Funding you earn now, next payment 01:00 UTC+0.1139%/8h= +124.8% APRpaid last 24h +0.206%
Price spread now: Binance against Injective−0.148%57s7-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. Binance is 0.148% cheaper against Injective than usual: you would sell low and buy high (spread −0.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 10 hours of funding at the current rate (+$34 a day). The two prices were read 57 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 SOFI/USDC PERP | 17.080 | 0.0033 | pay 0.0004% / 1h | 10m 15s | $16K | $20K | 5.5x |
| Short | Binance SOFIUSDT | 17.055 | 0.1173 | get 0.1173% / 8h | 7h 10m | $1.6M | $697K | 25x |
Injective SOFI/USDC PERP
Binance SOFIUSDTFunding 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
- $239.29
- Price spread: −0.148% → 0.000%
- −$14.83
- 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
- $214.44
- Costs to cover
- 0.100%
- Break-even
- 0.7 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 8 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, 8 min ago | 5.86 bp | 21.6 bp −$22 | 66.0 bp −$660 | 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.
SOFI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SOFIUSDC | −0.0168% | 4h | 17.062 | −0.104% | $12K | $245K | 10x | as long as short |
| Gate SOFI_USDT | 0.0000% | 8h | 17.062 | −0.105% | $159K | $13K | 20x | as long as short |
| Bitget SOFIUSDT | 0.0000% | 8h | 17.029 | −0.299% | $534K | $152K | 20x | as long as short |
| Injective SOFI/USDC PERPlong | +0.0033% | 1h | 17.080 | long leg | $16K | $20K | 5.5x | |
| Extended SOFI-USD | +0.0040% | 1h | 16.995 | −0.498% | $2K | $363 | 5x | as long as short |
| Paragon para:SOFI | +0.0243% | 1h | 17.004 | −0.444% | $104K | $43K | 10x | as long as short |
| Bybit SOFIUSDT | +0.0435% | 8h | 17.040 | −0.234% | $532K | $840K | 25x | as long as short |
| Lighter RH SOFI | +0.0552% | 1h | 17.050 | −0.176% | $30K | $16K | 10x | as long as short |
| Binance SOFIUSDTshort | +0.1173% | 8h | 17.055 | −0.148% | $1.6M | $697K | 25x |
edgeX SOFIUSDC
Gate SOFI_USDT
Bitget SOFIUSDT
Extended SOFI-USD
Paragon para:SOFI
Bybit SOFIUSDT
Lighter RH SOFI