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Funding arb · Price arb /

BX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0939%/8h= +102.8% APRpaid last 24h +0.085%
Price spread now: KuCoin against Injective−8.723%85s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on KuCoin
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
Funding pays, the price is against you. KuCoin is 8.723% cheaper against Injective than usual: you would sell low and buy high (spread −8.723% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$872 on $10k: about 31 days of funding at the current rate (+$28 a day). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BX/USDC PERP138.720.0220pay 0.0028% / 1h53m 53s$4K$32K12x
ShortKuCoin BXUSDTM126.620.1159get 0.1159% / 8h7h 53m$113K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$197.19
Price spread: −8.723% → 0.000%
−$872.26
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$687.09
Costs to cover
0.120%
Break-even
31.4 days
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago13.83 bp242.3 bp −$242doesn'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.

BX on 14 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
Aster BXUSDT0.0000%8h126.63−8.719%$5K$2K20xas long as short
Bybit BXUSDT0.0000%8h126.89−8.528%$490K$866K25xas long as short
QFEX BX-USD0.0000%1h127.05−8.413%$1.1M$1.3M10xas long as short
Gate BX_USDT0.0000%8h126.90−8.521%$425K$27K20xas long as short
Bitget BXUSDT0.0000%8h126.90−8.521%$901K$45K20xas long as short
SunX BX-USDT0.0000%8h126.87−8.542%$957$312K10xas long as short
HTX BX-USDT0.0000%8h126.95−8.485%$7K$3K20xas long as short
Injective BX/USDC PERPlong+0.0220%1h138.72long leg$4K$32K12x
OKX BX-USDT-SWAP+0.0286%8h126.81−8.586%$164K$113K20xas long as short
tradeXYZ xyz:BX+0.0640%1h126.70−8.665%$672K$193K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BX_USDT_Perp+0.0826%8h126.69−8.673%$1K$123K10xas long as short
KuCoin BXUSDTMshort+0.1159%8h126.62−8.723%$113K$1.1M20x
Variational Omni BX+0.1226%8h126.68−8.677%$31K$127—as long as short
Binance BXUSDT+0.1598%8h126.90−8.521%$797K$482K20xas long as short