Funding arb · Price arb /

1INCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against KuCoin−4.536%100s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

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 4.536% cheaper against KuCoin than usual: you would sell low and buy high (−$454 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	KuCoin 1INCHUSDTM	0.1023	0.0100	pay 0.0100% / 8h	2h 01m	$525K	$178K	30x
Short	Injective 1INCH/USDC PERP	0.09766	0.0033	get 0.0004% / 1h	1m 32s	$6	$26K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee InjectivebpOrdersPrice spread, now −4.536%Rate

Funding earned: −$14
Price spread: −4.536% → 0.000%: −$453.57
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$479.59
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	9.77 bp	95.4 bp −$95	236.4 bp −$2,364	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.

1INCH on 13 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
dYdX 1INCH-USD	0.0000%	1h	0.1024	+0.092%	$20K	$98	5x	as long as short
Injective 1INCH/USDC PERPshort	+0.0033%	1h	0.09766	−4.536%	$6	$26K	5.5x
OKX 1INCH-USDT-SWAP	+0.0087%	8h	0.1022	−0.049%	$688K	$741K	20x	as long as short
BloFin 1INCH-USDT	+0.0088%	8h	0.1023	0.000%	$229K	$11K	75x	as long as short
Binance 1INCHUSDT	+0.0100%	8h	0.1023	−0.031%	$3.3M	$3.3M	75x	as long as short
Bybit 1INCHUSDT	+0.0100%	8h	0.1020	−0.313%	$3.3M	$782K	75x	as long as short
Gate 1INCH_USDT	+0.0100%	8h	0.1025	+0.156%	$253K	$35K	50x	as long as short
MEXC 1INCH_USDT	+0.0100%	8h	0.1023	−0.010%	$827K	$176K	200x	as long as short
KuCoin 1INCHUSDTMlong	+0.0100%	8h	0.1023	long leg	$525K	$178K	30x
Bitget 1INCHUSDT	+0.0100%	8h	0.1023	+0.029%	$498K	$380K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX 1INCH-USDT	+0.0100%	8h	0.1022	−0.127%	—	$36.6M	—	as long as short
Variational Omni 1INCH	+0.0100%	8h	0.1020	−0.303%	$36K	$139	—	as long as short
Kraken Futures PF_1INCHUSD	+0.0101%	1h	0.1025	+0.167%	$65K	$3K	10x	as long as short