Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bybit−8.857%7-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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 8.857% cheaper against Bybit than usual: you would sell low and buy high (−$886 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEWUSDT | 0.0004629 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $1.4M | $1.2M | 25x |
| Short | Injective MEW/USDC PERP | 0.0004219 | 0.0033 | get 0.0004% / 1h | 5m 03s | $46 | $14K | 5.5x |
Bybit MEWUSDT
Injective MEW/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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: −8.857% → 0.000%
- −$885.72
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$910.74
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: 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 Bybit live order book, 1 min ago | 6.47 bp | 25.7 bp −$26 | 66.8 bp −$668 | 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.
MEW on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEW/USD [WBTC.b-USDC] | L 0.0000% / S 0.0000% | 1h | 0.0004620 | −0.194% | — | — | 100x | as long as short |
| Injective MEW/USDC PERPshort | +0.0033% | 1h | 0.0004219 | −8.857% | $46 | $14K | 5.5x | |
| Binance MEWUSDT | +0.0100% | 4h | 0.0004634 | +0.108% | $1.2M | $2.9M | 50x | as long as short |
| Bybit MEWUSDTlong | +0.0100% | 4h | 0.0004629 | long leg | $1.4M | $1.2M | 25x | |
| OKX MEW-USDT-SWAP | +0.0100% | 4h | 0.0004633 | +0.086% | $523K | $764K | 20x | as long as short |
| Gate MEW_USDT | +0.0100% | 4h | 0.0004627 | −0.043% | $135K | $121K | 50x | as long as short |
| MEXC MEW_USDT | +0.0100% | 4h | 0.0004630 | +0.022% | $382K | $177K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.0100% | 4h | 0.0004634 | +0.108% | $344K | $118K | 30x | as long as short |
| Bitget MEWUSDT | +0.0100% | 4h | 0.0004634 | +0.108% | $494K | $370K | 50x | as long as short |
| BingX MEW-USDT | +0.0100% | 4h | 0.0004634 | +0.108% | — | $24.2M | — | as long as short |
GMX MEW/USD [WBTC.b-USDC]
Binance MEWUSDT
OKX MEW-USDT-SWAP
Gate MEW_USDT
MEXC MEW_USDT
KuCoin MEWUSDTM
Bitget MEWUSDT
BingX MEW-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MEW | +0.0100% | 4h | 0.0004637 | +0.175% | $82K | $32K | — | as long as short |
| Kraken Futures PF_MEWUSD | +0.1051% | 1h | 0.0004631 | +0.034% | $92K | $110K | 10x | as long as short |
Variational Omni MEW
Kraken Futures PF_MEWUSD