Funding you earn now, next payment 23:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.011%
Price spread now: Bybit against Injective−0.351%98s7-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 −$1 a day on $10k at the current rate, and Bybit is 0.351% cheaper against Injective than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 98 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 | 33m 50s | $16K | $20K | 5.5x |
| Short | Bybit SOFIUSDT | 17.020 | 0 | get 0.0000% / 8h | 1h 33m | $532K | $862K | 25x |
Injective SOFI/USDC PERP
Bybit SOFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$7
- Price spread: −0.351% → 0.000%
- −$35.13
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.15
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 46 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 Bybit live order book, 46 min ago | 5.88 bp | 11.4 bp −$11 | 83.1 bp −$831 | 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 | −0.0247% | 4h | 17.022 | −0.338% | $12K | $244K | 10x | as long as short |
| Bybit SOFIUSDTshort | 0.0000% | 8h | 17.020 | −0.351% | $532K | $862K | 25x | |
| Gate SOFI_USDT | 0.0000% | 8h | 16.998 | −0.480% | $136K | $7K | 20x | as long as short |
| Bitget SOFIUSDT | 0.0000% | 8h | 17.007 | −0.427% | $485K | $128K | 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 | 16.990 | −0.527% | $2K | $363 | 5x | as long as short |
| Paragon para:SOFI | +0.0060% | 1h | 17.004 | −0.446% | $104K | $48K | 10x | as long as short |
| Lighter RH SOFI | +0.0344% | 1h | 17.036 | −0.258% | $29K | $16K | 10x | as long as short |
| Binance SOFIUSDT | +0.0929% | 8h | 17.020 | −0.351% | $1.6M | $717K | 25x | as long as short |
edgeX SOFIUSDC
Gate SOFI_USDT
Bitget SOFIUSDT
Extended SOFI-USD
Paragon para:SOFI
Lighter RH SOFI
Binance SOFIUSDT