Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Injective against Binance−1.137%107s7-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 Injective is 1.137% cheaper against Binance than usual: you would sell low and buy high (−$114 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 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 | Binance PYPLUSDT | 52.750 | 0 | get 0.0000% / 8h | 7h 19m | $280K | $198K | 20x |
| Short | Injective PYPL/USDC PERP | 52.150 | −0.0220 | pay 0.0028% / 1h | 19m 30s | $7K | $22K | 12x |
Binance PYPLUSDT
Injective PYPL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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: −1.137% → 0.000%
- −$113.74
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$169.96
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 42 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 Binance live order book, 42 min ago | 1.90 bp | 11.8 bp −$12 | 78.2 bp −$782 | 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.
PYPL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYPL/USDC PERPshort | −0.0220% | 1h | 52.150 | −1.137% | $7K | $22K | 12x | |
| edgeX PYPLUSDC | −0.0027% | 4h | 52.720 | −0.056% | $28K | $249K | 10x | as long as short |
| Binance PYPLUSDTlong | 0.0000% | 8h | 52.750 | long leg | $280K | $198K | 20x | |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.720 | −0.057% | $371K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.800 | +0.095% | $115K | $39K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.790 | +0.076% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.660 | −0.171% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.730 | −0.038% | $7K | $21K | 10x | as long as short |
edgeX PYPLUSDC
Bybit PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT