Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.029%

Price spread now: BingX against Injective+18.525%87s7-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 BingX

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 18.525% dearer against Injective than usual: you sell high and buy low: +$1,852 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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 EGLD/USDC PERP	3.6600	0.0033	pay 0.0004% / 1h	21m 51s	$16	$46K	5.5x
Short	BingX EGLD-USDT	4.3380	0.0100	get 0.0100% / 8h	21m 51s	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +18.525%Rate

Funding earned: $14
Price spread: +18.525% → 0.000%: $1,852.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $1,856.44
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	6.95 bp	20.2 bp −$20	41.1 bp −$411	224.9 bp −$22.5K	970.7 bp −$485.4K

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.

EGLD on 12 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
Kraken Futures PF_EGLDUSD	−0.2628%	1h	4.3427	+18.654%	$430K	$719K	20x	as long as short
Injective EGLD/USDC PERPlong	+0.0033%	1h	3.6600	long leg	$16	$46K	5.5x
Binance EGLDUSDT	+0.0100%	8h	4.3370	+18.497%	$4.6M	$26.7M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3350	+18.443%	$2.6M	$8.8M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.3380	+18.525%	$625K	$5.1M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3400	+18.579%	$515K	$682K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3360	+18.470%	$4.5M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3430	+18.661%	$2.7M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3350	+18.443%	$2.2M	$4.3M	75x	as long as short
BingX EGLD-USDTshort	+0.0100%	8h	4.3380	+18.525%	—	$2.9M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EGLD	+0.0100%	8h	4.3340	+18.415%	$17K	$56K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3290	+18.279%	$221K	$466K	75x	as long as short