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: Injective against OKX−0.567%58s7-day average — · you buy dearer than you sell

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

Long on OKX 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.567% cheaper against OKX than usual: you would sell low and buy high (−$57 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	OKX TURBO-USDT-SWAP	0.001075	0.0100	pay 0.0050% / 4h	40m 17s	$913K	$2.3M	20x
Short	Injective TURBO/USDC PERP	0.001069	0.0033	get 0.0004% / 1h	40m 17s	$83	$4	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now −0.567%Rate

Funding earned: −$14
Price spread: −0.567% → 0.000%: −$56.74
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$80.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	4.17 bp	42.7 bp −$43	doesn't fit	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	−0.0250%	1h	0.001075	+0.007%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERPshort	+0.0033%	1h	0.001069	−0.567%	$83	$4	5.5x
Hyperliquid TURBO	+0.0100%	1h	0.001076	+0.084%	$315K	$171K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001076	+0.068%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001075	+0.009%	$2.9M	$6.5M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001078	+0.242%	$396K	$781K	25x	as long as short
OKX TURBO-USDT-SWAPlong	+0.0100%	4h	0.001075	long leg	$913K	$2.3M	20x
Gate TURBO_USDT	+0.0100%	4h	0.001078	+0.270%	$390K	$346K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001076	+0.056%	$5.6M	$614K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001077	+0.140%	$1.8M	$919K	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	0.001076	+0.084%	$1.0M	$604K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001075	−0.028%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001075	−0.033%	$8K	$174K	5x	as long as short
BloFin TURBO-USDT	+0.0127%	4h	0.001078	+0.298%	$155K	$489K	75x	as long as short