Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.012%
Price spread now: Bybit against Injective+1.988%88s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 1.988% dearer against Injective than usual: you sell high and buy low: +$199 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 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 | Injective SPX/USDC PERP | 0.4979 | 0.0033 | pay 0.0004% / 1h | 9m 45s | $9 | $4K | 5.5x |
| Short | Bybit SPXUSDT | 0.5078 | 0.0100 | get 0.0050% / 4h | 2h 09m | $11.5M | $16.1M | 50x |
Injective SPX/USDC PERP
Bybit SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $14
- Price spread: +1.988% → 0.000%
- $198.84
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $201.82
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 min ago. 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 Bybit live order book, 4 min ago | 2.95 bp | 15.0 bp −$15 | 48.2 bp −$482 | doesn't fit | doesn't fit |
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.
SPX on 18 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 SPX/USDC PERPlong | +0.0033% | 1h | 0.4979 | long leg | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5086 | +2.155% | $137K | $358K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5087 | +2.173% | $10.2M | $7.5M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5100 | +2.426% | $130K | $111K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5080 | +2.029% | $5.1M | $21.2M | 75x | as long as short |
| Bybit SPXUSDTshort | +0.0100% | 4h | 0.5078 | +1.988% | $11.5M | $16.1M | 50x | |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5076 | +1.948% | $950K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5080 | +2.029% | $1.0M | $556K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5082 | +2.069% | $11.5M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5082 | +2.069% | $3.7M | $5.3M | 50x | as long as short |
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5088 | +2.189% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5085 | +2.129% | — | $6.8M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5092 | +2.272% | $881K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5098 | +2.390% | $46K | $244K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5089 | +2.209% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5078 | +1.993% | $34K | $260K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0131% | 4h | 0.5100 | +2.430% | $20K | $599 | 10x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1172% | 1h | 0.5094 | +2.309% | $252K | $545K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSD