Funding you earn now, next payment 04:00 UTC−0.4643%/8h= −508.4% APRpaid last 24h −1.422%
Price spread now: Injective against BingX−0.931%87s7-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 −$139 a day on $10k at the current rate, and Injective is 0.931% cheaper against BingX than usual: you would sell low and buy high (−$93 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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 | BingX USUAL-USDT | 0.01397 | 0.0100 | pay 0.0050% / 4h | 53m 46s | — | $1.2M | — |
| Short | Injective USUAL/USDC PERP | 0.01384 | −0.4543 | pay 0.0568% / 1h | 53m 46s | $6K | $1K | 5.5x |
BingX USUAL-USDT
Injective USUAL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- −$975.03
- Price spread: −0.931% → 0.000%
- −$93.06
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,078.11
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: 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 BingX live order book, 2 min ago | 5.00 bp | 36.3 bp −$36 | 157.7 bp −$1,577 | 428.2 bp −$42.8K | 726.2 bp −$363.1K |
| 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.
USUAL on 11 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 USUAL/USDC PERPshort | −0.4543% | 1h | 0.01384 | −0.931% | $6K | $1K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0635% | 1h | 0.01399 | +0.126% | $112K | $20K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01398 | +0.072% | $401K | $171K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01397 | −0.014% | $2.3M | $3.2M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01399 | +0.115% | $1.1M | $745K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01398 | +0.072% | $945K | $104K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01396 | −0.043% | $6.1M | $229K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01397 | 0.000% | $275K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01399 | +0.143% | $830K | $374K | 50x | as long as short |
| BingX USUAL-USDTlong | +0.0100% | 4h | 0.01397 | long leg | — | $1.2M | — |
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01400 | +0.241% | $10K | $208 | — | as long as short |
Variational Omni USUAL