Funding arb · Price arb /

TURBO

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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: Gate against Injective+0.430%7-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 Gate

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 Gate is 0.430% dearer against Injective than usual: you sell high and buy low: +$43 more if the spread 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	Injective TURBO/USDC PERP	0.001069	0.0033	pay 0.0004% / 1h	1m 17s	$83	$4	5.5x
Short	Gate TURBO_USDT	0.001074	0.0100	get 0.0050% / 4h	1m 17s	$389K	$354K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.430%Rate

Funding earned: $14
Price spread: +0.430% → 0.000%: $43.03
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $42.01
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 34 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 Gate live order book, 34 min ago	9.33 bp	46.1 bp −$46	632.3 bp −$6,323	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	−0.0251%	1h	0.001074	+0.494%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERPlong	+0.0033%	1h	0.001069	long leg	$83	$4	5.5x
BloFin TURBO-USDT	+0.0074%	4h	0.001074	+0.421%	$154K	$494K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001074	+0.468%	$315K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001073	+0.379%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001073	+0.412%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001074	+0.468%	$393K	$791K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001074	+0.430%	$908K	$2.4M	20x	as long as short
Gate TURBO_USDTshort	+0.0100%	4h	0.001074	+0.430%	$389K	$354K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001073	+0.346%	$5.6M	$627K	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	0.001074	+0.468%	$1.9M	$961K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001073	+0.374%	$1.0M	$611K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001074	+0.440%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001072	+0.312%	$1K	$200K	5x	as long as short