Funding you earn now, next payment 03:00 UTC−0.5081%/8h= −556.4% APRpaid last 24h −1.418%
Price spread now: Injective against Gate−1.590%54s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$152 a day on $10k at the current rate, and Injective is 1.590% cheaper against Gate than usual: you would sell low and buy high (−$159 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | Gate USUAL_USDT | 0.01384 | 0.0100 | pay 0.0100% / 8h | 5h 36m | $935K | $102K | 50x |
| Short | Injective USUAL/USDC PERP | 0.01362 | −0.4981 | pay 0.0623% / 1h | 36m 25s | $6K | $2K | 5.5x |
Gate USUAL_USDT
Injective USUAL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- −$1,066.98
- Price spread: −1.590% → 0.000%
- −$158.96
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,240.96
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 25 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 Gate live order book, 25 min ago | 3.61 bp | 90.1 bp −$90 | 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.
USUAL on 11 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 USUAL/USDC PERPshort | −0.4981% | 1h | 0.01362 | −1.590% | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0752% | 1h | 0.01381 | −0.235% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01383 | −0.072% | $396K | $178K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01383 | −0.058% | $2.2M | $3.2M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01383 | −0.079% | $1.0M | $743K | 25x | as long as short |
| Gate USUAL_USDTlong | +0.0100% | 8h | 0.01384 | long leg | $935K | $102K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01382 | −0.145% | $6.0M | $228K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01382 | −0.145% | $272K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01384 | 0.000% | $827K | $375K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01383 | −0.072% | — | $1.2M | — | as long as short |
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01383 | −0.070% | $10K | $208 | — | as long as short |
Variational Omni USUAL