Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective+0.776%70s7-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 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.776% dearer against Injective than usual: you sell high and buy low: +$78 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 COST/USDC PERP	891.98	0.0033	pay 0.0004% / 1h	47m 58s	$2K	$28K	12x
Short	KuCoin COSTUSDTM	898.90	0.0100	get 0.0100% / 8h	3h 47m	$47K	$886K	20x

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

Position, each leg$Hold fordaysFee InjectivebpFee KuCoinbpOrdersPrice spread, now +0.776%Rate

Funding earned: $14
Price spread: +0.776% → 0.000%: $77.58
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: $79.56
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 51 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 KuCoin live order book, 51 min ago	16.69 bp	312.8 bp −$313	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.

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	899.56	+0.850%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.33	+0.824%	$1.1M	$917K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.77	+0.873%	$491K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.14	+0.803%	$520K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.03	+0.790%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	898.88	+0.773%	$41K	$15K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.00	+0.675%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.09	+1.021%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	899.18	+0.807%	$1.1M	$2.6M	10x	as long as short
Injective COST/USDC PERPlong	+0.0033%	1h	891.98	long leg	$2K	$28K	12x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX COST-USDT-SWAP	+0.0039%	8h	898.82	+0.767%	$440K	$115K	10x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	+0.703%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.17	+0.806%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.11	+0.799%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTMshort	+0.0100%	8h	898.90	+0.776%	$47K	$886K	20x