Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h +0.046%

Price spread now: Binance against Injective+0.702%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 Binance

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 for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.702% dearer against Injective than usual: you sell high and buy low: +$70 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective COST/USDC PERP	891.98	0.0033	pay 0.0004% / 1h	37m 19s	$2K	$28K	12x
Short	Binance COSTUSDT	898.24	0.0519	get 0.0519% / 8h	7h 37m	$1.1M	$960K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.702%Rate

Funding earned: $102.05
Price spread: +0.702% → 0.000%: $70.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $162.19
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	0.06 bp	10.9 bp −$11	57.4 bp −$574	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.

COST on 15 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 COSTUSDT	0.0000%	8h	898.27	+0.705%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.54	+0.735%	$491K	$218K	25x	as long as short
Gate COST_USDT	0.0000%	8h	898.54	+0.735%	$523K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.16	+0.693%	$403K	$111K	25x	as long as short
SunX COST-USDT	0.0000%	8h	897.70	+0.641%	$2K	$3.1M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.17	+0.806%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0017%	1h	898.01	+0.676%	$1.1M	$3.2M	10x	as long as short
Injective COST/USDC PERPlong	+0.0033%	1h	891.98	long leg	$2K	$28K	12x
Extended COST-USD	+0.0040%	1h	898.25	+0.703%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	897.84	+0.657%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX COST-USDT-SWAP	+0.0048%	8h	898.51	+0.732%	$443K	$135K	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	897.71	+0.642%	$1.8M	$532K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.40	+0.608%	$47K	$855K	20x	as long as short
Variational Omni COST	+0.0370%	8h	898.01	+0.676%	$42K	$17K	—	as long as short
Binance COSTUSDTshort	+0.0519%	8h	898.24	+0.702%	$1.1M	$960K	20x