Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.149%
Price spread now: Injective against Bybit−0.837%68s7-day average −0.625% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.480%−$48 on $10k
+Price spread, last 3 days (all we have)+0.783%+$78 · spread now −0.837%, 7d avg −0.625%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.212% cheaper against Bybit than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.625%). Swap the legs. 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 | Bybit OKBUSDT | 124.22 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $2.6M | $910K | 25x |
| Short | Injective OKB/USDC PERP | 123.18 | 0.0033 | get 0.0004% / 1h | 28m 15s | $25 | $306K | 5.5x |
Bybit OKBUSDT
Injective OKB/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: −0.837% → −0.625%
- −$21.18
- 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
- −$46.2
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 2.01 bp | 28.9 bp −$29 | 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.
OKB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OKBUSDT | −0.5778% | 1h | 122.15 | −1.663% | $49K | $22K | 5x | as long as short |
| Injective OKB/USDC PERPshort | +0.0033% | 1h | 123.18 | −0.837% | $25 | $306K | 5.5x | |
| BingX OKB-USDT | +0.0036% | 4h | 124.13 | −0.072% | — | $2.8M | — | as long as short |
| Bybit OKBUSDTlong | +0.0100% | 4h | 124.22 | long leg | $2.6M | $910K | 25x | |
| OKX OKB-USDT-SWAP | +0.0100% | 4h | 124.10 | −0.097% | $30.1M | $42.0M | 20x | as long as short |
| Gate OKB_USDT | +0.0100% | 8h | 124.04 | −0.145% | $1.5M | $599K | 25x | as long as short |
| MEXC OKB_USDT | +0.0100% | 4h | 124.09 | −0.105% | $1.2M | $468K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 124.06 | −0.132% | $61K | $33K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 124.36 | +0.113% | $67K | $283K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0270% / S −0.0266% | 1h | 123.99 | −0.181% | $3K | — | 100x | as long as short |
Aster OKBUSDT
BingX OKB-USDT
OKX OKB-USDT-SWAP
Gate OKB_USDT
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]