Funding arb · Price arb /

YFI

all YFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against OKX−4.512%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 7 days−0.203%−$20 on $10k

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 4.512% cheaper against OKX than usual: you would sell low and buy high (−$451 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 YFI-USDT-SWAP	2,294	0.0100	pay 0.0100% / 8h	2h 18m	$629K	$831K	20x
Short	Injective YFI/USDC PERP	2,190.5	0.0033	get 0.0004% / 1h	18m 21s	$2K	$28K	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 −4.512%Rate

Funding earned: −$14
Price spread: −4.512% → 0.000%: −$451.18
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: −$475.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 28 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, 28 min ago	2.18 bp	28.1 bp −$28	1644.2 bp −$16.4K	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.

YFI on 12 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
Injective YFI/USDC PERPshort	+0.0033%	1h	2,190.5	−4.512%	$2K	$28K	5.5x
BloFin YFI-USDT	+0.0099%	8h	2,291	−0.131%	$115K	$49K	75x	as long as short
Aster YFIUSDT	+0.0100%	8h	2,290.5	−0.153%	$2K	$2K	5x	as long as short
Binance YFIUSDT	+0.0100%	8h	2,290.6	−0.149%	$2.2M	$3.3M	75x	as long as short
Bybit YFIUSDT	+0.0100%	8h	2,289	−0.218%	$987K	$289K	25x	as long as short
OKX YFI-USDT-SWAPlong	+0.0100%	8h	2,294	long leg	$629K	$831K	20x
MEXC YFI_USDT	+0.0100%	8h	2,291	−0.131%	$866K	$292K	75x	as long as short
KuCoin YFIUSDTM	+0.0100%	8h	2,289.4	−0.201%	$380K	$79K	30x	as long as short
BingX YFI-USDT	+0.0100%	8h	2,291	−0.131%	—	$12.0M	—	as long as short
Variational Omni YFI	+0.0100%	8h	2,283.6	−0.453%	$9K	$1K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate YFI_USDT	+0.0274%	8h	2,287.3	−0.292%	$296K	$146K	50x	as long as short
Kraken Futures PF_YFIUSD	+0.0590%	1h	2,290	−0.175%	$47K	$6K	10x	as long as short