
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$28.42
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago | 3.87 bp | 15.7 bp −$16 | 64.8 bp −$648 | 271.1 bp −$27.1K | 589.6 bp −$294.8K |
| 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.
PI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDT | −0.0216% | 4h | 0.09080 | −0.154% | $4.9M | $1.7M | 50x | as long as short |
| Injective PI/USDC PERPshort | +0.0033% | 1h | 0.09090 | −0.044% | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09097 | +0.033% | $2.7M | $6.1M | 20x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09085 | −0.099% | $9.3M | $1.3M | 125x | as long as short |
| BingX PI-USDTlong | +0.0100% | 4h | 0.09094 | long leg | — | $6.6M | — | |
| Gate PI_USDT | +0.0114% | 4h | 0.09090 | −0.044% | $2.7M | $2.1M | 50x | as long as short |
Bitget PIUSDT
OKX PI-USDT-SWAP
MEXC PI_USDT
Gate PI_USDT