Funding arb · Price arb /

H

all H markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.083%

Price spread now: BingX against Injective+14.000%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BingX

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 14.000% dearer against Injective than usual: you sell high and buy low: +$1,400 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective H/USDC PERP	0.06250	0.0033	pay 0.0004% / 1h	53m 26s	$1K	$1	5.5x
Short	BingX H-USDT	0.07125	0.0100	get 0.0050% / 4h	2h 53m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +14.000%Rate

Funding earned: $14
Price spread: +14.000% → 0.000%: $1,400
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $1,403.98
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 11 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 BingX live order book, 11 min ago	4.22 bp	15.3 bp −$15	77.5 bp −$775	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.

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 PERPlong	+0.0033%	1h	0.06250	long leg	$1K	$1	5.5x
Aster HUSDT	+0.0100%	4h	0.07135	+14.160%	$120K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07126	+14.015%	$15.4M	$10.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07110	+13.760%	$7.8M	$4.3M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07128	+14.048%	$1.8M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07122	+13.952%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07124	+13.984%	$6.5M	$1.0M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07126	+14.016%	$1.7M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07122	+13.952%	$1.8M	$444K	4x	as long as short
BingX H-USDTshort	+0.0100%	4h	0.07125	+14.000%	—	$2.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07095	+13.527%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07146	+14.338%	$1.2M	$491K	10x	as long as short
BloFin H-USDT	+0.0102%	4h	0.07126	+14.016%	$608K	$114K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.07125	+14.004%	$12K	$107K	5x	as long as short