Settings8H · net · $10k
Funding arb · Price arb /

RPL

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.001%
Price spread now: Injective against Bybit−1.571%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.122%+$12 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.571% cheaper against Bybit than usual: you would sell low and buy high (−$157 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.122%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RPLUSDT1.97910.0100pay 0.0050% / 4h2h 05m$386K$249K20x
ShortInjective RPL/USDC PERP1.94800.0033get 0.0004% / 1h5m 13s$201$4725.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$14
Price spread: −1.571% → 0.000%
−$157.14
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$182.16
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 54 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 54 min ago5.06 bp125.3 bp −$125doesn't fitdoesn't fitdoesn'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.

RPL on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective RPL/USDC PERPshort+0.0033%1h1.9480−1.571%$201$4725.5x
Aster RPLUSDT+0.0100%4h1.9712−0.398%$99K$33K5xas long as short
Binance RPLUSDT+0.0100%4h1.9750−0.207%$1.2M$1.5M50xas long as short
Bybit RPLUSDTlong+0.0100%4h1.9791long leg$386K$249K20x
Gate RPL_USDT+0.0100%8h1.9730−0.308%$64K$27K20xas long as short
MEXC RPL_USDT+0.0100%4h1.9750−0.207%$317K$172K20xas long as short
Bitget RPLUSDT+0.0100%4h1.9730−0.308%$421K$169K50xas long as short
BingX RPL-USDT+0.0100%4h1.9750−0.207%$1.3Mas long as short
Variational Omni RPL+0.0100%4h1.9792+0.003%$15K$2Kas long as short