Funding you earn now, next payment 06:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.055%
Price spread now: edgeX against Injective+1.017%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
=The price spread pays, funding is against you. edgeX is 1.017% dearer against Injective than usual: you sell high and buy low (spread +1.017% now, against zero (this spread has no 7-day history yet)): +$102 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PYPL/USDC PERP | 52.110 | −0.0220 | get 0.0028% / 1h | 15m 54s | $7K | $22K | 12x |
| Short | edgeX PYPLUSDC | 52.640 | −0.0239 | pay 0.0120% / 4h | 2h 15m | $28K | $248K | 10x |
Injective PYPL/USDC PERP
edgeX PYPLUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$4.05
- Price spread: +1.017% → 0.000%
- $101.74
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $88.66
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; edgeX: live order book, 31 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 edgeX live order book, 31 min ago | 8.55 bp | 17.4 bp −$17 | 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.
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 PYPLUSDCshort | −0.0239% | 4h | 52.640 | +1.017% | $28K | $248K | 10x | |
| Injective PYPL/USDC PERPlong | −0.0220% | 1h | 52.110 | long leg | $7K | $22K | 12x | |
| Binance PYPLUSDT | 0.0000% | 8h | 52.650 | +1.036% | $290K | $191K | 20x | as long as short |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.660 | +1.055% | $371K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.690 | +1.113% | $114K | $40K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.630 | +0.998% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.630 | +0.998% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.650 | +1.036% | $7K | $18K | 10x | as long as short |
Binance PYPLUSDT
Bybit PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT