Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.018%
Price spread now: Injective against OKX+0.642%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 0.642% dearer against OKX than usual: you sell high and buy low (spread +0.642% now, against zero (this spread has no 7-day history yet)): +$64 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 53 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PI-USDT-SWAP | 0.09032 | 0.0100 | pay 0.0050% / 4h | 25m 09s | $2.7M | $6.0M | 20x |
| Short | Injective PI/USDC PERP | 0.09090 | 0.0060 | get 0.0007% / 1h | 25m 09s | $1 | $75K | 5.5x |
OKX PI-USDT-SWAP
Injective PI/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
- −$8.43
- Price spread: +0.642% → 0.000%
- $64.22
- 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
- $45.76
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: 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 OKX live order book, 3 min ago | 0.55 bp | 13.9 bp −$14 | 93.6 bp −$936 | 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.
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 | −0.0392% | 4h | 0.09000 | −0.354% | $4.9M | $1.7M | 50x | as long as short |
| Injective PI/USDC PERPshort | +0.0060% | 1h | 0.09090 | +0.642% | $1 | $75K | 5.5x | |
| OKX PI-USDT-SWAPlong | +0.0100% | 4h | 0.09032 | long leg | $2.7M | $6.0M | 20x | |
| Gate PI_USDT | +0.0100% | 4h | 0.09040 | +0.089% | $2.7M | $2.1M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09038 | +0.066% | $9.3M | $1.3M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.09034 | +0.022% | — | $6.6M | — | as long as short |
Bitget PIUSDT
Gate PI_USDT
MEXC PI_USDT
BingX PI-USDT