COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0522%/8h= +57.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.199%

Price spread now: Phoenix against Injective−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+1.075%+$108 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.026% cheaper against Injective than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective COIN/USDC PERP	195.88	−0.0440	get 0.0055% / 1h	11m 50s	$43K	$48K	30x
Short	Phoenix COIN	195.83	0.0082	get 0.0010% / 1h	11m 50s	$4K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −0.026%Rate

Funding earned: $109.53
Price spread: −0.026% → 0.000%: −$2.55
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $99.96
Costs to cover: 0.070%
Break-even: 0.6 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 31 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 Phoenix live order book, 31 min ago	3.57 bp	12.0 bp −$12	26.0 bp −$260	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
Bitget COINUSDT	−0.0842%	8h	196.54	+0.337%	$6.4M	$10.7M	20x	as long as short
Injective COIN/USDC PERPlong	−0.0440%	1h	195.88	long leg	$43K	$48K	30x
Vest COIN-USD-PERP	−0.0110%	1h	195.53	−0.179%	—	$289K	25x	as long as short
Gate COIN_USDT	−0.0076%	8h	196.58	+0.357%	$1.2M	$7.4M	50x	as long as short
Aster COINUSDT	0.0000%	8h	196.18	+0.153%	$342K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.39	+0.263%	$112K	$854K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.41	+0.271%	$15.1M	$82.5M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.36	+0.245%	$4.7M	$6.3M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.38	+0.255%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	195.78	−0.050%	$711K	$961K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	195.99	+0.056%	$11K	$2.6M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.21	+0.168%	$458K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.18	+0.153%	$1.3M	$3.0M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.07	+0.097%	$15K	$54K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.23	+0.179%	$15.2M	$13.8M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.14	+0.133%	$128K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.28	+0.204%	$97	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.74	−0.071%	$449K	$2.9M	10x	as long as short
Phoenix COINshort	+0.0082%	1h	195.83	−0.026%	$4K	$283K	10x
KuCoin COINUSDTM	+0.0100%	8h	196.00	+0.061%	$988K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.80	−0.041%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.20	+0.163%	$567	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.29	+0.208%	$116	—	10x	as long as short
Lighter COIN	+0.0120%	1h	196.27	+0.201%	$379K	$2.3M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.26	+0.194%	$187K	$421K	20x	as long as short
edgeX COINUSDC	+0.0146%	4h	195.88	−0.002%	$51K	$296K	10x	as long as short