Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.007%
Price spread now: tradeXYZ against Injective+15.394%114s7-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
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 15.394% dearer against Injective than usual: you sell high and buy low: +$1,539 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 114 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 IBM/USDC PERP | 201.05 | 0.0033 | pay 0.0004% / 1h | 7m 26s | — | $57 | 12x |
| Short | tradeXYZ xyz:IBM | 232.00 | 0.0050 | get 0.0006% / 1h | 7m 26s | $1.8M | $808K | 10x |
Injective IBM/USDC PERP
tradeXYZ xyz:IBMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.5
- Price spread: +15.394% → 0.000%
- $1,539.42
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $1,524.9
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 10 min ago. 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 tradeXYZ live order book, 10 min ago | 1.51 bp | 13.1 bp −$13 | doesn't fit | 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.
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 | 232.08 | +15.435% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.20 | +15.496% | $53K | $239K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.27 | +15.528% | $3.8M | $5.5M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.12 | +15.454% | $984K | $340K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.29 | +15.538% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.29 | +15.538% | $753K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.24 | +15.514% | $790K | $327K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.27 | +15.531% | $257K | $13K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.28 | +15.531% | $362 | $162K | 10x | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.06 | +15.424% | $928 | $473K | 10x | as long as short |
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IBM-USDT | 0.0000% | 8h | 232.42 | +15.603% | $6K | $33K | 20x | as long as short |
| BloFin IBM-USDT | +0.0007% | 8h | 232.14 | +15.464% | $46K | $52K | 20x | as long as short |
| QFEX IBM-USD | +0.0030% | 1h | 232.18 | +15.484% | $1.2M | $2.2M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.04 | +15.414% | $38K | $48K | 10x | as long as short |
| Injective IBM/USDC PERPlong | +0.0033% | 1h | 201.05 | long leg | — | $57 | 12x | |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.05 | +15.419% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBMshort | +0.0050% | 1h | 232.00 | +15.394% | $1.8M | $808K | 10x | |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.13 | +15.459% | $195K | $42K | 20x | as long as short |
HTX IBM-USDT
BloFin IBM-USDT
QFEX IBM-USD
Lighter IBM
Vest IBM-USD-PERP
KuCoin IBMUSDTM