Funding you earn now, next payment 23:00 UTC+0.4125%/8h= +451.7% APRpaid last 24h +1.437%
Price spread now: Binance against Injective+1.265%7-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 +$124 a day on $10k at the current rate, and Binance is 1.265% dearer against Injective than usual: you sell high and buy low: +$126 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USUAL/USDC PERP | 0.01335 | −0.4025 | get 0.0503% / 1h | 50m 57s | $6K | $2K | 5.5x |
| Short | Binance USUALUSDT | 0.01352 | 0.0100 | get 0.0050% / 4h | 1h 50m | $2.1M | $3.5M | 50x |
Injective USUAL/USDC PERP
Binance USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $866.19
- Price spread: +1.265% → 0.000%
- $126.49
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $982.66
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 15 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 Binance live order book, 15 min ago | 3.71 bp | 41.1 bp −$41 | 132.7 bp −$1,327 | 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.
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 PERPlong | −0.4025% | 1h | 0.01335 | long leg | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0708% | 1h | 0.01353 | +1.350% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01353 | +1.348% | $386K | $232K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01352 | +1.265% | $2.1M | $3.5M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01355 | +1.468% | $999K | $923K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01354 | +1.423% | $903K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01352 | +1.266% | $5.9M | $258K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01353 | +1.348% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01354 | +1.423% | $819K | $506K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01354 | +1.423% | — | $1.2M | — | as long as short |
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01353 | +1.385% | $9K | $208 | — | as long as short |
Variational Omni USUAL