Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.018%
Price spread now: BingX against Injective−0.253%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.052%−$5 on $10k
+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. BingX is 0.253% cheaper against Injective than usual: you would sell low and buy high (spread −0.253% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 13 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PI/USDC PERP | 0.09090 | 0.0033 | pay 0.0004% / 1h | 42m 40s | $1 | $75K | 5.5x |
| Short | BingX PI-USDT | 0.09067 | 0.0100 | get 0.0050% / 4h | 2h 42m | — | $6.6M | — |
Injective PI/USDC PERP
BingX PI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.253% → 0.000%
- −$25.3
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$21.32
- Costs to cover
- 0.100%
- Break-even
- 17.7 days
Slippage unknown: Injective: no order-book sample; BingX: live order book, 5 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 BingX live order book, 5 min ago | 3.85 bp | 15.2 bp −$15 | 54.1 bp −$541 | 289.8 bp −$29.0K | 623.7 bp −$311.8K |
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 PERPlong | +0.0033% | 1h | 0.09090 | long leg | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09062 | −0.308% | $2.6M | $7.2M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09070 | −0.220% | $2.6M | $2.4M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09068 | −0.242% | $10.0M | $1.6M | 125x | as long as short |
| Bitget PIUSDT | +0.0100% | 4h | 0.09060 | −0.330% | $5.0M | $2.2M | 50x | as long as short |
| BingX PI-USDTshort | +0.0100% | 4h | 0.09067 | −0.253% | — | $6.6M | — |
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT
Bitget PIUSDT