Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.153%
Price spread now: Injective against Bybit+0.228%68s7-day average −0.630% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.480%−$48 on $10k
+Price spread, last 3 days (all we have)−0.246%−$25 · spread now +0.228%, 7d avg −0.630%
=The price spread pays, funding is against you. Injective is 0.858% dearer against Bybit than usual: you sell high and buy low (spread +0.228% now, against its 7-day average of −0.630%): +$86 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 days. At the pace of the last 7 days (−0.480% in total) that is about 13 days. The two prices were read 68 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 | Bybit OKBUSDT | 122.90 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $2.5M | $1.0M | 25x |
| Short | Injective OKB/USDC PERP | 123.18 | 0.0033 | get 0.0004% / 1h | 58m 19s | $25 | $304K | 5.5x |
Bybit OKBUSDT
Injective OKB/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: +0.228% → −0.630%
- $85.78
- 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
- $60.76
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 3.25 bp | 37.5 bp −$38 | doesn't fit | 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.
OKB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OKBUSDT | −0.6406% | 1h | 121.54 | −1.108% | $49K | $27K | 5x | as long as short |
| Injective OKB/USDC PERPshort | +0.0033% | 1h | 123.18 | +0.228% | $25 | $304K | 5.5x | |
| BingX OKB-USDT | +0.0036% | 4h | 122.93 | +0.024% | — | $2.8M | — | as long as short |
| Bybit OKBUSDTlong | +0.0100% | 4h | 122.90 | long leg | $2.5M | $1.0M | 25x | |
| OKX OKB-USDT-SWAP | +0.0100% | 4h | 122.82 | −0.065% | $30.2M | $45.0M | 20x | as long as short |
| Gate OKB_USDT | +0.0100% | 8h | 122.89 | −0.008% | $1.5M | $625K | 25x | as long as short |
| MEXC OKB_USDT | +0.0100% | 4h | 122.90 | 0.000% | $1.1M | $433K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 123.06 | +0.129% | $54K | $38K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 123.30 | +0.325% | $67K | $304K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0270% / S −0.0266% | 1h | 122.83 | −0.061% | $3K | — | 100x | as long as short |
Aster OKBUSDT
BingX OKB-USDT
OKX OKB-USDT-SWAP
Gate OKB_USDT
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]