Funding you earn now, next payment 11:00 UTC−0.0490%/8h= −53.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.147%
Price spread now: Injective against Ondo Perps−0.459%101s7-day average −0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.882%−$88 on $10k
+Price spread, last 4 days (all we have)+0.299%+$30 · spread now −0.459%, 7d avg −0.011%
=Together, before fees−0.583%+ Points / potential airdropOndo Perps: Active · farm board−$58 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 0.447% cheaper against Ondo Perps than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 101 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 | Ondo Perps COIN-USD.P | 198.43 | 0.0050 | pay 0.0006% / 1h | 55m 31s | $333K | $2.1M | 10x |
| Short | Injective COIN/USDC PERP | 197.52 | −0.0440 | pay 0.0055% / 1h | 55m 31s | $17K | $224K | 30x |
Ondo Perps COIN-USD.P
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Ondo Perps. 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
- −$102.98
- Price spread: −0.459% → −0.011%
- −$44.75
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$152.75
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Injective: live order book, 56 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 56 min ago | 24.06 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
Ondo Perps: 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 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 | 197.52 | −0.459% | $17K | $224K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 198.66 | +0.115% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.69 | +0.134% | $106K | $855K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.76 | +0.166% | $14.6M | $75.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.74 | +0.156% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.83 | +0.202% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.75 | +0.161% | $1.2M | $6.4M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.83 | +0.202% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.69 | +0.133% | $770K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.77 | +0.170% | $11K | $3.2M | 10x | as long as short |
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 198.74 | +0.156% | $1.3M | $2.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.71 | +0.142% | $347K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.72 | +0.146% | $483K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.78 | +0.176% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.63 | +0.101% | — | $288K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.65 | +0.111% | $14.8M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.61 | +0.091% | $136K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.68 | +0.126% | $98 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 198.43 | long leg | $333K | $2.1M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.71 | +0.141% | $937K | $247K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.44 | +0.005% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.69 | +0.131% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.68 | +0.128% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.77 | +0.171% | $193K | $492K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.71 | +0.141% | $5K | $256K | 10x | as long as short |
| edgeX COINUSDC | +0.0231% | 4h | 198.64 | +0.108% | $51K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC