data as of
Settings8H · net · $10k
Funding arb /

PI

all PI markets
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Funding spread now, next payment 17:00 UTC−0.0067%/8h
paid, last 24h−0.018%paid, last 4 days+0.020%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PI-USDT0.088860.0100pay 0.0050% / 4h3h 23m$6.6M
ShortInjective PI/USDC PERP0.088300.0033get 0.0004% / 1h23m 15s$1$9K5.5x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
−$14
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$24.02
Break-even
never at this rate
Slippage unknown: BingX: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.630%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago3.94 bp15.6 bp −$1654.8 bp −$548252.5 bp −$25.3K602.0 bp −$301.0K
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.

PI on 6 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget PIUSDT−0.0400%4h$4.8M$1.6M50xas long as short
Injective PI/USDC PERPshort+0.0033%1h$1$9K5.5x
OKX PI-USDT-SWAP+0.0100%4h$2.7M$6.0M20xas long as short
Gate PI_USDT+0.0100%4h$2.6M$1.9M50xas long as short
MEXC PI_USDT+0.0100%4h$8.9M$1.4M125xas long as short
BingX PI-USDTlong+0.0100%4h$6.6M