Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.037%
Price spread now: Injective against OKX+5.128%98s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.144%+$14 on $10k
+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 5.128% dearer against OKX than usual: you sell high and buy low (spread +5.128% now, against zero (this spread has no 7-day history yet)): +$513 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9 months. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you. The two prices were read 98 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 | OKX S-USDT-SWAP | 0.03900 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $975K | $5.5M | 20x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 17m 42s | $2K | $37K | 12x |
OKX S-USDT-SWAP
Injective S/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
- −$14
- Price spread: +5.128% → 0.000%
- $512.82
- 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
- $488.8
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 5 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, 5 min ago | 1.28 bp | 21.6 bp −$22 | 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.
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 | −0.1602% | 1h | 0.03901 | +0.021% | $33K | $26K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −1.897% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0870% | 4h | 0.03900 | 0.000% | $607K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0197% / S +0.0190% | 1h | 0.03906 | +0.159% | $1K | — | 100x | as long as short |
| 01 Exchange SUSD | −0.0160% | 1h | 0.03840 | −1.538% | $23K | $2K | 5x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03903 | +0.064% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03907 | +0.170% | $602 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0029% | 4h | 0.03904 | +0.103% | $99K | $344K | 10x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | +5.128% | $2K | $37K | 12x | |
| Lighter S | +0.0096% | 1h | 0.03906 | +0.154% | $164K | $223K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
01 Exchange SUSD
Reya SRUSDPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0100% | 4h | 0.03905 | +0.116% | $43K | $212K | 10x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03902 | +0.046% | $979K | $716K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03901 | +0.026% | $5.3M | $18.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03894 | −0.154% | $5.6M | $5.5M | 50x | as long as short |
| OKX S-USDT-SWAPlong | +0.0100% | 4h | 0.03900 | long leg | $975K | $5.5M | 20x | |
| Gate S_USDT | +0.0100% | 4h | 0.03903 | +0.077% | $319K | $265K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03901 | +0.026% | $3.5M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03900 | 0.000% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03906 | +0.154% | $1.2M | $2.6M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03901 | +0.026% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | +0.256% | $25K | $460K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03899 | −0.020% | $219K | $877K | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0262% | 1h | 0.03908 | +0.205% | $66K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03906 | +0.154% | $267K | $126K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0471% | 1h | 0.03910 | +0.256% | $114K | $300K | 5x | as long as short |
Aster SUSDT
Hyperliquid S
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
BloFin S-USDT
Backpack S_USDC_PERP