Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.099%
Price spread now: Binance against Injective+1.163%107s7-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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 1.163% dearer against Injective than usual: you sell high and buy low: +$116 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 107 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 | Injective SNOW/USDC PERP | 338.38 | −0.0220 | get 0.0028% / 1h | 29m 31s | $7K | $87 | 12x |
| Short | Binance SNOWUSDT | 342.32 | 0 | get 0.0000% / 8h | 5h 29m | $768K | $858K | 25x |
Injective SNOW/USDC PERP
Binance SNOWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $46.2
- Price spread: +1.163% → 0.000%
- $116.29
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $152.47
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 71 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 Binance live order book, 71 min ago | 4.09 bp | 40.5 bp −$41 | 102.6 bp −$1,026 | 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.
SNOW 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNOW/USDC PERPlong | −0.0220% | 1h | 338.38 | long leg | $7K | $87 | 12x | |
| Binance SNOWUSDTshort | 0.0000% | 8h | 342.32 | +1.163% | $768K | $858K | 25x | |
| Bybit SNOWUSDT | 0.0000% | 8h | 342.69 | +1.274% | $722K | $234K | 25x | as long as short |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 342.46 | +1.206% | $327K | $167K | 20x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 342.33 | +1.167% | $101K | $224K | 20x | as long as short |
| Bitget SNOWUSDT | 0.0000% | 8h | 342.38 | +1.182% | $301K | $195K | 20x | as long as short |
| Variational Omni SNOW | 0.0000% | 8h | 342.23 | +1.138% | $59K | $62K | — | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 342.31 | +1.161% | $8K | $41K | 10x | as long as short |
Bybit SNOWUSDT
OKX SNOW-USDT-SWAP
Gate SNOW_USDT
Bitget SNOWUSDT
Variational Omni SNOW
HTX SNOW-USDT