Funding you earn now, next payment 03:00 UTC+0.5081%/8h= +556.4% APRpaid last 24h +1.418%
Price spread now: Binance against Injective+2.153%57s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$152 a day on $10k at the current rate, and Binance is 2.153% dearer against Injective than usual: you sell high and buy low: +$215 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 USUAL/USDC PERP | 0.01375 | −0.4981 | get 0.0623% / 1h | 12m 20s | $6K | $2K | 5.5x |
| Short | Binance USUALUSDT | 0.01405 | 0.0100 | get 0.0050% / 4h | 1h 12m | $2.2M | $3.2M | 50x |
Injective USUAL/USDC PERP
Binance USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $1,066.98
- Price spread: +2.153% → 0.000%
- $215.25
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $1,272.21
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 9 min ago. 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 Binance live order book, 9 min ago | 4.67 bp | 23.5 bp −$24 | 119.3 bp −$1,193 | doesn't fit | doesn't fit |
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 PERPlong | −0.4981% | 1h | 0.01375 | long leg | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0739% | 1h | 0.01404 | +2.097% | $114K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01405 | +2.182% | $402K | $172K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01405 | +2.153% | $2.2M | $3.2M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01407 | +2.305% | $1.1M | $737K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01405 | +2.182% | $950K | $105K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01405 | +2.182% | $6.1M | $230K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01405 | +2.182% | $277K | $55K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01407 | +2.327% | $836K | $371K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01405 | +2.182% | — | $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 | 0.01393 | +1.333% | $10K | $208 | — | as long as short |
Variational Omni USUAL