Funding you earn now, next payment 07:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Bybit against Injective+0.094%78s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.279%−$28 on $10k
+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. Bybit is 0.094% dearer against Injective than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.279% in total) that is about 2.4 days. The two prices were read 78 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 EURUSD/USDC PERP | 1.1466 | 0.0033 | pay 0.0004% / 1h | 26m 02s | $9K | $78K | 101x |
| Short | Bybit EURUSDUSDT | 1.1477 | 0 | get 0.0000% / 8h | 1h 26m | $579K | $312K | 100x |
Injective EURUSD/USDC PERP
Bybit EURUSDUSDTFunding 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
- −$7
- Price spread: +0.094% → 0.000%
- $9.42
- 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
- −$8.6
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 9 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, 9 min ago | 4.00 bp | 16.5 bp −$17 | 38.0 bp −$380 | 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.
EUR on 18 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_EURUSD | −0.0228% | 1h | 1.1465 | −0.013% | $3K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0214% | 4h | 1.1467 | +0.005% | $6.8M | $135K | 100x | as long as short |
| Bybit EURUSDUSDTshort | 0.0000% | 8h | 1.1477 | +0.094% | $579K | $312K | 100x | |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | +0.084% | $144K | $6K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1476 | +0.084% | $261K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1461 | −0.047% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1473 | +0.058% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1468 | +0.014% | $12K | $269K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1463 | −0.032% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERPlong | +0.0033% | 1h | 1.1466 | long leg | $9K | $78K | 101x |
Kraken Futures PF_EURUSD
MEXC EUR_USDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1495 | +0.248% | — | $241K | 100x | as long as short |
| Nado EURUSD-PERP | +0.0092% | 1h | 1.1466 | −0.007% | $467K | $154K | 40x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1467 | +0.005% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1476 | +0.081% | $12K | — | 10x | as long as short |
| tradeXYZ xyz:EUR | +0.0253% | 1h | 1.1473 | +0.058% | $23.2M | $1.6M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0272% | 1h | 1.1474 | +0.066% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0328% | 1h | 1.1464 | −0.017% | $174K | $8.3M | 30x | as long as short |
| Lighter EURUSD | +0.0336% | 1h | 1.1479 | +0.111% | $2.2M | $408K | 50x | as long as short |
Vest EUR-USD-PERP
Nado EURUSD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P
Lighter EURUSD