Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: OKX against Injective+0.473%78s7-day average +3.525% · you sell dearer than you buy

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

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+3.582%+$358 · spread now +0.473%, 7d avg +3.525%

Together, before fees+3.677%+$368 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 3.053% cheaper against Injective than usual: you would sell low and buy high (spread +0.473% now, against its 7-day average of +3.525%). If the spread goes back, that is −$305 on $10k: about 5 months of funding at the current rate (+$2 a day). The two prices were read 78 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	Injective CRO/USDC PERP	0.06560	0.0033	pay 0.0004% / 1h	38m 07s	$5	$129K	5.5x
Short	OKX CRO-USDT-SWAP	0.06591	0.0100	get 0.0100% / 8h	2h 38m	$2.2M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.473%Rate

Funding earned: $14
Price spread: +0.473% → +3.525%: −$305.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$301.3
Costs to cover: 0.100%
Break-even: 157.6 days

Slippage unknown: Injective: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	1.51 bp	26.4 bp −$26	80.5 bp −$805	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
Lighter CRO	+0.0096%	1h	0.06599	+0.595%	$48K	$39K	3x	as long as short
OKX CRO-USDT-SWAPshort	+0.0100%	8h	0.06591	+0.473%	$2.2M	$4.6M	20x
Gate CRO_USDT	+0.0100%	8h	0.06575	+0.229%	$841K	$319K	25x	as long as short
MEXC CRO_USDT	+0.0100%	8h	0.06577	+0.259%	$8.7M	$1.4M	200x	as long as short
Bitget CROUSDT	+0.0100%	8h	0.06586	+0.396%	$3.0M	$2.2M	25x	as long as short
GMX CRO/USD [WBTC.b-USDC]	L +0.0171% / S −0.0036%	1h	0.06576	+0.244%	$31K	—	100x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06582	+0.335%	$150K	$356K	20x	as long as short
Bybit CROUSDT	+0.0248%	8h	0.06596	+0.549%	$6.2M	$5.7M	25x	as long as short
BingX CRO-USDT	+0.0255%	8h	0.06591	+0.473%	—	$2.5M	—	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	+0.0556%	8h	0.06610	+0.768%	$157K	$161K	—	as long as short
KuCoin CROUSDTM	+0.1675%	8h	0.06529	−0.473%	$3.5M	$701K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2404%	1h	0.06600	+0.613%	$56K	$29K	10x	as long as short