W

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0263%/8h= −28.8% APRnext payment −$0.33 per $10,000 · paid last 24h −0.067%

Price spread now: Injective against Coinbase International+2.579%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Injective is 2.579% dearer against Coinbase International than usual: you sell high and buy low (spread +2.579% now, against zero (this spread has no 7-day history yet)): +$258 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International W-PERP-INTX	0.01179	0.0296	pay 0.0037% / 1h	54m 43s	$14K	$18K	50x
Short	Injective W/USDC PERP	0.01209	0.0033	get 0.0004% / 1h	54m 43s	$1K	$1K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +2.579%Rate

Funding earned: −$55.16
Price spread: +2.579% → 0.000%: $257.93
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $192.75
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Coinbase International and 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.

W on 17 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
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01177	−0.153%	$17K	$790	10x	as long as short
Injective W/USDC PERPshort	+0.0033%	1h	0.01209	+2.579%	$1K	$1K	12x
OKX W-USDT-SWAP	+0.0035%	4h	0.01171	−0.687%	$1.3M	$2.2M	20x	as long as short
Hyperliquid W	+0.0100%	1h	0.01175	−0.305%	$2.0M	$465K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01173	−0.449%	$3.0M	$7.7M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01173	−0.501%	$4.1M	$2.1M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01170	−0.730%	$443K	$300K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01174	−0.373%	$12.8M	$1.7M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01173	−0.475%	$421K	$231K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01174	−0.390%	$1.3M	$555K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01172	−0.585%	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01178	−0.085%	$44K	$47K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01168	−0.925%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01170	−0.757%	$132K	$412K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01173	−0.461%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTXlong	+0.0296%	1h	0.01179	long leg	$14K	$18K	50x
Kraken Futures PF_WUSD	+0.0618%	1h	0.01178	−0.058%	$146K	$186K	20x	as long as short