Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.043%

Price spread now: BloFin against Injective−2.189%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

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 pays, the price is against you. BloFin is 2.189% cheaper against Injective than usual: you would sell low and buy high (spread −2.189% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$219 on $10k: about 20 months of funding at the current rate ($0 a day).

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	29m 22s	$83	$4	5.5x
Short	BloFin TURBO-USDT	0.001046	0.0046	get 0.0023% / 4h	1h 29m	$151K	$499K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −2.189%Rate

Funding earned: $2.56
Price spread: −2.189% → 0.000%: −$218.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$228.36
Costs to cover: 0.120%
Break-even: 632.5 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 15 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 BloFin live order book, 15 min ago	1.42 bp	24.6 bp −$25	68.0 bp −$680	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 exchanges

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	−0.1445%	1h	0.001045	−2.248%	$70K	$31K	20x	as long as short
Injective TURBO/USDC PERPlong	+0.0033%	1h	0.001069	long leg	$83	$4	5.5x
BloFin TURBO-USDTshort	+0.0046%	4h	0.001046	−2.189%	$151K	$499K	75x
Hyperliquid TURBO	+0.0100%	1h	0.001046	−2.152%	$298K	$196K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001046	−2.144%	$10K	$22K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001046	−2.187%	$2.8M	$6.8M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001046	−2.123%	$370K	$783K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001046	−2.152%	$884K	$2.3M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001046	−2.105%	$380K	$362K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001046	−2.189%	$5.5M	$581K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001046	−2.152%	$1.0M	$619K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001045	−2.217%	—	$9.6M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001045	−2.201%	$2K	$198K	5x	as long as short
KuCoin TURBOUSDTM	+0.0162%	4h	0.001047	−2.095%	$1.9M	$990K	20x	as long as short