Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.276%

Price spread now: Injective against Bitget−14.685%51s7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 14.685% cheaper against Bitget than usual: you would sell low and buy high (−$1,469 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	Bitget EGLDUSDT	4.2900	0.0100	pay 0.0100% / 8h	1h 54m	$2.2M	$4.2M	75x
Short	Injective EGLD/USDC PERP	3.6600	0.0033	get 0.0004% / 1h	54m 29s	$16	$46K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now −14.685%Rate

Funding earned: −$14
Price spread: −14.685% → 0.000%: −$1,468.53
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,494.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	8.18 bp	25.5 bp −$25	59.2 bp −$592	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.

EGLD on 12 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_EGLDUSD	−0.1490%	1h	4.2934	+0.078%	$428K	$695K	20x	as long as short
Injective EGLD/USDC PERPshort	+0.0033%	1h	3.6600	−14.685%	$16	$46K	5.5x
KuCoin EGLDUSDTM	+0.0072%	8h	4.2970	+0.163%	$2.5M	$1.3M	50x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.2871	−0.067%	$4.6M	$26.6M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.2880	−0.047%	$2.6M	$8.7M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.2900	0.000%	$600K	$5.0M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.2940	+0.093%	$514K	$678K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.2880	−0.047%	$4.3M	$3.5M	125x	as long as short
Bitget EGLDUSDTlong	+0.0100%	8h	4.2900	long leg	$2.2M	$4.2M	75x
BingX EGLD-USDT	+0.0100%	8h	4.2920	+0.047%	—	$2.9M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EGLD	+0.0100%	8h	4.2871	−0.067%	$17K	$56K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.2820	−0.186%	$223K	$471K	75x	as long as short