Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1195%/8h= −130.8% APRpaid last 24h −0.324%

Price spread now: Injective against BingX−0.076%7-day average −3.633% · you buy dearer than you sell

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

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.524%−$52 on $10k

Price spread, last 3 days (all we have)−4.047%−$405 · spread now −0.076%, 7d avg −3.633%

Together, before fees−4.571%−$457 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 3.557% dearer against BingX than usual: you sell high and buy low (spread −0.076% now, against its 7-day average of −3.633%): +$356 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 9.9 days. At the pace of the last 4 days (−0.524% in total) that is about 27 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CRO-USDT	0.06565	0.1228	pay 0.1228% / 8h	6h 54m	—	$2.6M	—
Short	Injective CRO/USDC PERP	0.06560	0.0033	get 0.0004% / 1h	54m 51s	$5	$129K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now −0.076%Rate

Funding earned: −$250.88
Price spread: −0.076% → −3.633%: $355.69
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $94.79
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 9 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 BingX live order book, 9 min ago	5.17 bp	28.9 bp −$29	86.6 bp −$866	397.6 bp −$39.8K	710.0 bp −$355.0K
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.

CRO 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
GMX CRO/USD [WBTC.b-USDC]	L −0.0079% / S +0.0362%	1h	0.06560	−0.069%	$50K	—	100x	as long as short
Injective CRO/USDC PERPshort	+0.0033%	1h	0.06560	−0.076%	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06565	0.000%	$2.3M	$4.2M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06562	−0.046%	$833K	$274K	25x	as long as short
MEXC CRO_USDT	+0.0100%	8h	0.06562	−0.046%	$8.4M	$1.2M	200x	as long as short
Lighter CRO	+0.0200%	1h	0.06580	+0.228%	$55K	$32K	3x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06576	+0.168%	$152K	$315K	20x	as long as short
Bybit CROUSDT	+0.0383%	8h	0.06574	+0.137%	$6.0M	$5.1M	25x	as long as short
Variational Omni CRO	+0.0703%	8h	0.06573	+0.129%	$157K	$144K	—	as long as short
BingX CRO-USDTlong	+0.1228%	8h	0.06565	long leg	—	$2.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CROUSDT	+0.1282%	8h	0.06575	+0.152%	$2.9M	$2.0M	25x	as long as short
KuCoin CROUSDTM	+0.1988%	8h	0.06533	−0.487%	$3.7M	$621K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2426%	1h	0.06592	+0.412%	$52K	$20K	10x	as long as short