Funding you earn now, next payment 22:00 UTC+0.1115%/8h= +122.1% APRpaid last 24h +0.045%
Price spread now: Injective against Bitget−0.112%91s7-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
Funding pays, the price is against you. Injective is 0.112% cheaper against Bitget than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$33 a day). The two prices were read 91 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 | Bitget PIUSDT | 0.08930 | −0.0936 | get 0.0468% / 4h | 2h 13m | $4.9M | $1.6M | 50x |
| Short | Injective PI/USDC PERP | 0.08920 | 0.0179 | get 0.0022% / 1h | 13m 50s | $1 | $57K | 5.5x |
Bitget PIUSDT
Injective PI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- $234.24
- Price spread: −0.112% → 0.000%
- −$11.2
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $211.02
- Costs to cover
- 0.120%
- Break-even
- 0.7 days
Slippage unknown: Bitget: 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 Bitget live order book, 4 min ago | 5.61 bp | 21.3 bp −$21 | 59.1 bp −$591 | 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.
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 PIUSDTlong | −0.0936% | 4h | 0.08930 | long leg | $4.9M | $1.6M | 50x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.08951 | +0.235% | $2.7M | $5.7M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.08950 | +0.224% | $2.6M | $2.0M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.08955 | +0.280% | $9.2M | $1.3M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.08952 | +0.246% | — | $6.6M | — | as long as short |
| Injective PI/USDC PERPshort | +0.0179% | 1h | 0.08920 | −0.112% | $1 | $57K | 5.5x |
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT
BingX PI-USDT