Funding you earn now, next payment 02:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Injective against Bybit−10.375%98s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 10.375% cheaper against Bybit than usual: you would sell low and buy high (−$1,038 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 98 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 | Bybit SPOTUSDT | 519.69 | 0 | get 0.0000% / 8h | 6h 07m | $84K | $28K | 25x |
| Short | Injective SPOT/USDC PERP | 465.77 | −0.0220 | pay 0.0028% / 1h | 7m 36s | $4K | $19K | 12x |
Bybit SPOTUSDT
Injective SPOT/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
- −$46.2
- Price spread: −10.375% → 0.000%
- −$1,037.54
- 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
- −$1,094.76
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: no order-book sample; 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 no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Bybit and 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.
SPOT on 3 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 SPOT/USDC PERPshort | −0.0220% | 1h | 465.77 | −10.375% | $4K | $19K | 12x | |
| Bybit SPOTUSDTlong | 0.0000% | 8h | 519.69 | long leg | $84K | $28K | 25x | |
| Gate SPOT_USDT | 0.0000% | 8h | 518.00 | −0.325% | $35K | $1K | 20x | as long as short |
Gate SPOT_USDT