Funding you earn now, next payment 13:00 UTC−0.0209%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.125%
Price spread now: Deribit against Injective−2.721%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$6 a day on $10k at the current rate, and Deribit is 2.721% cheaper against Injective than usual: you would sell low and buy high (−$272 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 | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 23m 13s | $321 | $51K | 5.5x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7043 | −0.0176 | pay 0.0022% / 1h | 23m 13s | $45K | $15K | 10x |
Injective ETHFI/USDC PERP
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$43.91
- Price spread: −2.721% → 0.000%
- −$272.1
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$323.03
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Deribit: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Injective and Deribit: 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.
ETHFI on 24 exchanges
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_ETHFIUSD | −0.0601% | 1h | 0.7050 | −2.629% | $303K | $315K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0324% | 4h | 0.7038 | −2.790% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0260% | 4h | 0.7040 | −2.763% | $895K | $640K | — | as long as short |
| Deribit ETHFI_USDC-PERPETUALshort | −0.0176% | 1h | 0.7043 | −2.721% | $45K | $15K | 10x | |
| Paradex ETHFI-USD-PERP | −0.0042% | 8h | 0.7023 | −2.996% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0008% | 1h | 0.7037 | −2.807% | $115K | $921K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0010% | 4h | 0.7038 | −2.790% | $15.8M | $3.7M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0012% | 4h | 0.7037 | −2.804% | $24.8M | $31.7M | 75x | as long as short |
| HTX ETHFI-USDT | +0.0019% | 4h | 0.7015 | −3.108% | $83K | $106K | 20x | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x |
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
HTX ETHFI-USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0040% | 4h | 0.7039 | −2.777% | $182K | $157K | 10x | as long as short |
| BloFin ETHFI-USDT | +0.0047% | 4h | 0.7026 | −2.956% | $1.2M | $228K | 75x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.7040 | −2.762% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7046 | −2.681% | $1.1M | $712K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7046 | −2.682% | $17.0M | $8.0M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7041 | −2.749% | $17.2M | $11.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7043 | −2.721% | $5.2M | $11.9M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7040 | −2.762% | $1.8M | $1.8M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7037 | −2.804% | $1.2M | $180K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7041 | −2.749% | $6.2M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7036 | −2.818% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7037 | −2.802% | $37K | $225K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7047 | −2.666% | $2K | $1.0M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0496% | 1h | 0.7056 | −2.541% | $36K | $10K | 50x | as long as short |
Aster ETHFIUSDT
BloFin ETHFI-USDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX