Funding you earn now, next payment 01:00 UTC+0.0555%/8h= +60.8% APRpaid last 24h +0.015%
Price spread now: Binance against Injective−1.022%67s7-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. Binance is 1.022% cheaper against Injective than usual: you would sell low and buy high (spread −1.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$102 on $10k: about 6.1 days of funding at the current rate (+$17 a day). The two prices were read 67 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 PANW/USDC PERP | 376.10 | 0.0220 | pay 0.0028% / 1h | 38m 14s | $6K | $38K | 12x |
| Short | Binance PANWUSDT | 372.26 | 0.0775 | get 0.0775% / 8h | 7h 38m | $516K | $794K | 25x |
Injective PANW/USDC PERP
Binance PANWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $116.61
- Price spread: −1.022% → 0.000%
- −$102.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $4.42
- Costs to cover
- 0.100%
- Break-even
- 6.7 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 69 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 Binance live order book, 69 min ago | 2.96 bp | 23.6 bp −$24 | 77.3 bp −$773 | 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.
PANW on 8 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 PANWUSDT | 0.0000% | 8h | 371.79 | −1.146% | $315K | $327K | 25x | as long as short |
| Gate PANW_USDT | 0.0000% | 8h | 372.16 | −1.048% | $67K | $5K | 20x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 372.16 | −1.048% | $177K | $373K | 20x | as long as short |
| QFEX PANW-USD | 0.0000% | 1h | 371.74 | −1.159% | $1.1M | $2.7M | 10x | as long as short |
| SunX PANW-USDT | +0.0100% | 8h | 372.38 | −0.989% | $1K | $697K | 10x | as long as short |
| HTX PANW-USDT | +0.0100% | 8h | 373.85 | −0.598% | $512 | $39K | 10x | as long as short |
| Injective PANW/USDC PERPlong | +0.0220% | 1h | 376.10 | long leg | $6K | $38K | 12x | |
| Binance PANWUSDTshort | +0.0775% | 8h | 372.26 | −1.022% | $516K | $794K | 25x |
Bybit PANWUSDT
Gate PANW_USDT
Bitget PANWUSDT
QFEX PANW-USD
SunX PANW-USDT
HTX PANW-USDT