Funding you earn now, next payment 07:00 UTC−0.0450%/8h= −49.3% APRpaid last 24h −0.154%
Price spread now: Injective against Binance−0.862%87s7-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 −$14 a day on $10k at the current rate, and Injective is 0.862% cheaper against Binance than usual: you would sell low and buy high (−$86 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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 SNOWUSDT | 339.51 | 0.0230 | pay 0.0230% / 8h | 1h 31m | $741K | $753K | 25x |
| Short | Injective SNOW/USDC PERP | 336.58 | −0.0220 | pay 0.0028% / 1h | 31m 49s | $7K | $95 | 12x |
Binance SNOWUSDT
Injective SNOW/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
- −$94.58
- Price spread: −0.862% → 0.000%
- −$86.21
- 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
- −$190.81
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 60 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, 60 min ago | 2.21 bp | 44.2 bp −$44 | 111.3 bp −$1,113 | 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.
SNOW 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 SNOW/USDC PERPshort | −0.0220% | 1h | 336.58 | −0.862% | $7K | $95 | 12x | |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 339.47 | −0.011% | $329K | $162K | 20x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 339.67 | +0.048% | $102K | $229K | 20x | as long as short |
| Bitget SNOWUSDT | 0.0000% | 8h | 339.96 | +0.133% | $316K | $165K | 20x | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 339.54 | +0.010% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0165% | 8h | 339.41 | −0.028% | $59K | $63K | — | as long as short |
| Binance SNOWUSDTlong | +0.0230% | 8h | 339.51 | long leg | $741K | $753K | 25x | |
| Bybit SNOWUSDT | +0.0323% | 8h | 339.49 | −0.005% | $714K | $230K | 25x | as long as short |
OKX SNOW-USDT-SWAP
Gate SNOW_USDT
Bitget SNOWUSDT
HTX SNOW-USDT
Variational Omni SNOW
Bybit SNOWUSDT