Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.3420%/8h= −374.5% APRpaid last 24h −1.171%

Price spread now: Injective against OKX−1.096%7-day average — · you buy dearer than you sell

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

Long on OKX 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 −$103 a day on $10k at the current rate, and Injective is 1.096% cheaper against OKX than usual: you would sell low and buy high (−$110 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CC-USDT-SWAP	0.1177	0.0100	pay 0.0050% / 4h	25m 12s	$2.5M	$3.5M	20x
Short	Injective CC/USDC PERP	0.1164	−0.3320	pay 0.0415% / 1h	25m 12s	$6K	$99	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now −1.096%Rate

Funding earned: −$718.14
Price spread: −1.096% → 0.000%: −$109.61
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$837.77
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	1.27 bp	28.8 bp −$29	845.9 bp −$8,459	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.

CC on 19 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
Injective CC/USDC PERPshort	−0.3320%	1h	0.1164	−1.096%	$6K	$99	5.5x
Paradex CC-USD-PERP	+0.0097%	8h	0.1176	−0.071%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1178	+0.128%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1177	0.000%	$11.1M	$11.2M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1177	−0.025%	$10.7M	$3.8M	25x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1177	long leg	$2.5M	$3.5M	20x
Gate CC_USDT	+0.0100%	4h	0.1176	−0.051%	$363K	$214K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1176	−0.042%	$1.6M	$315K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1178	+0.102%	$499K	$116K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1177	+0.017%	$940K	$788K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1177	+0.008%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1177	−0.024%	$587K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1178	+0.106%	$82K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1176	−0.072%	$6K	$36K	6.7x	as long as short
Backpack CC_USDC_PERP	+0.0156%	1h	0.1177	+0.017%	$15K	$22K	10x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1174	−0.238%	$590K	$106K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1177	+0.048%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0599%	1h	0.1179	+0.161%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.1096%	1h	0.1182	+0.425%	$236K	$154K	5x	as long as short