Funding you earn now, next payment 10:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against OKX−13.597%58s7-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 13.597% cheaper against OKX than usual: you would sell low and buy high (spread −13.597% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,360 on $10k: about years of funding at the current rate (+$1 a day). The two prices were read 58 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 | OKX IBM-USDT-SWAP | 232.69 | 0 | get 0.0000% / 8h | 6h 58m | $1.4M | $1.1M | 20x |
| Short | Injective IBM/USDC PERP | 201.05 | 0.0033 | get 0.0004% / 1h | 58m 28s | — | $57 | 12x |
OKX IBM-USDT-SWAP
Injective IBM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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: −13.597% → 0.000%
- −$1,359.75
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,362.77
- Costs to cover
- 0.100%
- Break-even
- 1369.8 days
Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.22 bp | 15.7 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:IBM | −0.0145% | 1h | 232.50 | −0.082% | $1.8M | $773K | 10x | as long as short |
| BloFin IBM-USDT | −0.0003% | 8h | 232.67 | −0.009% | $47K | $61K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.60 | −0.039% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.71 | +0.009% | $54K | $313K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.78 | +0.040% | $3.8M | $4.8M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.65 | −0.017% | $995K | $319K | 50x | as long as short |
| OKX IBM-USDT-SWAPlong | 0.0000% | 8h | 232.69 | long leg | $1.4M | $1.1M | 20x | |
| Gate IBM_USDT | 0.0000% | 8h | 232.77 | +0.034% | $743K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.72 | +0.013% | $782K | $293K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.69 | −0.001% | $258K | $15K | — | as long as short |
tradeXYZ xyz:IBM
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 232.43 | −0.112% | $904 | $424K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.79 | +0.043% | $6K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0015% | 1h | 232.69 | 0.000% | $1.2M | $2.0M | 10x | as long as short |
| Injective IBM/USDC PERPshort | +0.0033% | 1h | 201.05 | −13.597% | — | $57 | 12x | |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.57 | −0.052% | — | — | 25x | as long as short |
| Lighter IBM | +0.0080% | 1h | 232.90 | +0.090% | $38K | $45K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.66 | −0.013% | $195K | $114K | 20x | as long as short |
| GRVT IBM_USDT_Perp | +0.0391% | 8h | 232.77 | +0.034% | $573 | $164K | 10x | as long as short |
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USD
Vest IBM-USD-PERP
Lighter IBM
KuCoin IBMUSDTM
GRVT IBM_USDT_Perp