Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Injective against tradeXYZ−13.326%54s7-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
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 13.326% cheaper against tradeXYZ than usual: you would sell low and buy high (−$1,333 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | tradeXYZ xyz:IBM | 231.96 | 0.0050 | pay 0.0006% / 1h | 24m 22s | $1.8M | $799K | 10x |
| Short | Injective IBM/USDC PERP | 201.05 | 0.0033 | get 0.0004% / 1h | 24m 22s | — | $57 | 12x |
tradeXYZ xyz:IBM
Injective IBM/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
- −$3.5
- Price spread: −13.326% → 0.000%
- −$1,332.56
- 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
- −$1,354.08
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 3 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, 3 min ago | 1.72 bp | 14.3 bp −$14 | 26.2 bp −$262 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0025% | 8h | 232.32 | +0.155% | $47K | $56K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.10 | +0.058% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.17 | +0.092% | $57K | $233K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.23 | +0.116% | $3.8M | $5.5M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.16 | +0.086% | $1.0M | $354K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.20 | +0.103% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.25 | +0.125% | $752K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.18 | +0.095% | $780K | $343K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.25 | +0.127% | $257K | $14K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.26 | +0.128% | $799 | $165K | 10x | as long as short |
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 232.07 | +0.047% | $717 | $475K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.53 | +0.246% | $6K | $33K | 20x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.29 | +0.142% | $38K | $49K | 10x | as long as short |
| Injective IBM/USDC PERPshort | +0.0033% | 1h | 201.05 | −13.326% | — | $57 | 12x | |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.07 | +0.047% | — | — | 25x | as long as short |
| QFEX IBM-USD | +0.0049% | 1h | 232.12 | +0.069% | $1.2M | $2.1M | 10x | as long as short |
| tradeXYZ xyz:IBMlong | +0.0050% | 1h | 231.96 | long leg | $1.8M | $799K | 10x | |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.20 | +0.103% | $195K | $46K | 20x | as long as short |
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
Vest IBM-USD-PERP
QFEX IBM-USD
KuCoin IBMUSDTM