Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.066%

Price spread now: KuCoin against Injective+13.344%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 KuCoin

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 KuCoin is 13.344% dearer against Injective than usual: you sell high and buy low: +$1,334 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	57m 08s	$1K	$1	5.5x
Short	KuCoin HUSDTM	0.07084	0.0100	get 0.0050% / 4h	3h 57m	$1.7M	$10.0M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +13.344%Rate

Funding earned: $14
Price spread: +13.344% → 0.000%: $1,334.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1,336.38
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	6.37 bp	374.4 bp −$374	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
Aster HUSDT	+0.0100%	4h	0.07083	+13.324%	$117K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07095	+13.518%	$15.2M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07084	+13.346%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07095	+13.520%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07079	+13.264%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07094	+13.504%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.07084	+13.344%	$1.7M	$10.0M	8x
Bitget HUSDT	+0.0100%	4h	0.07081	+13.296%	$1.8M	$452K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07086	+13.376%	—	$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	0.07070	+13.121%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07089	+13.424%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07090	+13.434%	$12K	$102K	5x	as long as short
BloFin H-USDT	+0.0129%	4h	0.07075	+13.200%	$596K	$118K	25x	as long as short