Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.036%

Price spread now: OKX against Injective−8.851%68s7-day average — · you buy dearer than you sell

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

Long on Injective Short on OKX

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 −$7 a day on $10k at the current rate, and OKX is 8.851% cheaper against Injective than usual: you would sell low and buy high (−$885 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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	Injective BX/USDC PERP	138.74	0.0220	pay 0.0028% / 1h	38m 12s	$4K	$32K	12x
Short	OKX BX-USDT-SWAP	126.46	0	get 0.0000% / 8h	38m 12s	$163K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −8.851%Rate

Funding earned: −$46.2
Price spread: −8.851% → 0.000%: −$885.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$941.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; OKX: live order book, 62 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 OKX live order book, 62 min ago	3.17 bp	77.0 bp −$77	doesn't fit	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	126.25	−9.002%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.39	−8.899%	$773K	$482K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.44	−8.866%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAPshort	0.0000%	8h	126.46	−8.851%	$163K	$112K	20x
QFEX BX-USD	0.0000%	1h	126.91	−8.527%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.48	−8.837%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	−8.880%	$899K	$31K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.38	−8.912%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.39	−8.902%	$159	$289K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.47	−8.844%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BX	+0.0050%	1h	126.29	−8.974%	$664K	$225K	10x	as long as short
GRVT BX_USDT_Perp	+0.0052%	8h	126.38	−8.909%	$933	$100K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.16	−9.067%	$110K	$776K	20x	as long as short
Injective BX/USDC PERPlong	+0.0220%	1h	138.74	long leg	$4K	$32K	12x