Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.009%
Price spread now: Injective against OKX+3.325%108s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.193%+$119 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 3.325% dearer against OKX than usual: you sell high and buy low (spread +3.325% now, against zero (this spread has no 7-day history yet)): +$333 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. Mind the row above: over the last 7 days funding on this pair paid +1.193%, so the current rate has only just turned against you. 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 | OKX ETHFI-USDT-SWAP | 0.7007 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $5.1M | $12.7M | 20x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 57m 35s | $321 | $51K | 5.5x |
OKX ETHFI-USDT-SWAP
Injective ETHFI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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: +3.325% → 0.000%
- $332.52
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $308.5
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: 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 OKX live order book, 1 min ago | 1.42 bp | 13.9 bp −$14 | 41.2 bp −$412 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0462% | 1h | 0.7022 | +0.214% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0365% | 4h | 0.7016 | +0.128% | $81K | $171K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0271% | 4h | 0.7019 | +0.171% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0159% | 4h | 0.7023 | +0.231% | $931K | $782K | — | as long as short |
| Bybit ETHFIUSDT | −0.0082% | 4h | 0.7004 | −0.043% | $17.4M | $13.0M | 25x | as long as short |
| Binance ETHFIUSDT | −0.0041% | 4h | 0.6998 | −0.128% | $24.3M | $35.8M | 75x | as long as short |
| Extended ETHFI-USD | −0.0040% | 1h | 0.7000 | −0.097% | $97K | $504K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0038% | 4h | 0.7017 | +0.143% | $15.7M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0014% | 8h | 0.7012 | +0.069% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +3.325% | $321 | $51K | 5.5x |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.7015 | +0.117% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7018 | +0.157% | $1.1M | $829K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7025 | +0.261% | $17.0M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7012 | +0.064% | $179K | $261K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7007 | long leg | $5.1M | $12.7M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7009 | +0.029% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7020 | +0.186% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7007 | 0.000% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7004 | −0.043% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7035 | +0.401% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7032 | +0.357% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0203% | 4h | 0.7009 | +0.029% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7066 | +0.842% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1672% | 1h | 0.7038 | +0.441% | $290K | $288K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD