Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against Bybit−13.389%78s7-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
Funding pays, the price is against you. Injective is 13.389% cheaper against Bybit than usual: you would sell low and buy high (spread −13.389% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,339 on $10k: about years of funding at the current rate (+$1 a day). The two prices were read 78 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 | Bybit IBMUSDT | 232.13 | 0 | get 0.0000% / 8h | 7h 46m | $1.0M | $341K | 50x |
| Short | Injective IBM/USDC PERP | 201.05 | 0.0033 | get 0.0004% / 1h | 46m 03s | — | $57 | 12x |
Bybit IBMUSDT
Injective IBM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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: −13.389% → 0.000%
- −$1,338.9
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,342.92
- Costs to cover
- 0.110%
- Break-even
- 1349.9 days
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 3.45 bp | 16.5 bp −$17 | 84.3 bp −$843 | 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.
IBM on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0003% | 8h | 232.34 | +0.090% | $47K | $60K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.15 | +0.007% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.27 | +0.061% | $53K | $311K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.33 | +0.086% | $3.8M | $5.5M | 20x | as long as short |
| Bybit IBMUSDTlong | 0.0000% | 8h | 232.13 | long leg | $1.0M | $341K | 50x | |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.33 | +0.086% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.43 | +0.129% | $743K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.08 | −0.022% | $779K | $334K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.16 | +0.011% | $256K | $13K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.28 | +0.066% | $439 | $168K | 10x | as long as short |
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 232.20 | +0.030% | $766 | $456K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.20 | +0.030% | $6K | $33K | 20x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.29 | +0.069% | $38K | $45K | 10x | as long as short |
| Injective IBM/USDC PERPshort | +0.0033% | 1h | 201.05 | −13.389% | — | $57 | 12x | |
| QFEX IBM-USD | +0.0036% | 1h | 232.32 | +0.082% | $1.2M | $2.1M | 10x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.31 | +0.078% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 232.19 | +0.026% | $1.8M | $802K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.18 | +0.022% | $194K | $68K | 20x | as long as short |
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
QFEX IBM-USD
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM