Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h +0.006%
Price spread now: OKX against Injective−2.291%68s7-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 −$3 a day on $10k at the current rate, and OKX is 2.291% cheaper against Injective than usual: you would sell low and buy high (−$229 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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 | 56m 18s | $1K | $1K | 12x |
| Short | OKX W-USDT-SWAP | 0.01181 | −0.0060 | pay 0.0030% / 4h | 56m 18s | $1.3M | $2.0M | 20x |
Injective W/USDC PERP
OKX W-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$19.67
- Price spread: −2.291% → 0.000%
- −$229.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$258.81
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; OKX: 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 OKX live order book, 6 min ago | 2.13 bp | 30.8 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX W-USDT-SWAPshort | −0.0060% | 4h | 0.01181 | −2.291% | $1.3M | $2.0M | 20x | |
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01182 | −2.208% | $17K | $1K | 10x | as long as short |
| Injective W/USDC PERPlong | +0.0033% | 1h | 0.01209 | long leg | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01182 | −2.233% | $2.0M | $425K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01182 | −2.234% | $3.0M | $6.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01180 | −2.374% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01178 | −2.531% | $444K | $290K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01182 | −2.225% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01181 | −2.316% | $457K | $218K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01182 | −2.233% | $1.3M | $573K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Hyperliquid W
Binance WUSDT
Bybit WUSDT
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 | 0.01181 | −2.316% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01176 | −2.730% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01179 | −2.503% | $130K | $385K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01182 | −2.247% | $59K | $228K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01181 | −2.341% | $14K | $17K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0718% | 1h | 0.01185 | −2.013% | $147K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1175% | 1h | 0.01183 | −2.126% | $44K | $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