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

PYPL

RWAall PYPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: HTX against Injective+1.036%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
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 1.036% dearer against Injective than usual: you sell high and buy low: +$104 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PYPL/USDC PERP52.110−0.0220get 0.0028% / 1h50m 24s$7K$22K12x
ShortHTX PYPL-USDT52.6500get 0.0000% / 8h2h 50m$7K$18K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$46.2
Price spread: +1.036% → 0.000%
$103.63
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Net
$137.81
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; HTX: 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 HTX no order-book sample
Injective and HTX: 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.

PYPL on 8 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
Injective PYPL/USDC PERPlong−0.0220%1h52.110long leg$7K$22K12x
Binance PYPLUSDT0.0000%8h52.637+1.012%$291K$191K20xas long as short
Bybit PYPLUSDT0.0000%8h52.650+1.036%$371K$44K25xas long as short
OKX PYPL-USDT-SWAP0.0000%8h52.690+1.113%$114K$40K20xas long as short
Gate PYPL_USDT0.0000%8h52.680+1.094%$36K$2K20xas long as short
Bitget PYPLUSDT0.0000%8h52.630+0.998%$78K$10K20xas long as short
HTX PYPL-USDTshort0.0000%8h52.650+1.036%$7K$18K10x
edgeX PYPLUSDC+0.0830%4h52.640+1.018%$28K$248K10xas long as short