Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1725%/8h= +188.9% APRpaid last 24h +0.284%

Price spread now: KuCoin against Injective+3.598%7-day average +2.852% · 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 7 days+1.101%+$110 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +3.598%, 7d avg +2.852%

Together, before fees+1.001%+$100 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and KuCoin is 0.746% dearer against Injective than usual: you sell high and buy low: +$75 more if the spread goes back to its 7-day average of +2.852%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.101% in total (about 57.4% 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 CRO/USDC PERP	0.06560	0.0033	pay 0.0004% / 1h	30m 50s	$5	$129K	5.5x
Short	KuCoin CROUSDTM	0.06796	0.1758	get 0.1758% / 8h	3h 30m	$3.7M	$670K	20x

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 +3.598%Rate

Funding earned: $362.18
Price spread: +3.598% → +2.852%: $74.6
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: $424.76
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 7 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, 7 min ago	8.78 bp	41.3 bp −$41	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.

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
Injective CRO/USDC PERPlong	+0.0033%	1h	0.06560	long leg	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06836	+4.207%	$2.3M	$4.5M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06844	+4.329%	$869K	$301K	25x	as long as short
MEXC CRO_USDT	+0.0100%	8h	0.06842	+4.299%	$9.1M	$1.4M	200x	as long as short
GMX CRO/USD [WBTC.b-USDC]	L +0.0176% / S −0.0036%	1h	0.06842	+4.303%	$33K	—	100x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06826	+4.055%	$153K	$360K	20x	as long as short
Bitget CROUSDT	+0.0309%	8h	0.06834	+4.177%	$3.0M	$2.1M	25x	as long as short
BingX CRO-USDT	+0.0364%	8h	0.06841	+4.284%	—	$2.5M	—	as long as short
Bybit CROUSDT	+0.0382%	8h	0.06849	+4.405%	$6.5M	$5.5M	25x	as long as short
Lighter CRO	+0.0544%	1h	0.06847	+4.375%	$52K	$40K	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRO	+0.0666%	8h	0.06849	+4.410%	$160K	$159K	—	as long as short
KuCoin CROUSDTMshort	+0.1758%	8h	0.06796	+3.598%	$3.7M	$670K	20x
Kraken Futures PF_CROUSD	+0.2664%	1h	0.06864	+4.641%	$55K	$16K	10x	as long as short