Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Bybit against Injective−0.225%88s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 −$1 a day on $10k at the current rate, and Bybit is 0.225% cheaper against Injective than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 88 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 GILD/USDC PERP | 151.02 | 0.0033 | pay 0.0004% / 1h | 25m 51s | — | $41K | 12x |
| Short | Bybit GILDUSDT | 150.68 | 0 | get 0.0000% / 8h | 4h 25m | $67K | $39K | 25x |
Injective GILD/USDC PERP
Bybit GILDUSDTFunding 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
- −$7
- Price spread: −0.225% → 0.000%
- −$22.51
- 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
- −$40.53
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit no order-book sample | — | — | — | — | — |
Injective and Bybit: 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.
GILD on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GILDUSDTshort | 0.0000% | 8h | 150.68 | −0.225% | $67K | $39K | 25x | |
| Gate GILD_USDT | 0.0000% | 8h | 150.48 | −0.358% | $12K | $2K | 20x | as long as short |
| Bitget GILDUSDT | 0.0000% | 8h | 149.87 | −0.761% | $43K | $7K | 20x | as long as short |
| HTX GILD-USDT | 0.0000% | 8h | 150.68 | −0.225% | $5K | $412K | 10x | as long as short |
| Injective GILD/USDC PERPlong | +0.0033% | 1h | 151.02 | long leg | — | $41K | 12x |
Gate GILD_USDT
Bitget GILDUSDT
HTX GILD-USDT