Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.018%
Price spread now: Injective against MEXC−0.558%115s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.501%+$50 on $10k
+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 0.558% cheaper against MEXC than usual: you would sell low and buy high (−$56 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.501%, so the current rate has only just turned against you. The two prices were read 115 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 | MEXC PI_USDT | 0.09141 | 0.0100 | pay 0.0050% / 4h | 3h 25m | $10.0M | $1.5M | 125x |
| Short | Injective PI/USDC PERP | 0.09090 | 0.0033 | get 0.0004% / 1h | 25m 28s | $1 | $75K | 5.5x |
MEXC PI_USDT
Injective PI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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: −0.558% → 0.000%
- −$55.79
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$73.81
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 2.18 bp | 10.8 bp −$11 | 50.7 bp −$507 | 128.4 bp −$12.8K | 272.5 bp −$136.3K |
| 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERPshort | +0.0033% | 1h | 0.09090 | −0.558% | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09129 | −0.131% | $2.6M | $7.3M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09150 | +0.098% | $2.7M | $2.5M | 50x | as long as short |
| MEXC PI_USDTlong | +0.0100% | 4h | 0.09141 | long leg | $10.0M | $1.5M | 125x | |
| Bitget PIUSDT | +0.0100% | 4h | 0.09130 | −0.120% | $5.0M | $2.2M | 50x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.09137 | −0.044% | — | $6.6M | — | as long as short |
OKX PI-USDT-SWAP
Gate PI_USDT
Bitget PIUSDT
BingX PI-USDT