Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.091%
Price spread now: Injective against Gate−1.075%114s7-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 −$7 a day on $10k at the current rate, and Injective is 1.075% cheaper against Gate than usual: you would sell low and buy high (−$107 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 114 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 | Gate SNOW_USDT | 339.62 | 0 | get 0.0000% / 8h | 2h 59m | $101K | $230K | 20x |
| Short | Injective SNOW/USDC PERP | 335.97 | −0.0220 | pay 0.0028% / 1h | 59m 28s | $7K | $99 | 12x |
Gate SNOW_USDT
Injective SNOW/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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: −1.075% → 0.000%
- −$107.47
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$168.69
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 47 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 Gate live order book, 47 min ago | 11.44 bp | 199.1 bp −$199 | 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.
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 | −1.075% | $7K | $99 | 12x | |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 339.33 | −0.085% | $329K | $162K | 20x | as long as short |
| Gate SNOW_USDTlong | 0.0000% | 8h | 339.62 | long leg | $101K | $230K | 20x | |
| Bitget SNOWUSDT | 0.0000% | 8h | 340.08 | +0.135% | $316K | $165K | 20x | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 339.73 | +0.032% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0346% | 8h | 339.66 | +0.010% | $60K | $61K | — | as long as short |
| Bybit SNOWUSDT | +0.0371% | 8h | 339.90 | +0.082% | $717K | $289K | 25x | as long as short |
| Binance SNOWUSDT | +0.0420% | 8h | 339.65 | +0.007% | $743K | $749K | 25x | as long as short |
OKX SNOW-USDT-SWAP
Bitget SNOWUSDT
HTX SNOW-USDT
Variational Omni SNOW
Bybit SNOWUSDT
Binance SNOWUSDT