Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.110%
Price spread now: Bybit against Injective−2.509%108s7-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
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 2.509% cheaper against Injective than usual: you would sell low and buy high (spread −2.509% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$251 on $10k: about 9 months of funding at the current rate (+$1 a day). The two prices were read 108 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 ALT/USDC PERP | 0.007691 | 0.0033 | pay 0.0004% / 1h | 53m 23s | $837 | $22 | 5.5x |
| Short | Bybit ALTUSDT | 0.007498 | 0.0064 | get 0.0032% / 4h | 3h 53m | $1.2M | $1.8M | 25x |
Injective ALT/USDC PERP
Bybit ALTUSDTFunding 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
- $6.38
- Price spread: −2.509% → 0.000%
- −$250.94
- 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
- −$255.59
- Costs to cover
- 0.110%
- Break-even
- 287.6 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 4.67 bp | 25.4 bp −$25 | 130.3 bp −$1,303 | 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.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ALT/USDC PERPlong | +0.0033% | 1h | 0.007691 | long leg | $837 | $22 | 5.5x | |
| Bybit ALTUSDTshort | +0.0064% | 4h | 0.007498 | −2.509% | $1.2M | $1.8M | 25x | |
| Hyperliquid ALT | +0.0100% | 1h | 0.007503 | −2.444% | $1.1M | $135K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007508 | −2.383% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007500 | −2.483% | $50K | $376K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007506 | −2.405% | $378K | $166K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007508 | −2.379% | $144K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007491 | −2.600% | $600K | $143K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007503 | −2.444% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007497 | −2.519% | $4K | $14K | — | as long as short |
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Variational Omni ALTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ALT-USDT | +0.0144% | 4h | 0.007512 | −2.327% | $124K | $8K | 50x | as long as short |
| Deribit ALT_USDC-PERPETUAL | +0.0150% | 1h | 0.007506 | −2.405% | — | $0 | 25x | as long as short |
| Kraken Futures PF_ALTUSD | +0.0382% | 1h | 0.007501 | −2.469% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0576% | 1h | 0.007524 | −2.171% | $13K | $2K | 50x | as long as short |
BloFin ALT-USDT
Deribit ALT_USDC-PERPETUAL
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX