Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Phemex against Injective+2.680%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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. Phemex is 2.680% dearer against Injective than usual: you sell high and buy low (spread +2.680% now, against zero (this spread has no 7-day history yet)): +$268 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months. The two prices were read 65 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 | Injective ANET/USDC PERP | 199.61 | 0.0033 | pay 0.0004% / 1h | 9m 44s | $2K | $32K | 12x |
| Short | Phemex ANETUSDT | 204.96 | 0 | get 0.0000% / 8h | 9m 44s | $23K | $33K | 10x |
Injective ANET/USDC PERP
Phemex ANETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$7
- Price spread: +2.680% → 0.000%
- $268.02
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $249
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phemex: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex no order-book sample | — | — | — | — | — |
Injective and Phemex: 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.
ANET on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ANETUSDT | 0.0000% | 8h | 204.92 | +2.660% | $129K | $409K | 20x | as long as short |
| Gate ANET_USDT | 0.0000% | 8h | 205.14 | +2.770% | $168K | $7K | 20x | as long as short |
| Bitget ANETUSDT | 0.0000% | 8h | 204.37 | +2.385% | $81K | $110K | 20x | as long as short |
| Phemex ANETUSDTshort | 0.0000% | 8h | 204.96 | +2.680% | $23K | $33K | 10x | |
| Bybit ANETUSDT | +0.0030% | 8h | 204.72 | +2.560% | $77K | $213K | 25x | as long as short |
| Injective ANET/USDC PERPlong | +0.0033% | 1h | 199.61 | long leg | $2K | $32K | 12x | |
| HTX ANET-USDT | +0.0100% | 8h | 205.35 | +2.876% | $3K | $40K | 20x | as long as short |
Binance ANETUSDT
Gate ANET_USDT
Bitget ANETUSDT
Bybit ANETUSDT
HTX ANET-USDT