Funding you earn now, next payment 01:00 UTC+0.5096%/8h= +558.0% APRpaid last 24h +1.419%
Price spread now: Gate against Injective+1.399%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
Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and Gate is 1.399% dearer against Injective than usual: you sell high and buy low: +$140 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USUAL/USDC PERP | 0.01358 | −0.4996 | get 0.0625% / 1h | 8m 31s | $6K | $2K | 5.5x |
| Short | Gate USUAL_USDT | 0.01377 | 0.0100 | get 0.0100% / 8h | 7h 08m | $931K | $212K | 50x |
Injective USUAL/USDC PERP
Gate USUAL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $1,070.2
- Price spread: +1.399% → 0.000%
- $139.91
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $1,195.09
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 63 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 Gate live order book, 63 min ago | 7.27 bp | 135.9 bp −$136 | doesn't fit | 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.
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 PERPlong | −0.4996% | 1h | 0.01358 | long leg | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0641% | 1h | 0.01376 | +1.331% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01376 | +1.325% | $395K | $183K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01375 | +1.289% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01377 | +1.384% | $1.0M | $794K | 25x | as long as short |
| Gate USUAL_USDTshort | +0.0100% | 8h | 0.01377 | +1.399% | $931K | $212K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01375 | +1.267% | $6.0M | $246K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01376 | +1.325% | $271K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01377 | +1.399% | $826K | $418K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01376 | +1.340% | — | $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 | 0.01376 | +1.338% | $9K | $208 | — | as long as short |
Variational Omni USUAL