Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.042%

Price spread now: Binance against Injective+0.968%117s7-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 Binance

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 Binance is 0.968% dearer against Injective than usual: you sell high and buy low: +$97 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 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	Injective TURBO/USDC PERP	0.001069	0.0033	pay 0.0004% / 1h	41m 20s	$83	$4	5.5x
Short	Binance TURBOUSDT	0.001079	0.0100	get 0.0050% / 4h	41m 20s	$3.0M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.968%Rate

Funding earned: $14
Price spread: +0.968% → 0.000%: $96.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $100.8
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 12 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 Binance live order book, 12 min ago	1.87 bp	33.1 bp −$33	93.9 bp −$939	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.

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	−0.0249%	1h	0.001080	+1.043%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERPlong	+0.0033%	1h	0.001069	long leg	$83	$4	5.5x
Hyperliquid TURBO	+0.0100%	1h	0.001080	+1.029%	$317K	$171K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001079	+0.955%	$9K	$20K	10x	as long as short
Binance TURBOUSDTshort	+0.0100%	4h	0.001079	+0.968%	$3.0M	$6.5M	50x
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001081	+1.094%	$397K	$781K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001078	+0.870%	$916K	$2.3M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001081	+1.085%	$391K	$346K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001079	+0.935%	$5.6M	$614K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001079	+0.973%	$1.8M	$915K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001080	+1.029%	$1.0M	$598K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001080	+1.038%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001079	+0.906%	$1K	$168K	5x	as long as short
BloFin TURBO-USDT	+0.0158%	4h	0.001077	+0.748%	$155K	$489K	75x	as long as short