Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.036%
Price spread now: Injective against Bybit+0.496%88s7-day average −1.793% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.314%+$31 on $10k
+Price spread, last 3 days (all we have)−1.766%−$177 · spread now +0.496%, 7d avg −1.793%
=The price spread pays, funding is against you. Injective is 2.289% dearer against Bybit than usual: you sell high and buy low (spread +0.496% now, against its 7-day average of −1.793%): +$229 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 7 days funding on this pair paid +0.314%, so the current rate has only just turned against you. The two prices were read 88 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 | Bybit STXUSDT | 0.3424 | 0.0100 | pay 0.0100% / 8h | 2h 07m | $8.8M | $7.6M | 75x |
| Short | Injective STX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 7m 55s | $4K | $148K | 12x |
Bybit STXUSDT
Injective STX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: +0.496% → −1.793%
- $228.91
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $203.89
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 10 min ago; 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 Bybit live order book, 10 min ago | 1.47 bp | 21.1 bp −$21 | 66.5 bp −$665 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
STX on 18 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_STXUSD | −0.1367% | 1h | 0.3412 | −0.357% | $76K | $159K | 20x | as long as short |
| Variational Omni STX | −0.0531% | 8h | 0.3399 | −0.718% | $806K | $306K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3416 | −0.245% | — | — | 150x | as long as short |
| Injective STX/USDC PERPshort | +0.0033% | 1h | 0.3441 | +0.496% | $4K | $148K | 12x | |
| Aster STXUSDT | +0.0100% | 8h | 0.3424 | −0.012% | $128K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3429 | +0.149% | $8.0M | $20.2M | 75x | as long as short |
| Bybit STXUSDTlong | +0.0100% | 8h | 0.3424 | long leg | $8.8M | $7.6M | 75x | |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3430 | +0.175% | $2.4M | $6.7M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3424 | 0.000% | $600K | $442K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3428 | +0.117% | $6.3M | $1.5M | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Aster STXUSDT
Binance STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDT
MEXC STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3424 | 0.000% | $2.4M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3428 | +0.117% | $4.9M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3427 | +0.088% | — | $15.7M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3404 | −0.584% | $57K | $683K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3427 | +0.091% | $181K | $585K | 10x | as long as short |
| BloFin STX-USDT | +0.0130% | 8h | 0.3403 | −0.613% | $431K | $236K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3419 | −0.136% | $5K | — | 100x | as long as short |
| Hyperliquid STX | +0.0243% | 1h | 0.3432 | +0.237% | $1.5M | $1.0M | 5x | as long as short |
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]
Hyperliquid STX