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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 +0.046%

Price spread now: Injective against Gate+2.351%7-day average — · you sell dearer than you buy

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

Long on Gate 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

The price spread pays, funding is against you. Injective is 2.351% dearer against Gate than usual: you sell high and buy low (spread +2.351% now, against zero (this spread has no 7-day history yet)): +$235 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.4670	0.0100	pay 0.0100% / 8h	2h 41m	$2.5M	$2.3M	50x
Short	Injective AR/USDC PERP	4.5720	0.0033	get 0.0004% / 1h	41m 18s	$3K	$363	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 GatebpFee InjectivebpOrdersPrice spread, now +2.351%Rate

Funding earned: −$14
Price spread: +2.351% → 0.000%: $235.06
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $206.04
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	4.48 bp	68.7 bp −$69	380.8 bp −$3,808	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.

AR on 17 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
Kraken Futures PF_ARUSD	−0.2007%	1h	4.4706	+0.081%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4720	+0.112%	$575K	—	50x	as long as short
Injective AR/USDC PERPshort	+0.0033%	1h	4.5720	+2.351%	$3K	$363	5.5x
Hyperliquid AR	+0.0100%	1h	4.4764	+0.210%	$3.8M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4680	+0.022%	$20K	$630K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4690	+0.045%	$8.8M	$56.7M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4680	+0.022%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4660	−0.022%	$2.2M	$20.8M	20x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.4670	long leg	$2.5M	$2.3M	50x
MEXC AR_USDT	+0.0100%	8h	4.4690	+0.045%	$6.6M	$4.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4730	+0.134%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4660	−0.022%	$3.8M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4680	+0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4725	+0.124%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4700	+0.067%	$57K	$747K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4685	+0.034%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4710	+0.090%	$422K	$674K	20x	as long as short