Funding you earn now, next payment 05:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: Extended against Injective−2.515%60s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Extended is 2.515% cheaper against Injective than usual: you would sell low and buy high (spread −2.515% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$251 on $10k: about 4 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.011% in total) that is about years. The two prices were read 60 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 S/USDC PERP | 0.04100 | 0.0033 | pay 0.0004% / 1h | 50m 05s | $2K | $37K | 12x |
| Short | Extended S-USD | 0.03997 | 0.0104 | get 0.0013% / 1h | 50m 05s | $225K | $1.1M | 10x |
Injective S/USDC PERP
Extended S-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $14.84
- Price spread: −2.515% → 0.000%
- −$251.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$241.64
- Costs to cover
- 0.050%
- Break-even
- 121.0 days
Slippage unknown: Injective: no order-book sample; Extended: live order book, 3 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 Extended live order book, 3 min ago | 3.75 bp | 38.6 bp −$39 | 271.4 bp −$2,714 | doesn't fit | doesn't fit |
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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.2230% | 1h | 0.03995 | −2.549% | $33K | $13K | 10x | as long as short |
| 01 Exchange SUSD | −0.1480% | 1h | 0.03970 | −3.171% | $25K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1344% | 1h | 0.03928 | −4.195% | $47K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04001 | −2.415% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04001 | −2.424% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0028% | 4h | 0.03997 | −2.517% | $620K | $30K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04001 | −2.414% | $617 | — | 150x | as long as short |
| Injective S/USDC PERPlong | +0.0033% | 1h | 0.04100 | long leg | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0076% | 4h | 0.04000 | −2.439% | $99K | $269K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04004 | −2.341% | $168K | $156K | 5x | as long as short |
Kraken Futures PF_SUSD
01 Exchange SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04001 | −2.412% | $1.0M | $595K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04006 | −2.289% | $49K | $140K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04001 | −2.415% | $5.6M | $14.0M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03994 | −2.585% | $5.7M | $4.6M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03999 | −2.463% | $1.0M | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03998 | −2.488% | $326K | $189K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04000 | −2.439% | $3.7M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03999 | −2.463% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04001 | −2.415% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03999 | −2.463% | — | $6.8M | — | as long as short |
| Extended S-USDshort | +0.0104% | 1h | 0.03997 | −2.515% | $225K | $1.1M | 10x | |
| ApeX Omni SUSDT | +0.0287% | 1h | 0.04000 | −2.439% | $24K | $461K | 50x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03998 | −2.488% | $268K | $103K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.1001% | 1h | 0.04003 | −2.366% | $67K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.2112% | 1h | 0.04010 | −2.195% | $117K | $424K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP