Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: Bybit against Injective+9.634%58s7-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 Bybit is 9.634% dearer against Injective than usual: you sell high and buy low: +$963 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 V/USDC PERP | 336.31 | −0.0220 | get 0.0028% / 1h | 58m 27s | $16K | $30K | 12x |
| Short | Bybit VUSDT | 368.71 | 0 | get 0.0000% / 8h | 3h 58m | $127K | $10K | 25x |
Injective V/USDC PERP
Bybit VUSDTFunding 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
- $46.2
- Price spread: +9.634% → 0.000%
- $963.4
- 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
- $998.58
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 41 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, 41 min ago | 15.06 bp | 76.7 bp −$77 | doesn't fit | 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.
V on 11 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 VUSDC | −0.0698% | 4h | 369.00 | +9.720% | $192K | $181K | 10x | as long as short |
| Injective V/USDC PERPlong | −0.0220% | 1h | 336.31 | long leg | $16K | $30K | 12x | |
| KuCoin VUSDTM | −0.0097% | 8h | 368.10 | +9.453% | $291K | $784K | 20x | as long as short |
| Aster VUSDT | 0.0000% | 8h | 369.12 | +9.755% | $17K | $6K | 20x | as long as short |
| Binance VUSDT | 0.0000% | 8h | 368.94 | +9.702% | $596K | $270K | 20x | as long as short |
| Bybit VUSDTshort | 0.0000% | 8h | 368.71 | +9.634% | $127K | $10K | 25x | |
| Gate V_USDT | 0.0000% | 8h | 369.00 | +9.720% | $190K | $5K | 20x | as long as short |
| Bitget VUSDT | 0.0000% | 8h | 369.12 | +9.756% | $121K | $11K | 20x | as long as short |
| SunX V-USDT | 0.0000% | 8h | 368.73 | +9.640% | $774 | $633K | 10x | as long as short |
| HTX V-USDT | 0.0000% | 8h | 369.07 | +9.741% | $6K | $32K | 20x | as long as short |
edgeX VUSDC
KuCoin VUSDTM
Aster VUSDT
Binance VUSDT
Gate V_USDT
Bitget VUSDT
SunX V-USDT
HTX V-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT V_USDT_Perp | +0.0009% | 8h | 369.06 | +9.739% | $11K | $157K | 10x | as long as short |
GRVT V_USDT_Perp