Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Injective against Phemex−0.963%7-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 0.963% cheaper against Phemex than usual: you would sell low and buy high (−$96 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TEMUSDT | 77.920 | 0 | get 0.0000% / 8h | 7h 48m | $811K | $67K | 20x |
| Short | Injective TEM/USDC PERP | 77.170 | −0.0220 | pay 0.0028% / 1h | 48m 53s | $8K | $28K | 12x |
Phemex TEMUSDT
Injective TEM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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: −0.963% → 0.000%
- −$96.25
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$154.47
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 49 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 Phemex live order book, 49 min ago | 3.85 bp | 32.8 bp −$33 | 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.
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 | 77.170 | −0.963% | $8K | $28K | 12x | |
| Binance TEMUSDT | 0.0000% | 8h | 77.910 | −0.013% | $376K | $818K | 20x | as long as short |
| Bybit TEMUSDT | 0.0000% | 8h | 77.840 | −0.103% | $261K | $231K | 25x | as long as short |
| QFEX TEM-USD | 0.0000% | 1h | 77.820 | −0.128% | $1.1M | $837K | 10x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 77.860 | −0.077% | $59K | $9K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.830 | −0.116% | $198K | $747K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 77.940 | +0.026% | $6K | $384K | 20x | as long as short |
| Phemex TEMUSDTlong | 0.0000% | 8h | 77.920 | long leg | $811K | $67K | 20x | |
| OKX TEM-USDT-SWAP | +0.1475% | 8h | 78.107 | +0.240% | $81K | $388K | 20x | as long as short |
Binance TEMUSDT
Bybit TEMUSDT
QFEX TEM-USD
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT
OKX TEM-USDT-SWAP