Funding you earn now, next payment 01:00 UTC+0.0455%/8h= +49.8% APRnext payment +$0.57 per $10,000 · paid last 24h +0.134%
Price spread now: Injective against Deribit+1.605%63s7-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 +$14 a day on $10k at the current rate, and Injective is 1.605% dearer against Deribit than usual: you sell high and buy low: +$161 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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 | Deribit W_USDC-PERPETUAL | 0.01190 | −0.0422 | get 0.0053% / 1h | 17m 59s | $16K | $2K | 10x |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 17m 59s | $1K | $1K | 12x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. 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
- $95.59
- Price spread: +1.605% → 0.000%
- $160.52
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $249.09
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Deribit 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-PERPETUALlong | −0.0422% | 1h | 0.01190 | long leg | $16K | $2K | 10x | |
| Injective W/USDC PERPshort | +0.0033% | 1h | 0.01209 | +1.605% | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01191 | +0.092% | $2.0M | $409K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01191 | +0.084% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01189 | −0.059% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01190 | 0.000% | $1.3M | $2.0M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01191 | +0.050% | $449K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01191 | +0.092% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01191 | +0.092% | $457K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01191 | +0.092% | $1.3M | $568K | 50x | as long as short |
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01190 | +0.042% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01191 | +0.118% | $72K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01193 | +0.260% | $126K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01191 | +0.058% | $60K | $244K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01195 | +0.454% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1318% | 1h | 0.01193 | +0.292% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1420% | 1h | 0.01192 | +0.219% | $45K | $47K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP