Settings8H · net · $10k
Funding arb · Price arb /

BA

RWAall BA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Gate against Injective+0.918%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Gate is 0.918% dearer against Injective than usual: you sell high and buy low (spread +0.918% now, against zero (this spread has no 7-day history yet)): +$92 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BA/USDC PERP199.430.0033pay 0.0004% / 1h1m 20s$28K12x
ShortGate BA_USDT201.260get 0.0000% / 8h1m 20s$170K$7K25x

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

Funding earned
−$7
Price spread: +0.918% → 0.000%
$91.76
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
$69.74
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 29 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Gate live order book, 29 min ago48.13 bp344.5 bp −$344doesn't fitdoesn't fitdoesn'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.

BA on 4 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX BA-USD0.0000%1h200.77+0.672%$1.1M$1.3M10xas long as short
Gate BA_USDTshort0.0000%8h201.26+0.918%$170K$7K25x
Bitget BAUSDT0.0000%8h201.16+0.867%$392K$96K20xas long as short
Injective BA/USDC PERPlong+0.0033%1h199.43long leg$28K12x