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: Deribit against Injective−1.580%63s7-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
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 1.580% cheaper against Injective than usual: you would sell low and buy high (−$158 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Injective W/USDC PERP | 0.01209 | 0.0033 | pay 0.0004% / 1h | 18m 14s | $1K | $1K | 12x |
| Short | Deribit W_USDC-PERPETUAL | 0.01190 | −0.0422 | pay 0.0053% / 1h | 18m 14s | $16K | $2K | 10x |
Injective W/USDC PERP
Deribit W_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$95.59
- Price spread: −1.580% → 0.000%
- −$157.98
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$260.59
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Deribit: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Injective and Deribit: 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-PERPETUALshort | −0.0422% | 1h | 0.01190 | −1.580% | $16K | $2K | 10x | |
| Injective W/USDC PERPlong | +0.0033% | 1h | 0.01209 | long leg | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01191 | −1.489% | $2.0M | $409K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01191 | −1.489% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01189 | −1.638% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01190 | −1.580% | $1.3M | $2.0M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01191 | −1.530% | $449K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01190 | −1.547% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01191 | −1.489% | $457K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01191 | −1.489% | $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 | −1.538% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01191 | −1.464% | $72K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01193 | −1.324% | $126K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | −1.621% | $60K | $244K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01195 | −1.133% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1318% | 1h | 0.01193 | −1.292% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1420% | 1h | 0.01192 | −1.365% | $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