Funding you earn now, next payment 23:00 UTC+0.0570%/8h= +62.4% APRpaid last 24h −0.035%
Price spread now: Bybit against Injective+0.370%58s7-day average +0.171% · 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)+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.370%, 7d avg +0.171%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bybit is 0.199% dearer against Injective than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.171%. The two prices were read 58 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 | Injective VET/USDC PERP | 0.009180 | −0.0470 | get 0.0059% / 1h | 8m 14s | $7 | $152K | 12x |
| Short | Bybit VETUSDT | 0.009214 | 0.0100 | get 0.0100% / 8h | 1h 08m | $6.1M | $3.9M | 75x |
Injective VET/USDC PERP
Bybit VETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $119.69
- Price spread: +0.370% → +0.171%
- $19.89
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $128.56
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 3.24 bp | 37.1 bp −$37 | 55.1 bp −$551 | 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.
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 | −0.0873% | 1h | 0.009232 | +0.563% | $126K | $107K | 10x | as long as short |
| Injective VET/USDC PERPlong | −0.0470% | 1h | 0.009180 | long leg | $7 | $152K | 12x | |
| gTrade (Gains Network) VET/USD | L −0.0001% / S +0.0006% | 1h | 0.009240 | +0.654% | $4K | — | 150x | as long as short |
| Binance VETUSDT | +0.0100% | 8h | 0.009227 | +0.512% | $6.5M | $15.0M | 75x | as long as short |
| Bybit VETUSDTshort | +0.0100% | 8h | 0.009214 | +0.370% | $6.1M | $3.9M | 75x | |
| Gate VET_USDT | +0.0100% | 8h | 0.009215 | +0.381% | $512K | $216K | 25x | as long as short |
| MEXC VET_USDT | +0.0100% | 8h | 0.009227 | +0.512% | $8.1M | $1.3M | 125x | as long as short |
| KuCoin VETUSDTM | +0.0100% | 8h | 0.009227 | +0.512% | $5.4M | $3.9M | 50x | as long as short |
| Bitget VETUSDT | +0.0100% | 8h | 0.009228 | +0.523% | $5.0M | $1.9M | 50x | as long as short |
| BingX VET-USDT | +0.0100% | 8h | 0.009219 | +0.425% | — | $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 | 0.009249 | +0.749% | $28K | $660 | — | as long as short |
| BloFin VET-USDT | +0.0220% | 8h | 0.009230 | +0.545% | $402K | $523K | 75x | as long as short |
Variational Omni VET
BloFin VET-USDT