Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.036%
Price spread now: Bitget against Injective−1.737%71s7-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
Funding pays, the price is against you. Bitget is 1.737% cheaper against Injective than usual: you would sell low and buy high (spread −1.737% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$174 on $10k: about 3 months of funding at the current rate (+$2 a day). The two prices were read 71 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 W/USDC PERP | 0.01209 | 0.0033 | pay 0.0004% / 1h | 44m 04s | $1K | $1K | 12x |
| Short | Bitget WUSDT | 0.01188 | 0.0100 | get 0.0050% / 4h | 3h 44m | $1.3M | $575K | 50x |
Injective W/USDC PERP
Bitget WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $14
- Price spread: −1.737% → 0.000%
- −$173.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$171.72
- Costs to cover
- 0.120%
- Break-even
- 92.9 days
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 4.21 bp | 28.8 bp −$29 | 78.4 bp −$784 | 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.
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 | −0.0254% | 1h | 0.01189 | −1.663% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERPlong | +0.0033% | 1h | 0.01209 | long leg | $1K | $1K | 12x | |
| OKX W-USDT-SWAP | +0.0084% | 4h | 0.01188 | −1.712% | $1.3M | $2.0M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01188 | −1.737% | $2.0M | $417K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01189 | −1.671% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01187 | −1.787% | $4.2M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01186 | −1.894% | $448K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01188 | −1.704% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01190 | −1.572% | $459K | $219K | 50x | as long as short |
| Bitget WUSDTshort | +0.0100% | 4h | 0.01188 | −1.737% | $1.3M | $575K | 50x |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01188 | −1.737% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | −1.963% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01187 | −1.828% | $127K | $377K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01188 | −1.710% | $61K | $293K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01188 | −1.770% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1320% | 1h | 0.01192 | −1.441% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1322% | 1h | 0.01190 | −1.547% | $44K | $44K | 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