Funding you earn now, next payment 01:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.210%
Price spread now: Injective against Gate−0.030%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.978%−$98 on $10k
+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 −$13 a day on $10k at the current rate, and Injective is 0.030% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 COIN_USDT | 202.27 | 0 | get 0.0000% / 8h | 7h 58m | $1.3M | $6.8M | 50x |
| Short | Injective COIN/USDC PERP | 202.21 | −0.0440 | pay 0.0055% / 1h | 58m 15s | $45K | $48K | 30x |
Gate COIN_USDT
Injective COIN/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
- −$92.4
- Price spread: −0.030% → 0.000%
- −$2.97
- 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
- −$110.39
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 5 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, 5 min ago | 4.70 bp | 14.0 bp −$14 | 53.2 bp −$532 | 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.
COIN on 26 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 COIN/USDC PERPshort | −0.0440% | 1h | 202.21 | −0.030% | $45K | $48K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 202.10 | −0.084% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.28 | +0.006% | $119K | $445K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.31 | +0.021% | $15.8M | $76.5M | 20x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.34 | +0.035% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 202.27 | long leg | $1.3M | $6.8M | 50x | |
| Bitget COINUSDT | 0.0000% | 8h | 202.29 | +0.010% | $6.9M | $9.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.04 | −0.112% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.07 | −0.099% | $22K | $2.0M | 10x | as long as short |
| QFEX COIN-USD | +0.0032% | 1h | 202.27 | 0.000% | $1.4M | $4.0M | 10x | as long as short |
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_Perp
QFEX COIN-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus COIN-USD | +0.0040% | 1h | 202.23 | −0.020% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.19 | −0.040% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.18 | −0.044% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.24 | −0.015% | $91 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.83 | −0.218% | $360K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.05 | −0.109% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.00 | −0.133% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.14 | −0.064% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.11 | −0.077% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.36 | +0.044% | $200K | $343K | 20x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.08 | −0.094% | $5K | $278K | 10x | as long as short |
| edgeX COINUSDC | +0.0262% | 4h | 202.04 | −0.112% | $52K | $295K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0471% | 1h | 202.24 | −0.015% | $16.6M | $13.1M | 10x | as long as short |
| Lighter RH COIN | +0.0496% | 1h | 201.81 | −0.227% | $434K | $1.5M | 10x | as long as short |
| Bybit COINUSDT | +0.0867% | 8h | 202.26 | −0.005% | $5.1M | $6.0M | 50x | as long as short |
| Lighter COIN | +0.0896% | 1h | 201.82 | −0.220% | $377K | $1.8M | 10x | as long as short |
Arcus COIN-USD
Vest COIN-USD-PERP
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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC
tradeXYZ xyz:COIN
Lighter RH COIN
Bybit COINUSDT
Lighter COIN