Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.018%
Price spread now: BingX against Injective+0.737%87s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.737% dearer against Injective than usual: you sell high and buy low: +$74 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 87 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 PI/USDC PERP | 0.09090 | 0.0033 | pay 0.0004% / 1h | 31m 59s | $1 | $75K | 5.5x |
| Short | BingX PI-USDT | 0.09157 | 0.0100 | get 0.0050% / 4h | 1h 31m | — | $6.6M | — |
Injective PI/USDC PERP
BingX PI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $14
- Price spread: +0.737% → 0.000%
- $73.71
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $77.69
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 5 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 BingX live order book, 5 min ago | 3.82 bp | 22.0 bp −$22 | 70.3 bp −$703 | 253.9 bp −$25.4K | 566.6 bp −$283.3K |
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.
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDT | −0.0180% | 4h | 0.09140 | +0.550% | $5.0M | $2.1M | 50x | as long as short |
| Injective PI/USDC PERPlong | +0.0033% | 1h | 0.09090 | long leg | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09157 | +0.737% | $2.6M | $7.2M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09150 | +0.660% | $2.7M | $2.5M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09153 | +0.693% | $9.9M | $1.5M | 125x | as long as short |
| BingX PI-USDTshort | +0.0100% | 4h | 0.09157 | +0.737% | — | $6.6M | — |
Bitget PIUSDT
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT