Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against BingX+2.783%87s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.072%−$7 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 2.783% dearer against BingX than usual: you sell high and buy low (spread +2.783% now, against zero (this spread has no 7-day history yet)): +$278 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 87 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 | BingX S-USDT | 0.03989 | 0.0100 | pay 0.0050% / 4h | 3h 19m | — | $6.7M | — |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 19m 53s | $2K | $37K | 12x |
BingX S-USDT
Injective S/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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: +2.783% → 0.000%
- $278.27
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $254.25
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 3 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 BingX live order book, 3 min ago | 3.77 bp | 21.4 bp −$21 | 59.8 bp −$598 | 482.7 bp −$48.3K | 781.7 bp −$390.8K |
| 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.2272% | 1h | 0.03990 | +0.025% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2026% | 1h | 0.03988 | −0.032% | $34K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1240% | 1h | 0.03959 | −0.752% | $49K | $5K | 25x | as long as short |
| Variational Omni S | −0.0762% | 4h | 0.03982 | −0.167% | $619K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03996 | +0.170% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03992 | +0.085% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03996 | +0.172% | $616 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0026% | 4h | 0.03994 | +0.125% | $102K | $331K | 10x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | +2.783% | $2K | $37K | 12x | |
| Lighter S | +0.0096% | 1h | 0.03997 | +0.201% | $163K | $192K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03991 | +0.045% | $998K | $618K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03995 | +0.161% | $44K | $141K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03988 | −0.025% | $5.5M | $15.8M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03987 | −0.050% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03987 | −0.050% | $982K | $4.6M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03984 | −0.125% | $325K | $218K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03991 | +0.050% | $3.7M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03991 | +0.050% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03992 | +0.075% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDTlong | +0.0100% | 4h | 0.03989 | long leg | — | $6.7M | — | |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.04000 | +0.276% | $116K | $321K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03990 | +0.025% | $26K | $445K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03988 | −0.029% | $224K | $1.2M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03987 | −0.050% | $270K | $126K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0751% | 1h | 0.04000 | +0.276% | $67K | $10K | 10x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL