Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: Binance against Injective+0.978%7-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
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.978% dearer against Injective than usual: you sell high and buy low: +$98 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PYPL/USDC PERP | 52.140 | −0.0220 | get 0.0028% / 1h | 47m 16s | $7K | $22K | 12x |
| Short | Binance PYPLUSDT | 52.650 | 0 | get 0.0000% / 8h | 4h 47m | $284K | $173K | 20x |
Injective PYPL/USDC PERP
Binance PYPLUSDTFunding 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
- $46.2
- Price spread: +0.978% → 0.000%
- $97.81
- 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
- $133.99
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 14 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, 14 min ago | 3.80 bp | 23.6 bp −$24 | 117.9 bp −$1,179 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PYPLUSDC | −0.0662% | 4h | 52.670 | +1.017% | $28K | $249K | 10x | as long as short |
| Injective PYPL/USDC PERPlong | −0.0220% | 1h | 52.140 | long leg | $7K | $22K | 12x | |
| Binance PYPLUSDTshort | 0.0000% | 8h | 52.650 | +0.978% | $284K | $173K | 20x | |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.620 | +0.921% | $371K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.700 | +1.074% | $114K | $39K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.700 | +1.074% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.630 | +0.940% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.680 | +1.036% | $7K | $16K | 10x | as long as short |
edgeX PYPLUSDC
Bybit PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT