Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Bitget against Injective−0.970%7-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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.970% cheaper against Injective than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PANW/USDC PERP | 375.45 | 0.0220 | pay 0.0028% / 1h | 13m 11s | $6K | $38K | 12x |
| Short | Bitget PANWUSDT | 371.81 | 0 | get 0.0000% / 8h | 5h 13m | $174K | $378K | 20x |
Injective PANW/USDC PERP
Bitget PANWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.970% → 0.000%
- −$96.95
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$155.17
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 42 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 Bitget live order book, 42 min ago | 7.53 bp | 44.6 bp −$45 | 61.8 bp −$618 | 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 | 371.57 | −1.033% | $315K | $323K | 25x | as long as short |
| QFEX PANW-USD | 0.0000% | 1h | 371.43 | −1.071% | $1.1M | $2.6M | 10x | as long as short |
| Gate PANW_USDT | 0.0000% | 8h | 371.97 | −0.927% | $67K | $5K | 20x | as long as short |
| Bitget PANWUSDTshort | 0.0000% | 8h | 371.81 | −0.970% | $174K | $378K | 20x | |
| SunX PANW-USDT | +0.0100% | 8h | 371.50 | −1.052% | $1K | $634K | 10x | as long as short |
| HTX PANW-USDT | +0.0100% | 8h | 370.94 | −1.201% | $619 | $39K | 10x | as long as short |
| Injective PANW/USDC PERPlong | +0.0220% | 1h | 375.45 | long leg | $6K | $38K | 12x | |
| Binance PANWUSDT | +0.0260% | 8h | 371.96 | −0.929% | $518K | $765K | 25x | as long as short |
Bybit PANWUSDT
QFEX PANW-USD
Gate PANW_USDT
SunX PANW-USDT
HTX PANW-USDT
Binance PANWUSDT