Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.044%

Price spread now: Injective against BloFin−1.320%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 1.320% cheaper against BloFin than usual: you would sell low and buy high, −$132 on $10k if it 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	BloFin TURBO-USDT	0.001083	0.0040	pay 0.0020% / 4h	3h 52m	$156K	$452K	75x
Short	Injective TURBO/USDC PERP	0.001069	0.0033	get 0.0004% / 1h	52m 01s	$83	$4	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −1.320%Rate

Funding earned: −$1.49
Price spread: −1.320% → 0.000%: −$132
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$145.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 44 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 BloFin live order book, 44 min ago	0.48 bp	19.4 bp −$19	49.0 bp −$490	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	−0.0191%	1h	0.001080	−0.288%	$69K	$28K	20x	as long as short
Injective TURBO/USDC PERPshort	+0.0033%	1h	0.001069	−1.320%	$83	$4	5.5x
BloFin TURBO-USDTlong	+0.0040%	4h	0.001083	long leg	$156K	$452K	75x
Hyperliquid TURBO	+0.0100%	1h	0.001083	−0.028%	$316K	$151K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001081	−0.193%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001082	−0.085%	$3.0M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001083	0.000%	$398K	$739K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001084	+0.074%	$926K	$2.1M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001082	−0.111%	$397K	$278K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001083	−0.055%	$5.5M	$573K	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	0.001081	−0.194%	$1.9M	$813K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001083	−0.028%	$1.1M	$515K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001083	−0.046%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001081	−0.182%	$3K	$167K	5x	as long as short