Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.042%

Price spread now: Injective against BingX+1.848%102s7-day average — · you sell dearer than you buy

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

Long on BingX 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

The price spread pays, funding is against you. Injective is 1.848% dearer against BingX than usual: you sell high and buy low (spread +1.848% now, against zero (this spread has no 7-day history yet)): +$185 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TURBO-USDT	0.001050	0.0100	pay 0.0050% / 4h	47m 29s	—	$7.7M	—
Short	Injective TURBO/USDC PERP	0.001069	0.0033	get 0.0004% / 1h	47m 29s	$83	$4	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now +1.848%Rate

Funding earned: −$14
Price spread: +1.848% → 0.000%: $184.83
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $160.81
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: 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 BingX live order book, 5 min ago	8.52 bp	21.5 bp −$22	59.5 bp −$595	457.0 bp −$45.7K	620.0 bp −$310.0K
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.

TURBO 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
Kraken Futures PF_TURBOUSD	−0.0515%	1h	0.001051	+0.100%	$67K	$28K	20x	as long as short
Injective TURBO/USDC PERPshort	+0.0033%	1h	0.001069	+1.848%	$83	$4	5.5x
BloFin TURBO-USDT	+0.0052%	4h	0.001049	−0.038%	$156K	$424K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001051	+0.133%	$312K	$142K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001049	−0.014%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001051	+0.111%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001051	+0.152%	$388K	$740K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001050	+0.048%	$908K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001049	−0.048%	$397K	$256K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001051	+0.124%	$5.3M	$566K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001050	+0.057%	$1.9M	$806K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001052	+0.229%	$1.0M	$491K	25x	as long as short
BingX TURBO-USDTlong	+0.0100%	4h	0.001050	long leg	—	$7.7M	—
Extended TURBO-USD	+0.0104%	1h	0.001050	+0.082%	$398	$168K	5x	as long as short