PI

Alert

Funding spread now, next payment 19:00 UTC+0.0067%/8h

paid, last 24h+0.018%paid, last 4 days−0.469%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PI/USDC PERP	0.08830	0.0033	pay 0.0004% / 1h	23m 31s	$1	$9K	5.5x
Short	MEXC PI_USDT	0.08895	0.0100	get 0.0050% / 4h	1h 23m	$9.0M	$1.3M	125x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee MEXCbpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $9.98
Break-even: 2.0 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.736%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	3.37 bp	11.2 bp −$11	47.9 bp −$479	174.1 bp −$17.4K	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget PIUSDT	−0.0594%	4h	$4.8M	$1.6M	50x	as long as short
Injective PI/USDC PERPlong	+0.0033%	1h	$1	$9K	5.5x
OKX PI-USDT-SWAP	+0.0100%	4h	$2.7M	$5.8M	20x	as long as short
Gate PI_USDT	+0.0100%	4h	$2.7M	$1.9M	50x	as long as short
MEXC PI_USDTshort	+0.0100%	4h	$9.0M	$1.3M	125x
BingX PI-USDT	+0.0100%	4h	—	$6.6M	—	as long as short