Funding you earn now, next payment 06:00 UTC+0.1153%/8h= +126.3% APRnext payment +$1.44 per $10,000 · paid last 24h +0.548%
Price spread now: Injective against Coinbase International+3.509%64s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$35 a day on $10k at the current rate, and Injective is 3.509% dearer against Coinbase International than usual: you sell high and buy low: +$351 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 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 | Coinbase International S-PERP-INTX | 0.03961 | −0.1120 | get 0.0140% / 1h | 57m 32s | $48K | $18K | 25x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 57m 32s | $2K | $37K | 12x |
Coinbase International S-PERP-INTX
Injective S/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Coinbase International. 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
- $242.2
- Price spread: +3.509% → 0.000%
- $350.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $583.1
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Coinbase International and 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −1.0144% | 1h | 0.03950 | −0.278% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2363% | 1h | 0.04080 | +2.995% | $35K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1120% | 1h | 0.03961 | long leg | $48K | $18K | 25x | |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04083 | +3.067% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04083 | +3.082% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04082 | +3.061% | $629 | — | 150x | as long as short |
| Variational Omni S | +0.0020% | 4h | 0.04085 | +3.124% | $634K | $25K | — | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | +3.509% | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0085% | 4h | 0.04081 | +3.030% | $101K | $564K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04077 | +2.929% | $174K | $139K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Variational Omni S
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04075 | +2.868% | $1.0M | $597K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04068 | +2.714% | $48K | $111K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04068 | +2.689% | $5.8M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04059 | +2.474% | $5.8M | $4.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04078 | +2.954% | $1.0M | $3.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04060 | +2.499% | $330K | $179K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04073 | +2.828% | $4.0M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04067 | +2.676% | $1.9M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04067 | +2.676% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04064 | +2.600% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04080 | +3.004% | $24K | $489K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04064 | +2.602% | $228K | $592K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04078 | +2.954% | $279K | $117K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0730% | 1h | 0.04086 | +3.156% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.2379% | 1h | 0.04090 | +3.257% | $119K | $426K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP