Funding you earn now, next payment 00:00 UTC−0.0582%/8h= −63.7% APRpaid last 24h −0.047%
Price spread now: Bitget against Injective−0.990%111s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.990% cheaper against Injective than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 111 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 | Injective PI/USDC PERP | 0.09090 | 0.0060 | pay 0.0007% / 1h | 49m 30s | $1 | $75K | 5.5x |
| Short | Bitget PIUSDT | 0.09000 | −0.0522 | pay 0.0261% / 4h | 49m 30s | $4.9M | $1.7M | 50x |
Injective PI/USDC PERP
Bitget PIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$122.19
- Price spread: −0.990% → 0.000%
- −$99.01
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$233.22
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 min ago. 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 Bitget live order book, 4 min ago | 5.55 bp | 21.8 bp −$22 | 49.2 bp −$492 | doesn't fit | doesn't fit |
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 PIUSDTshort | −0.0522% | 4h | 0.09000 | −0.990% | $4.9M | $1.7M | 50x | |
| Injective PI/USDC PERPlong | +0.0060% | 1h | 0.09090 | long leg | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09018 | −0.792% | $2.7M | $5.9M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09020 | −0.770% | $2.7M | $2.1M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09023 | −0.737% | $9.3M | $1.3M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.09020 | −0.770% | — | $6.6M | — | as long as short |
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT
BingX PI-USDT