Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: Bybit against Injective+11.036%108s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 11.036% dearer against Injective than usual: you sell high and buy low: +$1,104 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 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 ISRG/USDC PERP | 361.82 | −0.0220 | get 0.0028% / 1h | 7m 25s | $8K | $103 | 12x |
| Short | Bybit ISRGUSDT | 401.75 | 0 | get 0.0000% / 8h | 7h 07m | $80K | $204K | 25x |
Injective ISRG/USDC PERP
Bybit ISRGUSDTFunding 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
- $46.2
- Price spread: +11.036% → 0.000%
- $1,103.59
- 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
- $1,138.77
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 48 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 Bybit live order book, 48 min ago | 1.37 bp | 146.4 bp −$146 | doesn't fit | 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.
ISRG on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ISRG/USDC PERPlong | −0.0220% | 1h | 361.82 | long leg | $8K | $103 | 12x | |
| Bybit ISRGUSDTshort | 0.0000% | 8h | 401.75 | +11.036% | $80K | $204K | 25x | |
| OKX ISRG-USDT-SWAP | 0.0000% | 8h | 401.44 | +10.950% | $72K | $46K | 10x | as long as short |
| Gate ISRG_USDT | 0.0000% | 8h | 402.00 | +11.105% | $114K | $16K | 20x | as long as short |
| Bitget ISRGUSDT | 0.0000% | 8h | 402.04 | +11.116% | $81K | $38K | 20x | as long as short |
| Extended ISRG-USD | +0.0040% | 1h | 402.00 | +11.105% | — | — | 10x | as long as short |
| HTX ISRG-USDT | +0.0100% | 8h | 406.00 | +12.210% | $5K | $35K | 10x | as long as short |
OKX ISRG-USDT-SWAP
Gate ISRG_USDT
Bitget ISRGUSDT
Extended ISRG-USD
HTX ISRG-USDT