Funding you earn now, next payment 22:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Gate against Injective+0.556%99s7-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
The price spread pays, funding is against you. Gate is 0.556% dearer against Injective than usual: you sell high and buy low (spread +0.556% now, against zero (this spread has no 7-day history yet)): +$56 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 56 days. The two prices were read 99 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 NKE/USDC PERP | 35.960 | 0.0033 | pay 0.0004% / 1h | 21m 45s | $975 | $11K | 12x |
| Short | Gate NKE_USDT | 36.160 | 0 | get 0.0000% / 8h | 2h 21m | $238K | $19K | 20x |
Injective NKE/USDC PERP
Gate NKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.556% → 0.000%
- $55.62
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $33.6
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 62 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 Gate live order book, 62 min ago | 17.95 bp | 196.3 bp −$196 | 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.
NKE 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NKE-USD | 0.0000% | 1h | 36.120 | +0.445% | $1.1M | $961K | 10x | as long as short |
| Gate NKE_USDTshort | 0.0000% | 8h | 36.160 | +0.556% | $238K | $19K | 20x | |
| HTX NKE-USDT | 0.0000% | 8h | 36.190 | +0.640% | $5K | $307K | 20x | as long as short |
| Injective NKE/USDC PERPlong | +0.0033% | 1h | 35.960 | long leg | $975 | $11K | 12x | |
| Bitget NKEUSDT | +0.0702% | 8h | 36.185 | +0.626% | $3.2M | $1.5M | 20x | as long as short |
QFEX NKE-USD
HTX NKE-USDT
Bitget NKEUSDT