Funding you earn now, next payment 23:00 UTC−0.0570%/8h= −62.4% APRpaid last 24h +0.035%
Price spread now: Injective against Bybit−0.545%98s7-day average −0.171% · 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)−0.032%−$3 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.545%, 7d avg −0.171%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Injective is 0.373% cheaper against Bybit than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.171%). Swap the legs. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.032% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VETUSDT | 0.009180 | 0.0100 | pay 0.0100% / 8h | 1h 47m | $6.0M | $3.8M | 75x |
| Short | Injective VET/USDC PERP | 0.009130 | −0.0470 | pay 0.0059% / 1h | 47m 45s | $7 | $134K | 12x |
Bybit VETUSDT
Injective VET/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
- −$119.69
- Price spread: −0.545% → −0.171%
- −$37.32
- 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
- −$168.03
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 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, 5 min ago | 2.73 bp | 36.1 bp −$36 | 50.0 bp −$500 | 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.
VET on 12 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_VETUSD | −0.0877% | 1h | 0.009193 | +0.143% | $127K | $90K | 10x | as long as short |
| Injective VET/USDC PERPshort | −0.0470% | 1h | 0.009130 | −0.545% | $7 | $134K | 12x | |
| gTrade (Gains Network) VET/USD | L −0.0001% / S +0.0006% | 1h | 0.009190 | +0.108% | $4K | — | 150x | as long as short |
| Binance VETUSDT | +0.0100% | 8h | 0.009193 | +0.142% | $6.5M | $14.8M | 75x | as long as short |
| Bybit VETUSDTlong | +0.0100% | 8h | 0.009180 | long leg | $6.0M | $3.8M | 75x | |
| Gate VET_USDT | +0.0100% | 8h | 0.009184 | +0.044% | $510K | $213K | 25x | as long as short |
| MEXC VET_USDT | +0.0100% | 8h | 0.009190 | +0.109% | $8.1M | $1.2M | 125x | as long as short |
| KuCoin VETUSDTM | +0.0100% | 8h | 0.009194 | +0.153% | $5.3M | $3.9M | 50x | as long as short |
| Bitget VETUSDT | +0.0100% | 8h | 0.009191 | +0.120% | $5.0M | $1.8M | 50x | as long as short |
| BingX VET-USDT | +0.0100% | 8h | 0.009183 | +0.033% | — | $2.5M | — | as long as short |
Kraken Futures PF_VETUSD
gTrade (Gains Network) VET/USD
Binance VETUSDT
Gate VET_USDT
MEXC VET_USDT
KuCoin VETUSDTM
Bitget VETUSDT
BingX VET-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni VET | +0.0100% | 8h | 0.009147 | −0.357% | $28K | $668 | — | as long as short |
| BloFin VET-USDT | +0.0220% | 8h | 0.009174 | −0.065% | $399K | $518K | 75x | as long as short |
Variational Omni VET
BloFin VET-USDT