Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%
Price spread now: SunX against Injective−0.870%61s7-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 −$4 a day on $10k at the current rate, and SunX is 0.870% cheaper against Injective than usual: you would sell low and buy high (−$87 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 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 | 378.31 | 0.0220 | pay 0.0028% / 1h | 37m 54s | $6K | $38K | 12x |
| Short | SunX PANW-USDT | 375.02 | 0.0100 | get 0.0100% / 8h | 7h 37m | $1K | $584K | 10x |
Injective PANW/USDC PERP
SunX PANW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$25.2
- Price spread: −0.870% → 0.000%
- −$86.97
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$120.19
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago | 500.13 bp | doesn't fit | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PANWUSDT | 0.0000% | 8h | 374.91 | −0.899% | $522K | $830K | 25x | as long as short |
| Bybit PANWUSDT | 0.0000% | 8h | 374.40 | −1.034% | $322K | $322K | 25x | as long as short |
| QFEX PANW-USD | 0.0000% | 1h | 374.27 | −1.068% | $1.1M | $2.6M | 10x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 374.73 | −0.946% | $175K | $338K | 20x | as long as short |
| Gate PANW_USDT | +0.0044% | 8h | 375.06 | −0.859% | $67K | $5K | 20x | as long as short |
| SunX PANW-USDTshort | +0.0100% | 8h | 375.02 | −0.870% | $1K | $584K | 10x | |
| HTX PANW-USDT | +0.0100% | 8h | 374.11 | −1.110% | $935 | $40K | 10x | as long as short |
| Injective PANW/USDC PERPlong | +0.0220% | 1h | 378.31 | long leg | $6K | $38K | 12x |
Binance PANWUSDT
Bybit PANWUSDT
QFEX PANW-USD
Bitget PANWUSDT
Gate PANW_USDT
HTX PANW-USDT