Spread before costs (cost unknown: a leg has no order-book sample)−3.815%
7d average—if it closes, per $10,000$381funding while held, a day+$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective W/USDC PERP | 0.01209 | 0.0033 | pay 0.0004% / 1h | 55m 54s | $1K | $10K | 12x |
| Short | Binance WUSDT | 0.01163 | 0.0100 | get 0.0050% / 4h | 55m 54s | $2.9M | $8.1M | 50x |
Injective W/USDC PERP
Binance WUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$381.5
- Funding while held
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$389.52
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: no order-book sample; Binance: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0067%
- Per $10,000 a day
- +$2.00
- Average in range /8h
- —
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 Binance live order book, 15 min ago | 1.28 bp | 21.9 bp −$22 | 73.6 bp −$736 | 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.
W price on every exchange
against the cheapest. Click to use as the short leg.Gate0.01160cheapestBybit0.01162+0.138%OKX0.01162+0.172%BingX0.01162+0.216%Extended0.01163+0.239%
Gate
Bybit
OKX
BingX
ExtendedBinance0.01163+0.248%
MEXC0.01163+0.259%KuCoin0.01163+0.259%Deribit0.01163+0.302%Hyperliquid0.01164+0.345%Bitget0.01164+0.345%Backpack0.01164+0.353%Variational Omni0.01166+0.485%Kraken Futures0.01166+0.495%Coinbase International0.01178+1.534%
MEXC
KuCoin
Deribit
Hyperliquid
Bitget
Backpack
Variational Omni
Kraken Futures
Coinbase InternationalInjective0.01209+4.224%
W on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate W_USDT | −4.053% | +0.0100% | 4h | $439K | $320K | 75x | as long as short |
| Bybit WUSDT | −3.921% | +0.0100% | 4h | $4.1M | $2.2M | 50x | as long as short |
| OKX W-USDT-SWAP | −3.888% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| BingX W-USDT | −3.846% | +0.0100% | 4h | — | $6.9M | — | as long as short |
| Extended W-USD | −3.824% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| Binance WUSDTshort | −3.815% | +0.0100% | 4h | $2.9M | $8.1M | 50x | |
| MEXC W_USDT | −3.805% | +0.0100% | 4h | $12.9M | $1.6M | 50x | as long as short |
| KuCoin WUSDTM | −3.805% | +0.0100% | 4h | $410K | $244K | 50x | as long as short |
| Deribit W_USDC-PERPETUAL | −3.763% | 0.0000% | 1h | $18K | $351 | 10x | as long as short |
| Hyperliquid W | −3.722% | +0.0100% | 1h | $2.0M | $555K | 5x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget WUSDT | −3.722% | +0.0100% | 4h | $1.2M | $580K | 50x | as long as short |
| Backpack W_USDC_PERP | −3.714% | −0.0216% | 1h | $39K | $47K | 15x | as long as short |
| Variational Omni W | −3.587% | +0.0100% | 4h | $71K | $42K | — | as long as short |
| Kraken Futures PF_WUSD | −3.578% | +0.1082% | 1h | $144K | $189K | 20x | as long as short |
| Coinbase International W-PERP-INTX | −2.581% | +0.0120% | 1h | $14K | $20K | 50x | as long as short |
| Injective W/USDC PERPlong | 0.000% | +0.0033% | 1h | $1K | $10K | 12x |