Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against Bybit−1.060%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
Funding pays, the price is against you. Injective is 1.060% cheaper against Bybit than usual: you would sell low and buy high (spread −1.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$106 on $10k: about 4 months of funding at the current rate (+$1 a day). 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 | Bybit JDUSDT | 27.360 | 0 | get 0.0000% / 8h | 2h 59m | $114K | $209K | 25x |
| Short | Injective JD/USDC PERP | 27.070 | 0.0033 | get 0.0004% / 1h | 59m 52s | $4 | $26K | 12x |
Bybit JDUSDT
Injective JD/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: −1.060% → 0.000%
- −$105.99
- 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
- −$110.01
- Costs to cover
- 0.110%
- Break-even
- 117.0 days
Slippage unknown: Bybit: live order book, 35 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, 35 min ago | 7.32 bp | 159.1 bp −$159 | 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.
JD 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 JDUSDTlong | 0.0000% | 8h | 27.360 | long leg | $114K | $209K | 25x | |
| Gate JD_USDT | 0.0000% | 8h | 27.403 | +0.157% | $27K | $2K | 20x | as long as short |
| Bitget JDUSDT | 0.0000% | 8h | 27.340 | −0.073% | $600K | $81K | 20x | as long as short |
| HTX JD-USDT | 0.0000% | 8h | 27.340 | −0.073% | $5K | $384K | 20x | as long as short |
| Injective JD/USDC PERPshort | +0.0033% | 1h | 27.070 | −1.060% | $4 | $26K | 12x |
Gate JD_USDT
Bitget JDUSDT
HTX JD-USDT