Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.036%
Price spread now: Injective against BingX+1.922%72s7-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
The price spread pays, funding is against you. Injective is 1.922% dearer against BingX than usual: you sell high and buy low (spread +1.922% now, against zero (this spread has no 7-day history yet)): +$192 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 72 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 | BingX W-USDT | 0.01186 | 0.0100 | pay 0.0050% / 4h | 2h 11m | — | $6.7M | — |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 11m 59s | $1K | $1K | 12x |
BingX W-USDT
Injective W/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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: +1.922% → 0.000%
- $192.21
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $168.19
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago | 4.28 bp | 19.4 bp −$19 | 65.0 bp −$650 | 639.9 bp −$64.0K | 1068.9 bp −$534.5K |
| 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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | +0.0003% | 1h | 0.01187 | +0.101% | $15K | $3K | 10x | as long as short |
| Injective W/USDC PERPshort | +0.0033% | 1h | 0.01209 | +1.922% | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01188 | +0.152% | $2.0M | $287K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01187 | +0.066% | $3.0M | $5.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.135% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01186 | +0.017% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01185 | −0.101% | $429K | $248K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01187 | +0.051% | $12.4M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01186 | −0.017% | $398K | $193K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | +0.236% | $1.3M | $582K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01186 | long leg | — | $6.7M | — | |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01189 | +0.228% | $44K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01177 | −0.762% | $72K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01179 | −0.584% | $128K | $372K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01187 | +0.040% | $60K | $146K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01188 | +0.135% | $14K | $14K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1718% | 1h | 0.01189 | +0.255% | $148K | $189K | 20x | as long as short |
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD