W

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0463%/8h= +50.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.081%

Price spread now: Coinbase International against Injective−1.547%64s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Coinbase International is 1.547% cheaper against Injective than usual: you would sell low and buy high (spread −1.547% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$155 on $10k: about 11 days of funding at the current rate (+$14 a day). The two prices were read 64 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 W/USDC PERP	0.01209	0.0033	pay 0.0004% / 1h	58m 17s	$1K	$1K	12x
Short	Coinbase International W-PERP-INTX	0.01190	0.0496	get 0.0062% / 1h	58m 17s	$13K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −1.547%Rate

Funding earned: $97.16
Price spread: −1.547% → 0.000%: −$154.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.53
Costs to cover: 0.100%
Break-even: 11.9 days

Slippage unknown: Injective: no order-book sample; Coinbase International: 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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Injective and Coinbase International: 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	−0.0171%	1h	0.01187	−1.803%	$14K	$4K	10x	as long as short
Injective W/USDC PERPlong	+0.0033%	1h	0.01209	long leg	$1K	$1K	12x
Hyperliquid W	+0.0100%	1h	0.01187	−1.820%	$2.0M	$265K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01187	−1.822%	$3.0M	$4.9M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01185	−1.952%	$4.1M	$1.5M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01186	−1.911%	$1.3M	$1.4M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01186	−1.902%	$433K	$185K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01188	−1.754%	$12.4M	$1.3M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01186	−1.902%	$389K	$186K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01189	−1.654%	$1.3M	$551K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01187	−1.853%	—	$6.6M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01186	−1.929%	$71K	$20K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01188	−1.758%	$127K	$374K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01187	−1.815%	$62K	$387K	5x	as long as short
Coinbase International W-PERP-INTXshort	+0.0496%	1h	0.01190	−1.547%	$13K	$12K	50x
Kraken Futures PF_WUSD	+0.1118%	1h	0.01187	−1.810%	$148K	$47K	20x	as long as short
Backpack W_USDC_PERP	+0.1498%	1h	0.01190	−1.605%	$45K	$49K	15x	as long as short