Funding you earn now, next payment 11:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.038%
Price spread now: Extended against Injective−2.900%60s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Extended is 2.900% cheaper against Injective than usual: you would sell low and buy high (spread −2.900% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$290 on $10k: about 5 months of funding at the current rate (+$2 a day). The two prices were read 60 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 | 28m 12s | $1K | $1K | 12x |
| Short | Extended W-USD | 0.01174 | 0.0104 | get 0.0013% / 1h | 28m 12s | $59K | $397K | 5x |
Injective W/USDC PERP
Extended W-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $14.84
- Price spread: −2.900% → 0.000%
- −$289.98
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$280.16
- Costs to cover
- 0.050%
- Break-even
- 139.1 days
Slippage unknown: Injective: no order-book sample; Extended: live order book, 17 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 Extended live order book, 17 min ago | 2.12 bp | 31.7 bp −$32 | 279.5 bp −$2,795 | 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.
W on 17 exchanges
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 | −0.0346% | 1h | 0.01174 | −2.862% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERPlong | +0.0033% | 1h | 0.01209 | long leg | $1K | $1K | 12x | |
| OKX W-USDT-SWAP | +0.0080% | 4h | 0.01172 | −3.027% | $1.3M | $1.3M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01176 | −2.730% | $2.0M | $257K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01174 | −2.862% | $3.0M | $4.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01172 | −3.052% | $4.1M | $1.5M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01173 | −2.945% | $433K | $171K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01174 | −2.878% | $12.2M | $1.2M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01175 | −2.812% | $383K | $177K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01174 | −2.895% | $1.3M | $540K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01173 | −2.961% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01172 | −3.091% | $69K | $20K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01174 | −2.895% | $126K | $375K | 10x | as long as short |
| Extended W-USDshort | +0.0104% | 1h | 0.01174 | −2.900% | $59K | $397K | 5x | |
| Backpack W_USDC_PERP | +0.0210% | 1h | 0.01176 | −2.763% | $42K | $48K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0640% | 1h | 0.01190 | −1.547% | $13K | $11K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0885% | 1h | 0.01176 | −2.710% | $146K | $48K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD