Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Injective against Gate−10.138%99s7-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 −$7 a day on $10k at the current rate, and Injective is 10.138% cheaper against Gate than usual: you would sell low and buy high (−$1,014 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 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 | Gate BAC_USDT | 58.000 | 0 | get 0.0000% / 8h | 3h 59m | $256K | $11K | 20x |
| Short | Injective BAC/USDC PERP | 52.120 | −0.0220 | pay 0.0028% / 1h | 59m 28s | $4K | $24K | 12x |
Gate BAC_USDT
Injective BAC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- −$46.2
- Price spread: −10.138% → 0.000%
- −$1,013.79
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,075.01
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 52 min ago; 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 Gate live order book, 52 min ago | 39.57 bp | 91.2 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
BAC on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BAC/USDC PERPshort | −0.0220% | 1h | 52.120 | −10.138% | $4K | $24K | 12x | |
| Bybit BACUSDT | 0.0000% | 8h | 58.040 | +0.069% | $172K | $229K | 25x | as long as short |
| Gate BAC_USDTlong | 0.0000% | 8h | 58.000 | long leg | $256K | $11K | 20x | |
| Bitget BACUSDT | 0.0000% | 8h | 58.040 | +0.069% | $357K | $93K | 20x | as long as short |
Bybit BACUSDT
Bitget BACUSDT