Funding you earn now, next payment 22:00 UTC+0.2894%/8h= +316.9% APRpaid last 24h +0.176%
Price spread now: Injective against Bybit−0.193%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.493%−$49 on $10k
+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. Injective is 0.193% cheaper against Bybit than usual: you would sell low and buy high (spread −0.193% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 5 hours of funding at the current rate (+$87 a day). Mind the row above: over the last 7 days funding on this pair cost −0.493%, so the current rate has only just turned in your favour. The two prices were read 78 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 -0.493% in total (about -25.7% 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 UNIUSDT | 8.8070 | −0.0192 | get 0.0192% / 8h | 2h 50m | $102.6M | $103.9M | 75x |
| Short | Injective UNI/USDC PERP | 8.7900 | 0.2702 | get 0.0338% / 1h | 50m 06s | $657 | $97K | 12x |
Bybit UNIUSDT
Injective UNI/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
- $607.74
- Price spread: −0.193% → 0.000%
- −$19.3
- 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
- $577.42
- Costs to cover
- 0.110%
- Break-even
- 0.3 days
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 0.57 bp | 8.6 bp −$9 | 13.2 bp −$132 | 37.2 bp −$3,715 | 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.
UNI on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0200% | 8h | 8.7965 | −0.119% | $3.9M | $4.6M | — | as long as short |
| Bybit UNIUSDTlong | −0.0192% | 8h | 8.8070 | long leg | $102.6M | $103.9M | 75x | |
| 01 Exchange UNIUSD | −0.0056% | 1h | 8.8162 | +0.104% | $440 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8138 | +0.077% | $550K | $125K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8131 | +0.069% | $79K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0008% | 8h | 8.8100 | +0.034% | $54.2M | $244.6M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8133 | +0.072% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8102 | +0.037% | $848K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8126 | +0.064% | $1.0M | $3.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8143 | +0.083% | $297K | $559K | 10x | as long as short |
Variational Omni UNI
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
OKX UNI-USDT-SWAP
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.8090 | +0.023% | $215.8M | $593.6M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8210 | +0.159% | $272K | $605K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8080 | +0.011% | $22.9M | $58.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8100 | +0.034% | $42.6M | $24.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8080 | +0.011% | $13.7M | $13.6M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8120 | +0.057% | $31.9M | $41.0M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8080 | +0.011% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8121 | +0.058% | $975K | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8216 | +0.166% | $166K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8310 | +0.273% | $619K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8260 | +0.216% | $83K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8060 | −0.011% | $105K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8146 | +0.086% | $87K | $324K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8060 | −0.011% | $15K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8215 | +0.165% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8070 | 0.000% | $28K | $659K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8323 | +0.287% | $722K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8080 | +0.011% | $26.5M | $4.3M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8028 | −0.047% | $307K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8109 | +0.045% | $31K | $1K | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8210 | +0.159% | $1.0M | $5.3M | 50x | as long as short |
| dYdX UNI-USD | +0.0205% | 1h | 8.8150 | +0.091% | $244K | $5K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8060 | −0.011% | $9.8M | $3.3M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0270% | 1h | 8.8132 | +0.070% | $4.9M | $7.1M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0359% | 1h | 8.8097 | +0.030% | $16K | — | 20x | as long as short |
| Hyperliquid UNI | +0.0376% | 1h | 8.8221 | +0.171% | $95.8M | $59.6M | 10x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0380% / S −0.0320% | 1h | 8.8108 | +0.044% | $552K | — | 120x | as long as short |
| Lighter UNI | +0.0416% | 1h | 8.8263 | +0.219% | $4.5M | $5.3M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0484% | 1h | 8.8179 | +0.124% | $1K | $50K | 10x | as long as short |
| Injective UNI/USDC PERPshort | +0.2702% | 1h | 8.7900 | −0.193% | $657 | $97K | 12x |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
dYdX UNI-USD
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
Hyperliquid UNI
GMX UNI/USD [UNI-USDC]
Lighter UNI
Aftermath Perps UNIUSD