Settings8H · net · $10k
Funding arb · Price arb /

DKNG

RWAall DKNG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Bybit against Injective+0.227%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Bybit is 0.227% dearer against Injective than usual: you sell high and buy low (spread +0.227% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective DKNG/USDC PERP21.9900.0033pay 0.0004% / 1h36m 58s$707$6K12x
ShortBybit DKNGUSDT22.0400get 0.0000% / 8h2h 36m$77K$69K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$7
Price spread: +0.227% → 0.000%
$22.74
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$4.72
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Bybit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Bybit no order-book sample
Injective and Bybit: 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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:DKNG−0.0031%1h22.096+0.482%$1.8M$2.1M10xas long as short
Aster DKNGUSDT0.0000%8h22.060+0.319%$1K$11K20xas long as short
Bybit DKNGUSDTshort0.0000%8h22.040+0.227%$77K$69K25x
Gate DKNG_USDT0.0000%8h22.104+0.518%$110K$8K20xas long as short
Bitget DKNGUSDT0.0000%8h22.054+0.291%$125K$67K20xas long as short
SunX DKNG-USDT0.0000%8h22.070+0.364%$863$665K10xas long as short
HTX DKNG-USDT0.0000%8h22.020+0.136%$6K$4K10xas long as short
Injective DKNG/USDC PERPlong+0.0033%1h21.990long leg$707$6K12x
OKX DKNG-USDT-SWAP+0.0051%8h22.070+0.364%$114K$110K20xas long as short
KuCoin DKNGUSDTM+0.0177%8h22.070+0.364%$90K$378K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni DKNG+0.0316%8h22.067+0.351%$78K$51Kas long as short
Binance DKNGUSDT+0.0373%8h22.060+0.318%$295K$632K20xas long as short