Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.009%
Price spread now: Injective against OKX+2.462%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.193%+$119 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 2.462% dearer against OKX than usual: you sell high and buy low (spread +2.462% now, against zero (this spread has no 7-day history yet)): +$246 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 7 days funding on this pair paid +1.193%, so the current rate has only just turned against you. The two prices were read 68 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 | OKX ETHFI-USDT-SWAP | 0.7066 | 0.0100 | pay 0.0050% / 4h | 20m 13s | $5.1M | $12.4M | 20x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 20m 13s | $321 | $51K | 5.5x |
OKX ETHFI-USDT-SWAP
Injective ETHFI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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: +2.462% → 0.000%
- $246.25
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $222.23
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.71 bp | 15.7 bp −$16 | 40.3 bp −$403 | 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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0458% | 1h | 0.7061 | −0.071% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0315% | 4h | 0.7049 | −0.241% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0226% | 4h | 0.7056 | −0.142% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +2.462% | $321 | $51K | 5.5x | |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7058 | −0.108% | $264K | $209K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0050% | 8h | 0.7058 | −0.120% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7067 | +0.013% | $1.1M | $879K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7065 | −0.013% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7063 | −0.045% | $180K | $263K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7057 | −0.127% | $24.5M | $35.2M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7061 | −0.071% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7066 | long leg | $5.1M | $12.4M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7062 | −0.057% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7057 | −0.127% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7062 | −0.057% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7058 | −0.113% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7060 | −0.085% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7055 | −0.153% | $979K | $701K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7071 | +0.075% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7061 | −0.071% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7054 | −0.168% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7056 | −0.148% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7052 | −0.198% | $1.2M | $247K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +0.425% | $31K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX