Funding you earn now, next payment 00:00 UTC+0.0482%/8h= +52.8% APRnext payment +$0.60 per $10,000 · paid last 24h −0.044%
Price spread now: Deribit against Injective−4.317%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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. Deribit is 4.317% cheaper against Injective than usual: you would sell low and buy high (spread −4.317% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$432 on $10k: about 30 days of funding at the current rate (+$14 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective S/USDC PERP | 0.04100 | 0.0033 | pay 0.0004% / 1h | 30m 50s | $2K | $37K | 12x |
| Short | Deribit S_USDC-PERPETUAL | 0.03923 | 0.0515 | get 0.0064% / 1h | 30m 50s | $66K | $10K | 10x |
Injective S/USDC PERP
Deribit S_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $101.22
- Price spread: −4.317% → 0.000%
- −$431.71
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$337.51
- Costs to cover
- 0.070%
- Break-even
- 30.3 days
Slippage unknown: Injective: no order-book sample; Deribit: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Injective and Deribit: 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 | −0.6136% | 1h | 0.03850 | −6.098% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2129% | 1h | 0.03917 | −4.470% | $33K | $25K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −6.683% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0995% | 4h | 0.03911 | −4.609% | $608K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0202% / S +0.0194% | 1h | 0.03920 | −4.400% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03916 | −4.487% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03920 | −4.392% | $604 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0031% | 4h | 0.03917 | −4.463% | $100K | $340K | 10x | as long as short |
| Injective S/USDC PERPlong | +0.0033% | 1h | 0.04100 | long leg | $2K | $37K | 12x | |
| Lighter S | +0.0096% | 1h | 0.03921 | −4.366% | $164K | $217K | 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 | 0.03918 | −4.432% | $982K | $695K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03929 | −4.183% | $43K | $145K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03918 | −4.439% | $5.4M | $17.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03913 | −4.561% | $5.6M | $5.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03916 | −4.488% | $980K | $5.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03913 | −4.561% | $319K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03917 | −4.463% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03917 | −4.463% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03921 | −4.366% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03916 | −4.488% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03920 | −4.390% | $25K | $454K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03915 | −4.504% | $220K | $877K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0142% | 1h | 0.03920 | −4.390% | $114K | $312K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03910 | −4.634% | $267K | $125K | 75x | as long as short |
| Deribit S_USDC-PERPETUALshort | +0.0515% | 1h | 0.03923 | −4.317% | $66K | $10K | 10x |
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
Extended S-USD
Backpack S_USDC_PERP
BloFin S-USDT