Funding you earn now, next payment 00:00 UTC+0.0574%/8h= +62.8% APRpaid last 24h +0.047%
Price spread now: Injective against Bitget+0.776%51s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$17 a day on $10k at the current rate, and Injective is 0.776% dearer against Bitget than usual: you sell high and buy low: +$78 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | Bitget PIUSDT | 0.09020 | −0.0514 | get 0.0257% / 4h | 48m 29s | $4.9M | $1.7M | 50x |
| Short | Injective PI/USDC PERP | 0.09090 | 0.0060 | get 0.0007% / 1h | 48m 29s | $1 | $75K | 5.5x |
Bitget PIUSDT
Injective PI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- $120.51
- Price spread: +0.776% → 0.000%
- $77.61
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $186.09
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 5.55 bp | 18.4 bp −$18 | 55.6 bp −$556 | 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.
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTlong | −0.0514% | 4h | 0.09020 | long leg | $4.9M | $1.7M | 50x | |
| Injective PI/USDC PERPshort | +0.0060% | 1h | 0.09090 | +0.776% | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09040 | +0.222% | $2.7M | $6.0M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09040 | +0.222% | $2.7M | $2.1M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09041 | +0.233% | $9.3M | $1.3M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.09035 | +0.166% | — | $6.6M | — | as long as short |
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT
BingX PI-USDT