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: Injective against KuCoin−0.770%70s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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 −$2 a day on $10k at the current rate, and Injective is 0.770% cheaper against KuCoin than usual: you would sell low and buy high (−$77 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	KuCoin COSTUSDTM	898.90	0.0100	pay 0.0100% / 8h	3h 47m	$47K	$886K	20x
Short	Injective COST/USDC PERP	891.98	0.0033	get 0.0004% / 1h	47m 55s	$2K	$28K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.770%Rate

Funding earned: −$14
Price spread: −0.770% → 0.000%: −$76.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$103
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 51 min ago; Injective: no order-book sample. 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 KuCoin live order book, 51 min ago	16.69 bp	1074.5 bp −$1,075	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	+0.074%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.33	+0.048%	$1.1M	$917K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.77	+0.097%	$491K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.14	+0.027%	$520K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.03	+0.014%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	898.88	−0.002%	$41K	$15K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.00	−0.100%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.09	+0.244%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	899.18	+0.031%	$1.1M	$2.6M	10x	as long as short
Injective COST/USDC PERPshort	+0.0033%	1h	891.98	−0.770%	$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	−0.009%	$440K	$115K	10x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.072%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.17	+0.030%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.11	+0.023%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	898.90	long leg	$47K	$886K	20x