Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.063%
Price spread now: Bitget against Injective+1.404%111s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 1.404% dearer against Injective than usual: you sell high and buy low: +$140 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective US500/USDC PERP | 7,658 | −0.0220 | get 0.0028% / 1h | 5m 31s | $7K | $97 | 52x |
| Short | Bitget SP500USDT | 7,765.5 | 0 | get 0.0000% / 8h | 5h 05m | $7.2M | $419K | 50x |
Injective US500/USDC PERP
Bitget SP500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $46.2
- Price spread: +1.404% → 0.000%
- $140.38
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $174.56
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago | 4.90 bp | 11.8 bp −$12 | 11.8 bp −$118 | 19.3 bp −$1,930 | 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.
SP500 on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERPlong | −0.0220% | 1h | 7,658 | long leg | $7K | $97 | 52x | |
| QFEX US500-USD | −0.0051% | 1h | 7,775.4 | +1.533% | $9.9M | $3.4M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,772.1 | +1.490% | $129K | $241K | 20x | as long as short |
| Bitget SP500USDTshort | 0.0000% | 8h | 7,765.5 | +1.404% | $7.2M | $419K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,749.1 | +1.190% | $17.6M | $6.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,774.3 | +1.519% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,773.1 | +1.503% | $2.2M | $29.3M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,775.4 | +1.532% | $3.3M | $10.0M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,746 | +1.149% | $1.4M | $8.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,840.8 | +2.386% | — | $4.3M | 50x | as long as short |
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,777.1 | +1.555% | $625K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,773.3 | +1.505% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,774.3 | +1.519% | $434.2M | $240.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,772.2 | +1.491% | $9.2M | $5.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,774.7 | +1.524% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,774.1 | +1.516% | $9.5M | $8.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,773.6 | +1.509% | $259K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0303% | 1h | 7,771.2 | +1.479% | $447 | $28K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD