Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.083%

Price spread now: Injective against Gate−8.479%7-day average — · you buy dearer than you sell

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

Long on Gate 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 8.479% cheaper against Gate than usual: you would sell low and buy high (−$848 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06829	0.0100	pay 0.0050% / 4h	3h 32m	$2.8M	$1.8M	10x
Short	Injective H/USDC PERP	0.06250	0.0033	get 0.0004% / 1h	32m 32s	$1K	$1	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now −8.479%Rate

Funding earned: −$14
Price spread: −8.479% → 0.000%: −$847.85
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$876.87
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	5.16 bp	106.3 bp −$106	doesn't fit	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.

H on 14 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 H/USDC PERPshort	+0.0033%	1h	0.06250	−8.479%	$1K	$1	5.5x
BloFin H-USDT	+0.0045%	4h	0.06855	+0.381%	$588K	$112K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06834	+0.070%	$112K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06841	+0.176%	$14.6M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06833	+0.059%	$7.6M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06853	+0.351%	$1.8M	$6.3M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06829	long leg	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06842	+0.190%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06837	+0.117%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06841	+0.176%	$1.7M	$452K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06841	+0.176%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06792	−0.545%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06839	+0.151%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06842	+0.190%	$11K	$104K	5x	as long as short