Funding you earn now, next payment 03:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.018%
Price spread now: Injective against Extended−0.375%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−0.011%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.375% cheaper against Extended than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended S-USD | 0.04115 | 0.0104 | pay 0.0013% / 1h | 17m 11s | $233K | $1.1M | 10x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 17m 11s | $2K | $37K | 12x |
Extended S-USD
Injective S/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$14.84
- Price spread: −0.375% → 0.000%
- −$37.49
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$57.35
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 1 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 Extended live order book, 1 min ago | 6.12 bp | 34.5 bp −$35 | 235.8 bp −$2,358 | 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.
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 | −1.1576% | 1h | 0.03950 | −4.020% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1670% | 1h | 0.04114 | −0.028% | $34K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1456% | 1h | 0.04022 | −2.270% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04118 | +0.062% | $1K | — | 100x | as long as short |
| Variational Omni S | −0.0135% | 4h | 0.04099 | −0.405% | $636K | $31K | — | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04114 | −0.034% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04118 | +0.056% | $3K | — | 150x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | −0.375% | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0068% | 4h | 0.04117 | +0.038% | $102K | $332K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04123 | +0.184% | $172K | $157K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Variational Omni S
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 | 0.04120 | +0.123% | $1.0M | $554K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04118 | +0.066% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04123 | +0.173% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04121 | +0.135% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04119 | +0.087% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04112 | −0.083% | $338K | $201K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04117 | +0.038% | $4.0M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04116 | +0.014% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04119 | +0.087% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04118 | +0.062% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04110 | −0.132% | $25K | $449K | 50x | as long as short |
| Extended S-USDlong | +0.0104% | 1h | 0.04115 | long leg | $233K | $1.1M | 10x | |
| BloFin S-USDT | +0.0340% | 4h | 0.04106 | −0.229% | $285K | $104K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0721% | 1h | 0.04122 | +0.160% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1607% | 1h | 0.04130 | +0.354% | $122K | $373K | 5x | 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
BingX S-USDT
ApeX Omni SUSDT
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP