S

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1609%/8h= −176.2% APRnext payment −$2.01 per $10,000 · paid last 24h −0.628%

Price spread now: Coinbase International against Injective−6.683%64s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

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 against this trade now: funding costs −$48 a day on $10k at the current rate, and Coinbase International is 6.683% cheaper against Injective than usual: you would sell low and buy high (−$668 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	Injective S/USDC PERP	0.04100	0.0033	pay 0.0004% / 1h	17m 39s	$2K	$37K	12x
Short	Coinbase International S-PERP-INTX	0.03826	−0.1576	pay 0.0197% / 1h	17m 39s	$47K	$5K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −6.683%Rate

Funding earned: −$337.96
Price spread: −6.683% → 0.000%: −$668.29
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1,016.27
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Coinbase International: 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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Injective and Coinbase International: 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
Kraken Futures PF_SUSD	−0.1602%	1h	0.03901	−4.858%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTXshort	−0.1576%	1h	0.03826	−6.683%	$47K	$5K	25x
Variational Omni S	−0.0870%	4h	0.03900	−4.878%	$607K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0197% / S +0.0190%	1h	0.03906	−4.727%	$1K	—	100x	as long as short
01 Exchange SUSD	−0.0160%	1h	0.03840	−6.341%	$23K	$2K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03903	−4.817%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03907	−4.716%	$602	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03904	−4.780%	$99K	$344K	10x	as long as short
Injective S/USDC PERPlong	+0.0033%	1h	0.04100	long leg	$2K	$37K	12x
Lighter S	+0.0096%	1h	0.03906	−4.732%	$164K	$223K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.03905	−4.767%	$43K	$212K	10x	as long as short
Hyperliquid S	+0.0100%	1h	0.03902	−4.834%	$979K	$716K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03901	−4.854%	$5.3M	$18.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03894	−5.024%	$5.6M	$5.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03900	−4.878%	$975K	$5.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03903	−4.805%	$319K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03901	−4.854%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03900	−4.878%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03906	−4.732%	$1.2M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03901	−4.854%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	−4.634%	$25K	$460K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03899	−4.897%	$219K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0262%	1h	0.03908	−4.683%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03906	−4.732%	$267K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0471%	1h	0.03910	−4.634%	$114K	$300K	5x	as long as short