Funding you earn now, next payment 00:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h +0.168%
Price spread now: Bybit against Injective+0.074%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.912%+$91 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.074% dearer against Injective than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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 COIN/USDC PERP | 202.13 | −0.0440 | get 0.0055% / 1h | 48m 31s | $45K | $49K | 30x |
| Short | Bybit COINUSDT | 202.28 | 0 | get 0.0000% / 8h | 48m 31s | $5.0M | $5.9M | 50x |
Injective COIN/USDC PERP
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $92.4
- Price spread: +0.074% → 0.000%
- $7.42
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $88.8
- Costs to cover
- 0.110%
- Break-even
- 0.3 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 2.72 bp | 12.3 bp −$12 | 28.3 bp −$283 | 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.
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 PERPlong | −0.0440% | 1h | 202.13 | long leg | $45K | $49K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 202.15 | +0.010% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.20 | +0.035% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.27 | +0.069% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 202.28 | +0.074% | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.23 | +0.049% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.25 | +0.059% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.18 | +0.025% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.22 | +0.046% | $21K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0006% | 8h | 202.33 | +0.099% | $6.9M | $10.1M | 20x | as long as short |
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 202.21 | +0.040% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.25 | +0.059% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.26 | +0.064% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.11 | −0.010% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.22 | +0.045% | $140K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.13 | 0.000% | $84 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 202.05 | −0.040% | $368K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.08 | −0.025% | $1.0M | $141K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.12 | −0.005% | $91K | $334K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.11 | −0.010% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.14 | +0.004% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.18 | +0.025% | $155K | $342K | 20x | as long as short |
| edgeX COINUSDC | +0.0147% | 4h | 202.18 | +0.025% | $52K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.29 | +0.079% | $5K | $279K | 10x | as long as short |
| Lighter COIN | +0.0248% | 1h | 202.26 | +0.064% | $374K | $2.0M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0313% | 1h | 202.20 | +0.035% | $16.5M | $13.1M | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
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
edgeX COINUSDC
Phoenix COIN
Lighter COIN
tradeXYZ xyz:COIN