Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.018%
Price spread now: Injective against Gate+1.338%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.338% dearer against Gate than usual: you sell high and buy low (spread +1.338% now, against zero (this spread has no 7-day history yet)): +$134 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PI_USDT | 0.08970 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $2.6M | $2.5M | 50x |
| Short | Injective PI/USDC PERP | 0.09090 | 0.0033 | get 0.0004% / 1h | 8m 25s | $1 | $75K | 5.5x |
Gate PI_USDT
Injective PI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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: +1.338% → 0.000%
- $133.78
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $104.76
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: 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 Gate live order book, 4 min ago | 5.55 bp | 29.7 bp −$30 | 182.2 bp −$1,822 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERPshort | +0.0033% | 1h | 0.09090 | +1.338% | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.08967 | −0.033% | $2.5M | $7.6M | 20x | as long as short |
| Gate PI_USDTlong | +0.0100% | 4h | 0.08970 | long leg | $2.6M | $2.5M | 50x | |
| MEXC PI_USDT | +0.0100% | 4h | 0.08973 | +0.033% | $10.0M | $1.6M | 125x | as long as short |
| Bitget PIUSDT | +0.0100% | 4h | 0.08950 | −0.223% | $4.9M | $2.3M | 50x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.08973 | +0.033% | — | $6.6M | — | as long as short |
OKX PI-USDT-SWAP
MEXC PI_USDT
Bitget PIUSDT
BingX PI-USDT