S

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0711%/8h= −77.9% APRnext payment −$0.89 per $10,000 · paid last 24h +0.043%

Price spread now: Injective against Deribit+1.838%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Injective is 1.838% dearer against Deribit than usual: you sell high and buy low (spread +1.838% now, against zero (this spread has no 7-day history yet)): +$184 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit S_USDC-PERPETUAL	0.04026	0.0745	pay 0.0093% / 1h	48m 31s	$68K	$10K	10x
Short	Injective S/USDC PERP	0.04100	0.0033	get 0.0004% / 1h	48m 31s	$2K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee InjectivebpOrdersPrice spread, now +1.838%Rate

Funding earned: −$149.35
Price spread: +1.838% → 0.000%: $183.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $27.43
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Deribit 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	−0.6584%	1h	0.03840	−4.620%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.03946	−1.987%	$49K	$5K	25x	as long as short
Kraken Futures PF_SUSD	−0.1260%	1h	0.04021	−0.123%	$34K	$23K	10x	as long as short
Variational Omni S	−0.0587%	4h	0.04005	−0.512%	$623K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04021	−0.119%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04009	−0.431%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04021	−0.115%	$620	—	150x	as long as short
Injective S/USDC PERPshort	+0.0033%	1h	0.04100	+1.838%	$2K	$37K	12x
Orderly PERP_S_USDC	+0.0039%	4h	0.04020	−0.149%	$101K	$333K	10x	as long as short
Lighter S	+0.0096%	1h	0.04015	−0.273%	$165K	$165K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04011	−0.380%	$1.0M	$611K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04017	−0.232%	$44K	$137K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04008	−0.447%	$5.5M	$15.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04005	−0.522%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04010	−0.397%	$1.0M	$4.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04010	−0.397%	$330K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04011	−0.373%	$3.8M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04014	−0.298%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04011	−0.373%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04005	−0.522%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04000	−0.646%	$26K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04003	−0.571%	$225K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	−0.050%	$272K	$122K	75x	as long as short
Deribit S_USDC-PERPETUALlong	+0.0745%	1h	0.04026	long leg	$68K	$10K	10x
Backpack S_USDC_PERP	+0.0911%	1h	0.04030	+0.099%	$117K	$333K	5x	as long as short