Funding you earn now, next payment 00:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.016%
Price spread now: Injective against Binance−13.140%87s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 13.140% cheaper against Binance than usual: you would sell low and buy high (−$1,314 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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 | Binance IBMUSDT | 231.46 | 0.0095 | pay 0.0095% / 8h | 43m 48s | $3.9M | $5.8M | 20x |
| Short | Injective IBM/USDC PERP | 201.05 | 0.0033 | get 0.0004% / 1h | 43m 48s | — | $57 | 12x |
Binance IBMUSDT
Injective IBM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- −$13.03
- Price spread: −13.140% → 0.000%
- −$1,314
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,337.05
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago | 0.22 bp | 11.2 bp −$11 | 28.5 bp −$285 | 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.
IBM on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IBMUSDT | 0.0000% | 8h | 231.43 | −0.017% | $13K | $126K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.37 | −0.041% | $976K | $376K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.50 | +0.015% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.45 | −0.006% | $801K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.45 | −0.006% | $798K | $405K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.47 | +0.001% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.19 | −0.119% | $971 | $533K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.88 | +0.180% | $6K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0031% | 1h | 231.43 | −0.015% | $1.2M | $3.2M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.54 | +0.033% | $38K | $47K | 10x | as long as short |
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USD
Lighter IBMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective IBM/USDC PERPshort | +0.0033% | 1h | 201.05 | −13.140% | — | $57 | 12x | |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.50 | +0.015% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.31 | −0.067% | $2.0M | $808K | 10x | as long as short |
| BloFin IBM-USDT | +0.0064% | 8h | 231.57 | +0.046% | $46K | $52K | 20x | as long as short |
| Binance IBMUSDTlong | +0.0095% | 8h | 231.46 | long leg | $3.9M | $5.8M | 20x | |
| Extended IBM-USD | +0.0096% | 1h | 231.41 | −0.023% | $54K | $202K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.30 | −0.071% | $194K | $34K | 20x | as long as short |
| GRVT IBM_USDT_Perp | +0.0353% | 8h | 231.50 | +0.016% | $442 | $170K | 10x | as long as short |
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
BloFin IBM-USDT
Extended IBM-USD
KuCoin IBMUSDTM
GRVT IBM_USDT_Perp