Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.083%

Price spread now: Gate against Injective+6.864%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 Gate

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 Gate is 6.864% dearer against Injective than usual: you sell high and buy low: +$686 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	30m 49s	$1K	$1	5.5x
Short	Gate H_USDT	0.06679	0.0100	get 0.0050% / 4h	30m 49s	$2.7M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +6.864%Rate

Funding earned: $14
Price spread: +6.864% → 0.000%: $686.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $685.38
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	6.74 bp	117.9 bp −$118	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.

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
KuCoin HUSDTM	+0.0048%	4h	0.06685	+6.960%	$1.6M	$10.0M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06686	+6.976%	$109K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06683	+6.933%	$14.3M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06673	+6.774%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06688	+7.008%	$1.8M	$6.0M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06679	+6.864%	$2.7M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06688	+7.008%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06680	+6.880%	$1.7M	$448K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06687	+6.992%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06685	+6.957%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06696	+7.136%	$1.1M	$432K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06687	+6.987%	$10K	$102K	5x	as long as short
BloFin H-USDT	+0.0131%	4h	0.06684	+6.944%	$580K	$108K	25x	as long as short