Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Gate+3.119%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.249%+$125 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. Injective is 3.119% dearer against Gate than usual: you sell high and buy low (spread +3.119% now, against zero (this spread has no 7-day history yet)): +$312 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +1.249%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETHFI_USDT | 0.7021 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $1.7M | $2.0M | 75x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 16m 57s | $321 | $51K | 5.5x |
Gate ETHFI_USDT
Injective ETHFI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- Price spread: +3.119% → 0.000%
- $311.92
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $282.9
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 1 min ago; Injective: 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 Gate live order book, 1 min ago | 4.99 bp | 37.6 bp −$38 | 218.2 bp −$2,182 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
ETHFI on 24 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_ETHFIUSD | −0.0407% | 1h | 0.7038 | +0.243% | $289K | $286K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0320% | 1h | 0.7018 | −0.043% | $40K | $10K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0315% | 4h | 0.7009 | −0.171% | $81K | $171K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0262% | 4h | 0.7015 | −0.085% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0241% | 4h | 0.7019 | −0.028% | $17.5M | $13.0M | 25x | as long as short |
| Variational Omni ETHFI | −0.0165% | 4h | 0.6939 | −1.164% | $902K | $767K | — | as long as short |
| Extended ETHFI-USD | −0.0024% | 1h | 0.7014 | −0.098% | $95K | $502K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0023% | 4h | 0.7017 | −0.057% | $24.4M | $35.7M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0022% | 4h | 0.7014 | −0.100% | $15.8M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0001% | 8h | 0.7018 | −0.037% | $6K | — | 5x | as long as short |
Kraken Futures PF_ETHFIUSD
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +3.119% | $321 | $51K | 5.5x | |
| Aster ETHFIUSDT | +0.0052% | 4h | 0.7024 | +0.041% | $180K | $260K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.7015 | −0.085% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7022 | +0.014% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7024 | +0.038% | $17.0M | $8.5M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7022 | +0.014% | $5.2M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7021 | long leg | $1.7M | $2.0M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7020 | −0.014% | $1.2M | $230K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7016 | −0.071% | $6.1M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7016 | −0.071% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7025 | +0.058% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7023 | +0.028% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0217% | 4h | 0.7018 | −0.043% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7024 | +0.043% | $32K | $6K | 50x | as long as short |
Aster ETHFIUSDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX