Funding you earn now, next payment 03:00 UTC−0.0490%/8h= −53.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.181%
Price spread now: Injective against tradeXYZ−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.968%−$97 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 0.025% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.93 | 0.0050 | pay 0.0006% / 1h | 21m 23s | $15.6M | $13.4M | 10x |
| Short | Injective COIN/USDC PERP | 197.88 | −0.0440 | pay 0.0055% / 1h | 21m 23s | $44K | $48K | 30x |
tradeXYZ xyz:COIN
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against tradeXYZ. 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
- −$102.9
- Price spread: −0.025% → 0.000%
- −$2.53
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$123.45
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.25 bp | 11.1 bp −$11 | 12.5 bp −$125 | 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.
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0723% | 8h | 198.08 | +0.076% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERPshort | −0.0440% | 1h | 197.88 | −0.025% | $44K | $48K | 30x | |
| Gate COIN_USDT | −0.0201% | 8h | 198.10 | +0.086% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0091% | 1h | 197.58 | −0.177% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.17 | +0.122% | $350K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.93 | 0.000% | $117K | $696K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.98 | +0.025% | $15.0M | $78.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.07 | +0.071% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.04 | +0.056% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.67 | −0.129% | $685K | $1.0M | — | as long as short |
Bitget COINUSDT
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.91 | −0.010% | $19K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 198.12 | +0.096% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.08 | +0.076% | $358K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.07 | +0.071% | $455K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.01 | +0.040% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.93 | long leg | $15.6M | $13.4M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.03 | +0.051% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.02 | +0.045% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.55 | −0.192% | $352K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.89 | −0.020% | $996K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.80 | −0.066% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.95 | +0.010% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.93 | +0.002% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.96 | +0.015% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.80 | −0.066% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0293% | 4h | 197.72 | −0.106% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC