Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.061%

Price spread now: Bitget against Injective+0.269%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 Bitget

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

The price spread pays, funding is against you. Bitget is 0.269% dearer against Injective than usual: you sell high and buy low (spread +0.269% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BX/USDC PERP	126.28	0.0220	pay 0.0028% / 1h	56m 32s	$963	$27K	12x
Short	Bitget BXUSDT	126.62	0	get 0.0000% / 8h	56m 32s	$903K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.269%Rate

Funding earned: −$46.2
Price spread: +0.269% → 0.000%: $26.92
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.3
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 19 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 Bitget live order book, 19 min ago	11.85 bp	56.1 bp −$56	65.1 bp −$651	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.

BX 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
Aster BXUSDT	0.0000%	8h	126.29	+0.010%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.60	+0.253%	$498K	$857K	25x	as long as short
QFEX BX-USD	0.0000%	1h	126.69	+0.325%	$1.1M	$1.3M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.71	+0.341%	$426K	$20K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.62	+0.269%	$903K	$44K	20x
SunX BX-USDT	0.0000%	8h	126.55	+0.214%	$872	$302K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.61	+0.261%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0193%	8h	126.47	+0.150%	$163K	$107K	20x	as long as short
Injective BX/USDC PERPlong	+0.0220%	1h	126.28	long leg	$963	$27K	12x
tradeXYZ xyz:BX	+0.0386%	1h	126.46	+0.143%	$663K	$180K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BX	+0.0925%	8h	126.55	+0.212%	$31K	$127	—	as long as short
KuCoin BXUSDTM	+0.0940%	8h	126.44	+0.127%	$112K	$1.1M	20x	as long as short
Binance BXUSDT	+0.1278%	8h	126.53	+0.201%	$804K	$455K	20x	as long as short
GRVT BX_USDT_Perp	+0.2070%	8h	126.55	+0.215%	$416	$124K	10x	as long as short