Funding you earn now, next payment 12:00 UTC−0.0480%/8h= −52.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.144%
Price spread now: Injective against Extended−0.598%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$800.799% of the position
Funding, last 7 days−0.837%−$84 on $10k
+Price spread, last 4 days (all we have)+0.543%+$54 · spread now −0.598%, 7d avg −0.066%
=Together, before fees−0.294%+ Points / potential airdropExtended: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 0.532% cheaper against Extended than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 199.22 | 0.0040 | pay 0.0005% / 1h | 9m 12s | $106K | $920K | 10x |
| Short | Injective COIN/USDC PERP | 198.03 | −0.0440 | pay 0.0055% / 1h | 9m 12s | $17K | $222K | 30x |
Extended COIN_24_5-USD
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$100.8
- Price spread: −0.598% → −0.066%
- −$53.22
- Slippage, 4 orders
- −$74.92
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$233.96
- Costs to cover
- 0.799%
- Break-even
- never at this rate
Slippage from Extended: live order book, 32 min ago; Injective: live order book, 33 min ago.
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 Extended live order book, 32 min ago | 1.01 bp | 8.8 bp −$9 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Injective live order book, 33 min ago | 31.17 bp | 31.2 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 COIN/USDC PERPshort | −0.0440% | 1h | 198.03 | −0.598% | $17K | $222K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 199.10 | −0.063% | $347K | $868K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.28 | +0.029% | $4.7M | $5.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.29 | +0.035% | $3.1M | $3.9M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.30 | +0.040% | $1.2M | $6.3M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.23 | +0.004% | $6.4M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 199.01 | −0.106% | $782K | $916K | — | as long as short |
| Lighter COIN | +0.0032% | 1h | 199.17 | −0.025% | $338K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.19 | −0.016% | $486K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 199.39 | +0.085% | $1.3M | $2.4M | 10x | as long as short |
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
Lighter COIN
Lighter RH COIN
QFEX COIN-USDShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0040% | 8h | 199.26 | +0.019% | $14.7M | $74.8M | 20x | as long as short |
| Extended COIN_24_5-USDlong | +0.0040% | 1h | 199.22 | long leg | $106K | $920K | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 199.46 | +0.120% | $13K | $40K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 199.27 | +0.024% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 199.12 | −0.051% | $14.6M | $10.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 199.24 | +0.009% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.02 | −0.101% | $86 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.25 | +0.014% | $312K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.16 | −0.031% | $938K | $306K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.81 | −0.206% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.22 | −0.001% | $576 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.20 | −0.008% | $118 | — | 10x | as long as short |
| GRVT COIN_USDT_Perp | +0.0112% | 8h | 199.05 | −0.084% | $18K | $3.4M | 10x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 199.26 | +0.019% | $5K | $268K | 10x | as long as short |
| BloFin COIN-USDT | +0.0153% | 8h | 199.31 | +0.045% | $151K | $483K | 20x | as long as short |
| edgeX COINUSDC | +0.0975% | 4h | 199.46 | +0.120% | $51K | $292K | 10x | as long as short |
Binance COINUSDT
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
GRVT COIN_USDT_Perp
Phoenix COIN
BloFin COIN-USDT
edgeX COINUSDC