Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.042%

Price spread now: Injective against Bitget+0.944%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 0.944% dearer against Bitget than usual: you sell high and buy low (spread +0.944% now, against zero (this spread has no 7-day history yet)): +$94 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TURBOUSDT	0.001059	0.0100	pay 0.0050% / 4h	1h 41m	$1.0M	$476K	25x
Short	Injective TURBO/USDC PERP	0.001069	0.0033	get 0.0004% / 1h	41m 17s	$83	$4	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee InjectivebpOrdersPrice spread, now +0.944%Rate

Funding earned: −$14
Price spread: +0.944% → 0.000%: $94.43
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $68.41
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: 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 Bitget live order book, 5 min ago	9.47 bp	33.2 bp −$33	190.2 bp −$1,902	doesn't fit	doesn't fit
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	−0.0088%	1h	0.001058	−0.132%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERPshort	+0.0033%	1h	0.001069	+0.944%	$83	$4	5.5x
Hyperliquid TURBO	+0.0100%	1h	0.001059	0.000%	$318K	$142K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001059	−0.013%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001057	−0.161%	$2.9M	$5.8M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001059	+0.038%	$397K	$732K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001056	−0.246%	$915K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001058	−0.085%	$399K	$243K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001057	−0.198%	$5.3M	$556K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001058	−0.047%	$2.0M	$774K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDTlong	+0.0100%	4h	0.001059	long leg	$1.0M	$476K	25x
BingX TURBO-USDT	+0.0100%	4h	0.001061	+0.217%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001057	−0.215%	$125	$171K	5x	as long as short
BloFin TURBO-USDT	+0.0159%	4h	0.001058	−0.085%	$156K	$420K	75x	as long as short