Funding you earn now, next payment 23:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h +0.018%
Price spread now: MEXC against Injective−0.055%55s7-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. MEXC is 0.055% cheaper against Injective than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.1 days of funding at the current rate (+$1 a day). The two prices were read 55 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 PI/USDC PERP | 0.09090 | 0.0055 | pay 0.0007% / 1h | 22m 23s | $1 | $75K | 5.5x |
| Short | MEXC PI_USDT | 0.09085 | 0.0100 | get 0.0050% / 4h | 1h 22m | $9.3M | $1.3M | 125x |
Injective PI/USDC PERP
MEXC PI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $9.49
- Price spread: −0.055% → 0.000%
- −$5.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$0.03
- Costs to cover
- 0.040%
- Break-even
- 7.0 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago | 2.75 bp | 9.6 bp −$10 | 46.1 bp −$461 | 141.8 bp −$14.2K | 280.2 bp −$140.1K |
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 | −0.0710% | 4h | 0.09070 | −0.220% | $4.9M | $1.6M | 50x | as long as short |
| Injective PI/USDC PERPlong | +0.0055% | 1h | 0.09090 | long leg | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09090 | 0.000% | $2.7M | $5.9M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09090 | 0.000% | $2.7M | $2.1M | 50x | as long as short |
| MEXC PI_USDTshort | +0.0100% | 4h | 0.09085 | −0.055% | $9.3M | $1.3M | 125x | |
| BingX PI-USDT | +0.0100% | 4h | 0.09083 | −0.077% | — | $6.6M | — | as long as short |
Bitget PIUSDT
OKX PI-USDT-SWAP
Gate PI_USDT
BingX PI-USDT