Funding you earn now, next payment 01:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.011%
Price spread now: Binance against Injective−2.620%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−0.027%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 2.620% cheaper against Injective than usual: you would sell low and buy high (spread −2.620% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$262 on $10k: about 42 days of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SPCX/USDC PERP | 157.25 | 0.0033 | pay 0.0004% / 1h | 5m 04s | $9K | $27K | 5.5x |
| Short | Binance SPCXUSDT | 153.13 | 0.0242 | get 0.0242% / 8h | 7h 05m | $252.8M | $1.38B | 75x |
Injective SPCX/USDC PERP
Binance SPCXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $43.89
- Price spread: −2.620% → 0.000%
- −$262
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$228.14
- Costs to cover
- 0.100%
- Break-even
- 43.4 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 9 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 Binance live order book, 9 min ago | 0.33 bp | 5.3 bp −$5 | 5.5 bp −$55 | 9.9 bp −$988 | 22.0 bp −$11.0K |
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.
SPCX on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SPCX/USD [ETH-USDC] | L −0.0328% / S +0.0528% | 1h | 153.10 | −2.636% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.11 | −2.633% | $96.4M | $31.3M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +9.711% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 153.05 | −2.671% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.34 | −2.486% | $8K | $954K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.12 | −2.626% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0025% | 1h | 153.03 | −2.681% | $8K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 153.08 | −2.652% | $1.6M | $7.4M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 153.06 | −2.665% | $2.5M | $7.5M | 20x | as long as short |
| Injective SPCX/USDC PERPlong | +0.0033% | 1h | 157.25 | long leg | $9K | $27K | 5.5x |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCXShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.14 | −2.614% | — | $1.2M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 153.09 | −2.645% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.11 | −2.633% | $1.7M | $87K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.12 | −2.626% | $534K | $405K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.97 | −2.722% | $3.2M | $2.6M | 10x | as long as short |
| QFEX SPCX-USD | +0.0063% | 1h | 153.09 | −2.645% | $1.2M | $7.2M | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0077% | 1h | 153.09 | −2.645% | $72K | $1.1M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0091% | 8h | 153.15 | −2.610% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 153.05 | −2.671% | $173K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 153.01 | −2.696% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 153.04 | −2.677% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.15 | −2.607% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.13 | −2.620% | $89 | — | 10x | as long as short |
| BloFin SPCX-USDT | +0.0122% | 8h | 153.13 | −2.620% | $1.9M | $1.4M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0129% | 8h | 153.15 | −2.607% | $30.9M | $42.8M | 100x | as long as short |
| Arcus SPCX-USD | +0.0194% | 1h | 153.06 | −2.665% | $105K | $297K | 5x | as long as short |
| tradeXYZ xyz:SPCX | +0.0204% | 1h | 153.09 | −2.645% | $143.1M | $119.2M | 20x | as long as short |
| Bullet SPCX-USD | +0.0211% | 1h | 153.13 | −2.617% | $11K | $189K | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0215% | 8h | 153.15 | −2.607% | $39.3M | $168.9M | 75x | as long as short |
| Variational Omni SPCX | +0.0228% | 8h | 153.12 | −2.629% | $6.0M | $3.5M | — | as long as short |
| Nado SPCX-PERP | +0.0235% | 1h | 153.06 | −2.665% | $621K | $851K | 20x | as long as short |
| Extended SPCX-USD | +0.0240% | 1h | 153.09 | −2.644% | $734K | $3.9M | 10x | as long as short |
| Binance SPCXUSDTshort | +0.0242% | 8h | 153.13 | −2.620% | $252.8M | $1.38B | 75x | |
| Bitget SPCXUSDT | +0.0291% | 8h | 153.16 | −2.601% | $31.7M | $66.7M | 75x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 153.11 | −2.633% | $445K | $271K | 15x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0328% | 1h | 153.14 | −2.614% | $728K | $986K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0389% | 8h | 153.14 | −2.611% | $19.0M | $18.5M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0409% | 1h | 153.17 | −2.595% | $401K | $535K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0456% | 4h | 153.12 | −2.626% | $1.7M | $893K | 20x | as long as short |
Vest SPCX-USD-PERP
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Deribit SPCX_USDC-PERPETUAL
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
BloFin SPCX-USDT
Bybit SPCXUSDT
Arcus SPCX-USD
tradeXYZ xyz:SPCX
Bullet SPCX-USD
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Nado SPCX-PERP
Extended SPCX-USD
Bitget SPCXUSDT
Phoenix SPCX
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
RISEx SPCX/USDC
edgeX SPCXUSDC