W

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0544%/8h= −59.6% APRnext payment −$0.68 per $10,000 · paid last 24h −0.110%

Price spread now: Deribit against Injective−2.233%7-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 Deribit

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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 2.233% cheaper against Injective than usual: you would sell low and buy high (−$223 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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	54m 57s	$1K	$1K	12x
Short	Deribit W_USDC-PERPETUAL	0.01182	−0.0511	pay 0.0064% / 1h	54m 57s	$14K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 DeribitbpOrdersPrice spread, now −2.233%Rate

Funding earned: −$114.28
Price spread: −2.233% → 0.000%: −$223.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$344.62
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Deribit: 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 Deribit no order-book sample	—	—	—	—	—

Injective and Deribit: 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-PERPETUALshort	−0.0511%	1h	0.01182	−2.233%	$14K	$4K	10x
Injective W/USDC PERPlong	+0.0033%	1h	0.01209	long leg	$1K	$1K	12x
Hyperliquid W	+0.0100%	1h	0.01182	−2.233%	$2.0M	$266K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01182	−2.271%	$3.0M	$4.9M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01180	−2.374%	$4.1M	$1.5M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01181	−2.324%	$1.3M	$1.4M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01180	−2.399%	$431K	$185K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01181	−2.283%	$12.3M	$1.3M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01185	−1.985%	$389K	$186K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01185	−1.985%	$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	0.01182	−2.225%	—	$6.6M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01185	−1.988%	$71K	$20K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01189	−1.654%	$127K	$364K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01181	−2.300%	$62K	$387K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0496%	1h	0.01190	−1.547%	$13K	$12K	50x	as long as short
Backpack W_USDC_PERP	+0.1060%	1h	0.01182	−2.200%	$45K	$49K	15x	as long as short
Kraken Futures PF_WUSD	+0.1121%	1h	0.01184	−2.088%	$147K	$47K	20x	as long as short