Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.036%
Price spread now: Injective against Bitget+3.333%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
The price spread pays, funding is against you. Injective is 3.333% dearer against Bitget than usual: you sell high and buy low (spread +3.333% now, against zero (this spread has no 7-day history yet)): +$333 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WUSDT | 0.01170 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $1.2M | $573K | 50x |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 29m 09s | $1K | $1K | 12x |
Bitget WUSDT
Injective W/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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: +3.333% → 0.000%
- $333.33
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $307.31
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 8.55 bp | 27.2 bp −$27 | 116.3 bp −$1,163 | 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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0433% | 1h | 0.01170 | +0.017% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0005% | 4h | 0.01170 | 0.000% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERPshort | +0.0033% | 1h | 0.01209 | +3.333% | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01170 | 0.000% | $2.0M | $461K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01170 | 0.000% | $2.9M | $7.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01168 | −0.162% | $4.1M | $2.1M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01168 | −0.137% | $443K | $301K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01170 | +0.026% | $12.8M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01168 | −0.171% | $414K | $217K | 50x | as long as short |
| Bitget WUSDTlong | +0.0100% | 4h | 0.01170 | long leg | $1.2M | $573K | 50x |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01169 | −0.068% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01171 | +0.094% | $43K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01167 | −0.227% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01169 | −0.046% | $122K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01170 | −0.022% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01172 | +0.145% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0620% | 1h | 0.01173 | +0.270% | $145K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD