Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bybit−6.715%78s7-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 −$2 a day on $10k at the current rate, and Injective is 6.715% cheaper against Bybit than usual: you would sell low and buy high (−$672 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | Bybit APEUSDT | 0.1477 | 0.0100 | pay 0.0100% / 8h | 5h 09m | $3.7M | $3.0M | 50x |
| Short | Injective APE/USDC PERP | 0.1378 | 0.0033 | get 0.0004% / 1h | 9m 56s | $1K | $12K | 5.5x |
Bybit APEUSDT
Injective APE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: −6.715% → 0.000%
- −$671.54
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$696.56
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.34 bp | 23.3 bp −$23 | 51.7 bp −$517 | 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.
APE on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APEUSD | −0.0178% | 1h | 0.1478 | +0.085% | $407K | $611K | 20x | as long as short |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1476 | −0.079% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.397% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1476 | −0.081% | $11K | $18K | 25x | as long as short |
| Injective APE/USDC PERPshort | +0.0033% | 1h | 0.1378 | −6.715% | $1K | $12K | 5.5x | |
| dYdX APE-USD | +0.0059% | 1h | 0.1478 | +0.021% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1480 | +0.162% | $1.3M | $365K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1477 | −0.039% | $123K | $21K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1476 | −0.057% | $4.1M | $6.6M | 50x | as long as short |
| Bybit APEUSDTlong | +0.0100% | 8h | 0.1477 | long leg | $3.7M | $3.0M | 50x |
Kraken Futures PF_APEUSD
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1475 | −0.115% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1477 | −0.014% | $636K | $309K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1474 | −0.217% | $4.4M | $878K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1476 | −0.081% | $1.8M | $2.8M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1475 | −0.149% | $2.1M | $549K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1477 | −0.014% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1477 | +0.011% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1476 | −0.104% | $4K | $206K | 10x | as long as short |
| BloFin APE-USDT | +0.0220% | 8h | 0.1479 | +0.122% | $222K | $57K | 75x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1483 | +0.393% | $100K | $8K | 25x | as long as short |
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Coinbase International APE-PERP-INTX