Settings8H · net · $10k
Funding arb · Price arb /

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−1.0873%/8h= −1190.6% APRnext payment $13.59 per $10,000 · paid last 24h −2.198%
Price spread now: 01 Exchange against Injective−3.902%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$326 a day on $10k at the current rate, and 01 Exchange is 3.902% cheaper against Injective than usual: you would sell low and buy high (−$390 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective S/USDC PERP0.041000.0033pay 0.0004% / 1h42m 29s$2K$37K12x
Short01 Exchange SUSD0.03940−1.0840pay 0.1355% / 1h42m 29s$24K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$2,283.4
Price spread: −3.902% → 0.000%
−$390.24
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$2,680.66
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell 01 Exchange no order-book sample
Injective and 01 Exchange: 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.

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSDshort−1.0840%1h0.03940−3.902%$24K$2K5x
Kraken Futures PF_SUSD−0.1679%1h0.04092−0.185%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022−1.902%$48K$16K25xas long as short
Variational Omni S−0.0306%4h0.04092−0.200%$634K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04099−0.012%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04095−0.133%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04098−0.056%$2K150xas long as short
Injective S/USDC PERPlong+0.0033%1h0.04100long leg$2K$37K12x
Orderly PERP_S_USDC+0.0066%4h0.04098−0.049%$102K$332K10xas long as short
Lighter S+0.0096%1h0.04102+0.049%$171K$156K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04098−0.051%$1.0M$556K5xas long as short
Aster SUSDT+0.0100%4h0.04101+0.020%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04096−0.102%$5.7M$13.9M75xas long as short
Bybit SUSDT+0.0100%4h0.04088−0.293%$5.8M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04095−0.122%$1.0M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04094−0.146%$336K$200K50xas long as short
MEXC S_USDT+0.0100%4h0.04097−0.073%$4.0M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04092−0.195%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04098−0.049%$1.2M$2.1M50xas long as short
BingX S-USDT+0.0100%4h0.04095−0.122%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04090−0.244%$25K$449K50xas long as short
Extended S-USD+0.0104%1h0.04093−0.161%$230K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04101+0.024%$281K$111K75xas long as short
Deribit S_USDC-PERPETUAL+0.0726%1h0.04103+0.073%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1498%1h0.04110+0.244%$121K$361K5xas long as short