Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bybit+0.157%78s7-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 0.157% dearer against Bybit than usual: you sell high and buy low (spread +0.157% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.9 days. The two prices were read 78 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 | Bybit SUSHIUSDT | 0.2541 | 0.0100 | pay 0.0100% / 8h | 4h 18m | $2.5M | $2.6M | 75x |
| Short | Injective SUSHI/USDC PERP | 0.2545 | 0.0033 | get 0.0004% / 1h | 18m 02s | $16 | $18K | 5.5x |
Bybit SUSHIUSDT
Injective SUSHI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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: +0.157% → 0.000%
- $15.74
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$9.28
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 5.89 bp | 32.9 bp −$33 | 165.7 bp −$1,657 | 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.
SUSHI on 15 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 SUSHIUSDT | −0.0101% | 8h | 0.2545 | +0.157% | $1.0M | $727K | 50x | as long as short |
| Variational Omni SUSHI | +0.0020% | 8h | 0.2542 | +0.021% | $41K | $13K | — | as long as short |
| Injective SUSHI/USDC PERPshort | +0.0033% | 1h | 0.2545 | +0.157% | $16 | $18K | 5.5x | |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2545 | +0.173% | $356K | $338K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2547 | +0.227% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2544 | +0.118% | $3.9M | $9.2M | 75x | as long as short |
| Bybit SUSHIUSDTlong | +0.0100% | 8h | 0.2541 | long leg | $2.5M | $2.6M | 75x | |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2546 | +0.197% | $1.6M | $3.3M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2545 | +0.157% | $565K | $236K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2544 | +0.118% | $1.2M | $268K | 75x | as long as short |
Bitget SUSHIUSDT
Variational Omni SUSHI
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2546 | +0.197% | $1.2M | $234K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2544 | +0.118% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2545 | +0.157% | $85K | $74K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0129% | 8h | 0.2544 | +0.118% | $213K | $38K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0361% | 1h | 0.2547 | +0.248% | $767K | $61K | 20x | as long as short |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT
Kraken Futures PF_SUSHIUSD