Funding you earn now, next payment 23:00 UTC+0.4125%/8h= +451.7% APRpaid last 24h +1.437%
Price spread now: BingX against Injective+1.423%57s7-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 BingX is 1.423% dearer against Injective than usual: you sell high and buy low: +$142 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 USUAL/USDC PERP | 0.01335 | −0.4025 | get 0.0503% / 1h | 50m 23s | $6K | $2K | 5.5x |
| Short | BingX USUAL-USDT | 0.01354 | 0.0100 | get 0.0050% / 4h | 1h 50m | — | $1.2M | — |
Injective USUAL/USDC PERP
BingX USUAL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +1.423% → 0.000%
- $142.32
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $998.49
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago | 5.54 bp | 32.9 bp −$33 | 136.1 bp −$1,361 | 549.3 bp −$54.9K | 795.7 bp −$397.8K |
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 | +1.330% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01353 | +1.348% | $386K | $232K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01352 | +1.304% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01355 | +1.476% | $1.0M | $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 | +1.303% | $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-USDTshort | +0.0100% | 4h | 0.01354 | +1.423% | — | $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 | 0.01355 | +1.527% | $9K | $208 | — | as long as short |
Variational Omni USUAL