Funding you earn now, next payment 12:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.063%
Price spread now: Injective against OKX−1.508%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
Funding pays, the price is against you. Injective is 1.508% cheaper against OKX than usual: you would sell low and buy high (spread −1.508% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$151 on $10k: about 5 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYPL-USDT-SWAP | 53.040 | 0 | get 0.0000% / 8h | 4h 10m | $117K | $43K | 20x |
| Short | Injective PYPL/USDC PERP | 52.240 | 0.0033 | get 0.0004% / 1h | 10m 36s | $7K | $22K | 12x |
OKX PYPL-USDT-SWAP
Injective PYPL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- $7
- Price spread: −1.508% → 0.000%
- −$150.83
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$153.85
- Costs to cover
- 0.100%
- Break-even
- 160.8 days
Slippage unknown: OKX: live order book, 27 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 OKX live order book, 27 min ago | 8.49 bp | 63.0 bp −$63 | doesn't fit | 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 exchanges
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 | −0.0287% | 4h | 52.920 | −0.226% | $28K | $248K | 10x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.900 | −0.264% | $286K | $202K | 20x | as long as short |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.880 | −0.302% | $372K | $52K | 25x | as long as short |
| OKX PYPL-USDT-SWAPlong | 0.0000% | 8h | 53.040 | long leg | $117K | $43K | 20x | |
| Gate PYPL_USDT | 0.0000% | 8h | 52.880 | −0.302% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.880 | −0.302% | $78K | $9K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.950 | −0.170% | $7K | $23K | 10x | as long as short |
| Injective PYPL/USDC PERPshort | +0.0033% | 1h | 52.240 | −1.508% | $7K | $22K | 12x |
edgeX PYPLUSDC
Binance PYPLUSDT
Bybit PYPLUSDT
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT