Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Injective against Binance−0.988%67s7-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 0.988% cheaper against Binance than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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 | Binance TEMUSDT | 77.970 | 0 | get 0.0000% / 8h | 1h 36m | $373K | $840K | 20x |
| Short | Injective TEM/USDC PERP | 77.200 | −0.0220 | pay 0.0028% / 1h | 36m 13s | $8K | $28K | 12x |
Binance TEMUSDT
Injective TEM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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: −0.988% → 0.000%
- −$98.79
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$155.01
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 71 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 Binance live order book, 71 min ago | 2.56 bp | 20.9 bp −$21 | 89.3 bp −$893 | 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.
TEM 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TEM/USDC PERPshort | −0.0220% | 1h | 77.200 | −0.988% | $8K | $28K | 12x | |
| Binance TEMUSDTlong | 0.0000% | 8h | 77.970 | long leg | $373K | $840K | 20x | |
| Bybit TEMUSDT | 0.0000% | 8h | 77.970 | 0.000% | $252K | $229K | 25x | as long as short |
| QFEX TEM-USD | 0.0000% | 1h | 77.870 | −0.129% | $1.1M | $884K | 10x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 77.910 | −0.077% | $59K | $10K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.950 | −0.026% | $197K | $765K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 77.960 | −0.013% | $6K | $385K | 20x | as long as short |
| Phemex TEMUSDT | 0.0000% | 8h | 77.980 | +0.012% | $812K | $69K | 20x | as long as short |
| OKX TEM-USDT-SWAP | +0.1305% | 8h | 78.204 | +0.300% | $67K | $371K | 20x | as long as short |
Bybit TEMUSDT
QFEX TEM-USD
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT
Phemex TEMUSDT
OKX TEM-USDT-SWAP