Funding you earn now, next payment 06:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −0.541%
Price spread now: Injective against Bybit−5.183%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.682%−$68 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$153 a day on $10k at the current rate, and Injective is 5.183% cheaper against Bybit than usual: you would sell low and buy high (−$518 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.682% in total (about -35.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SNXUSDT | 0.2354 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $1.6M | $1.3M | 75x |
| Short | Injective SNX/USDC PERP | 0.2232 | −0.5000 | pay 0.0625% / 1h | 39m 32s | $22K | $30K | 12x |
Bybit SNXUSDT
Injective SNX/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1,071
- Price spread: −5.183% → 0.000%
- −$518.27
- 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
- −$1,600.29
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 6.36 bp | 48.1 bp −$48 | doesn't fit | 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.
SNX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNX/USDC PERPshort | −0.5000% | 1h | 0.2232 | −5.183% | $22K | $30K | 12x | |
| Hyperliquid SNX | +0.0100% | 1h | 0.2357 | +0.127% | $430K | $153K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2354 | +0.002% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2353 | −0.042% | $2.9M | $4.2M | 75x | as long as short |
| Bybit SNXUSDTlong | +0.0100% | 8h | 0.2354 | long leg | $1.6M | $1.3M | 75x | |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2352 | −0.085% | $841K | $1.2M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2353 | −0.042% | $239K | $95K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2354 | 0.000% | $1.7M | $693K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2350 | −0.170% | $666K | $2.0M | 30x | as long as short |
| Bitget SNXUSDT | +0.0100% | 8h | 0.2354 | 0.000% | $1.1M | $368K | 50x | as long as short |
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDT
KuCoin SNXUSDTM
Bitget SNXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SNX-USDT | +0.0100% | 8h | 0.2354 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2362 | +0.323% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2350 | −0.170% | $2K | $1.5M | 20x | as long as short |
| BloFin SNX-USDT | +0.0101% | 8h | 0.2360 | +0.255% | $153K | $68K | 75x | as long as short |
| Kraken Futures PF_SNXUSD | +0.0753% | 1h | 0.2361 | +0.318% | $141K | $65K | 25x | as long as short |
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
BloFin SNX-USDT
Kraken Futures PF_SNXUSD