Funding you earn now, next payment 06:00 UTC−0.0587%/8h= −64.3% APRpaid last 24h −0.152%
Price spread now: Injective against Bybit−1.142%48s7-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 −$18 a day on $10k at the current rate, and Injective is 1.142% cheaper against Bybit 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 48 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 | Bybit SNOWUSDT | 339.85 | 0.0367 | pay 0.0367% / 8h | 2h 58m | $717K | $289K | 25x |
| Short | Injective SNOW/USDC PERP | 335.97 | −0.0220 | pay 0.0028% / 1h | 58m 26s | $7K | $94 | 12x |
Bybit SNOWUSDT
Injective SNOW/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$123.34
- Price spread: −1.142% → 0.000%
- −$114.17
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$248.53
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: 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 Bybit live order book, 27 min ago | 3.67 bp | 68.8 bp −$69 | 192.6 bp −$1,926 | 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 | 335.97 | −1.142% | $7K | $94 | 12x | |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 339.33 | −0.153% | $329K | $162K | 20x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 339.87 | +0.006% | $101K | $230K | 20x | as long as short |
| Bitget SNOWUSDT | 0.0000% | 8h | 340.08 | +0.068% | $316K | $165K | 20x | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 339.73 | −0.035% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0346% | 8h | 339.66 | −0.057% | $60K | $61K | — | as long as short |
| Bybit SNOWUSDTlong | +0.0367% | 8h | 339.85 | long leg | $717K | $289K | 25x | |
| Binance SNOWUSDT | +0.0416% | 8h | 339.73 | −0.034% | $743K | $749K | 25x | as long as short |
OKX SNOW-USDT-SWAP
Gate SNOW_USDT
Bitget SNOWUSDT
HTX SNOW-USDT
Variational Omni SNOW
Binance SNOWUSDT