Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.4051%/8h= +443.6% APRpaid last 24h +1.169%

Price spread now: KuCoin against Injective+1.521%7-day average — · you sell dearer than you buy

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

Long on Injective Short on KuCoin

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 for this trade now. Funding pays +$122 a day on $10k at the current rate, and KuCoin is 1.521% dearer against Injective than usual: you sell high and buy low: +$152 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CC/USDC PERP	0.1144	−0.3951	get 0.0494% / 1h	38m 40s	$6K	$97	5.5x
Short	KuCoin CCUSDTM	0.1161	0.0100	get 0.0050% / 4h	1h 38m	$492K	$115K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now +1.521%Rate

Funding earned: $850.78
Price spread: +1.521% → 0.000%: $152.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $990.86
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 34 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 KuCoin live order book, 34 min ago	24.14 bp	113.1 bp −$113	doesn't fit	doesn't fit	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.

CC on 19 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
Injective CC/USDC PERPlong	−0.3951%	1h	0.1144	long leg	$6K	$97	5.5x
Gate CC_USDT	+0.0056%	4h	0.1160	+1.425%	$359K	$211K	50x	as long as short
Paradex CC-USD-PERP	+0.0089%	8h	0.1161	+1.512%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1163	+1.678%	$5.4M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1161	+1.495%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1161	+1.497%	$11.0M	$11.0M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1161	+1.460%	$10.5M	$3.8M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1162	+1.556%	$2.5M	$3.4M	20x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1161	+1.469%	$1.6M	$309K	100x	as long as short
KuCoin CCUSDTMshort	+0.0100%	4h	0.1161	+1.521%	$492K	$115K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1160	+1.434%	$930K	$787K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1161	+1.477%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1160	+1.416%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1157	+1.155%	$576K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1158	+1.218%	$81K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1158	+1.203%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1157	+1.163%	$582K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0440% / S −0.0239%	1h	0.1159	+1.348%	$43K	—	50x	as long as short
Lighter CC	+0.1256%	1h	0.1165	+1.818%	$234K	$152K	5x	as long as short