Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective−0.699%7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.699% cheaper against Injective than usual: you would sell low and buy high (spread −0.699% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$70 on $10k: about 35 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CHZ/USDC PERP	0.01574	0.0033	pay 0.0004% / 1h	2m 29s	$1K	$7	5.5x
Short	KuCoin CHZUSDTM	0.01563	0.0100	get 0.0100% / 8h	5h 02m	$680K	$177K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.699%Rate

Funding earned: $14
Price spread: −0.699% → 0.000%: −$69.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$67.91
Costs to cover: 0.120%
Break-even: 41.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 34 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 KuCoin live order book, 34 min ago	6.37 bp	68.4 bp −$68	132.8 bp −$1,328	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.

CHZ on 19 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
dYdX CHZ-USD	0.0000%	1h	0.01562	−0.789%	$3K	$653	5x	as long as short
Injective CHZ/USDC PERPlong	+0.0033%	1h	0.01574	long leg	$1K	$7	5.5x
Bybit CHZUSDT	+0.0062%	8h	0.01559	−0.953%	$4.0M	$1.2M	75x	as long as short
BloFin CHZ-USDT	+0.0073%	8h	0.01562	−0.762%	$332K	$16K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01562	−0.747%	$18K	$28K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01562	−0.751%	$6.7M	$11.6M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01562	−0.762%	$1.6M	$2.7M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01562	−0.762%	$318K	$222K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01562	−0.762%	$4.6M	$1.0M	200x	as long as short
KuCoin CHZUSDTMshort	+0.0100%	8h	0.01563	−0.699%	$680K	$177K	50x

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDT	+0.0100%	8h	0.01561	−0.826%	$3.8M	$757K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01561	−0.826%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01559	−0.947%	$2K	$6K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01561	−0.826%	$47K	$668K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01562	−0.762%	$314	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01560	−0.889%	$51K	$14K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01562	−0.759%	$4K	$283K	10x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0329% / S −0.0143%	1h	0.01561	−0.813%	$6K	—	50x	as long as short
Kraken Futures PF_CHZUSD	+0.0352%	1h	0.01565	−0.602%	$69K	$78K	25x	as long as short