Funding you earn now, next payment 23:00 UTC+0.0632%/8h= +69.3% APRnext payment +$0.79 per $10,000 · paid last 24h +0.139%
Price spread now: Injective against Deribit+2.745%63s7-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 +$19 a day on $10k at the current rate, and Injective is 2.745% dearer against Deribit than usual: you sell high and buy low: +$274 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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 | Deribit W_USDC-PERPETUAL | 0.01177 | −0.0599 | get 0.0075% / 1h | 25m 55s | $17K | $1K | 10x |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 25m 55s | $1K | $1K | 12x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. 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
- $132.81
- Price spread: +2.745% → 0.000%
- $274.5
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $400.29
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Deribit and 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-PERPETUALlong | −0.0599% | 1h | 0.01177 | long leg | $17K | $1K | 10x | |
| OKX W-USDT-SWAP | −0.0078% | 4h | 0.01175 | −0.127% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERPshort | +0.0033% | 1h | 0.01209 | +2.745% | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01177 | +0.025% | $2.0M | $434K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | −0.051% | $2.9M | $7.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01174 | −0.204% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01175 | −0.127% | $443K | $293K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01176 | −0.068% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01177 | +0.025% | $478K | $246K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.110% | $1.3M | $580K | 50x | as long as short |
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | −0.144% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01174 | −0.255% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | −0.025% | $129K | $385K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01176 | −0.070% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01179 | +0.195% | $14K | $18K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0304% | 1h | 0.01178 | +0.085% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0397% | 1h | 0.01179 | +0.194% | $146K | $184K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD