Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2431+0.1497pay 0.0187% / 1h32m 41s$4K$28K10xLong Injective
SHORT0.2419+0.0100get 0.0050% / 4h32m 41s$1.7M$1.8M50xShort Phemex
Price gap−0.494%
Funding gap−0.1397% /8h

Both sides work against this direction now: funding costs $42 a day on $10k and the gap is 0.494% under zero (no 7-day history yet). Swap the legs.

Funding on this pair paid 0.435% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$43−0.1397% /8h now · paid +0.435% over the last 7D
Price—spread −0.494% now · no price history on both exchanges yet
Costsno datano order book for Injective
Result, before costs—no pointsneeds both price histories

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.435% in total, about +0.0213%/8h on average.

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phemex price against Injectivenow
RANGE STATS · 7D
Now−0.494%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

WIF on 32 exchanges

lowest funding first

Before you open

0 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Injective: its slippage is not counted.
  • Note: Margin at max leverage$1,000 + $200
    Injective 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$41.92Long Injective: 24 payments, −$44.92; short Phemex: 6 payments, +$3.00.
  • Note: No 7-day spread history−0.494%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$4K vs $1.7M OI
    Injective sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCInjective No · Phemex Yes
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0213%/8h × 21 periods+$44.70
Price spread−0.494% → 0−$49.36
Slippage, 4 ordersno data for Injective—
Fee Injective bp × 2 orders−$0.02
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$16.68
Costs to cover0.120%Break-even9.6 days
Slippage: Injective: no order-book sample; Phemex: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGInjective—————
SELL · SHORTPhemex6.2039.5 bp−$40doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Injective: no data.

Alert

WIF news

posts that mention WIF, from every exchangeSearch all news →
09-23 12:07PhemexListing🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗
09-23 09:31PhemexListingnew market WIFUSDT ($WIF) seen by our collector
09-22 07:03ApeX OmniOther59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗