Funding arb · Price arb /

DKNG

RWAall DKNG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.095%

Price spread now: Binance against Injective+0.799%57s7-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

The price spread pays, funding is against you. Binance is 0.799% dearer against Injective than usual: you sell high and buy low (spread +0.799% now, against zero (this spread has no 7-day history yet)): +$80 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 57 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 DKNG/USDC PERP	21.990	0.0033	pay 0.0004% / 1h	52m 19s	$707	$6K	12x
Short	Binance DKNGUSDT	22.166	0	get 0.0000% / 8h	4h 52m	$299K	$614K	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 +0.799%Rate

Funding earned: −$7
Price spread: +0.799% → 0.000%: $79.95
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: $62.93
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 33 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, 33 min ago	4.51 bp	36.4 bp −$36	128.2 bp −$1,282	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.

DKNG on 12 exchanges

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 DKNGUSDT	0.0000%	8h	22.184	+0.883%	$1K	$133	20x	as long as short
Binance DKNGUSDTshort	0.0000%	8h	22.166	+0.799%	$299K	$614K	20x
Bybit DKNGUSDT	0.0000%	8h	22.160	+0.773%	$81K	$79K	25x	as long as short
OKX DKNG-USDT-SWAP	0.0000%	8h	22.120	+0.591%	$115K	$102K	20x	as long as short
Gate DKNG_USDT	0.0000%	8h	22.168	+0.809%	$109K	$9K	20x	as long as short
Bitget DKNGUSDT	0.0000%	8h	22.153	+0.741%	$127K	$58K	20x	as long as short
Variational Omni DKNG	0.0000%	8h	22.159	+0.769%	$77K	$51K	—	as long as short
SunX DKNG-USDT	0.0000%	8h	22.160	+0.773%	$1K	$584K	10x	as long as short
HTX DKNG-USDT	0.0000%	8h	22.180	+0.864%	$6K	$4K	10x	as long as short
Injective DKNG/USDC PERPlong	+0.0033%	1h	21.990	long leg	$707	$6K	12x

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DKNGUSDTM	+0.0116%	8h	22.210	+1.000%	$89K	$562K	20x	as long as short
tradeXYZ xyz:DKNG	+0.0783%	1h	22.195	+0.932%	$1.8M	$2.1M	10x	as long as short