Funding you earn now, next payment 02:00 UTC−0.4229%/8h= −463.1% APRpaid last 24h −1.425%
Price spread now: Injective against Binance−2.227%67s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$127 a day on $10k at the current rate, and Injective is 2.227% cheaper against Binance than usual: you would sell low and buy high (−$223 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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 | Binance USUALUSDT | 0.01370 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $2.1M | $3.4M | 50x |
| Short | Injective USUAL/USDC PERP | 0.01339 | −0.4129 | pay 0.0516% / 1h | 48m 14s | $6K | $2K | 5.5x |
Binance USUALUSDT
Injective USUAL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- −$888.08
- Price spread: −2.227% → 0.000%
- −$222.71
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,120.81
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 3 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 Binance live order book, 3 min ago | 2.57 bp | 22.6 bp −$23 | 136.4 bp −$1,364 | 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.
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERPshort | −0.4129% | 1h | 0.01339 | −2.227% | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0652% | 1h | 0.01368 | −0.095% | $111K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01371 | +0.110% | $393K | $184K | 3x | as long as short |
| Binance USUALUSDTlong | +0.0100% | 4h | 0.01370 | long leg | $2.1M | $3.4M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01371 | +0.110% | $1.0M | $787K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01371 | +0.110% | $926K | $179K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01369 | −0.015% | $6.0M | $238K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01370 | +0.037% | $270K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01370 | +0.037% | $822K | $422K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01371 | +0.088% | — | $1.2M | — | as long as short |
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01363 | −0.443% | $9K | $208 | — | as long as short |
Variational Omni USUAL