Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.058%

Price spread now: Bitget against Injective+17.869%91s7-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 Bitget

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 Bitget is 17.869% dearer against Injective than usual: you sell high and buy low: +$1,787 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 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	41m 43s	$16	$46K	5.5x
Short	Bitget EGLDUSDT	4.3140	0.0100	get 0.0100% / 8h	4h 41m	$2.2M	$4.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +17.869%Rate

Funding earned: $14
Price spread: +17.869% → 0.000%: $1,786.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $1,788.87
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	5.80 bp	17.7 bp −$18	74.3 bp −$743	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.

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	+0.0020%	1h	4.3179	+17.975%	$430K	$695K	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	4.3168	+17.944%	$4.7M	$26.9M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3160	+17.923%	$2.6M	$8.7M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3200	+18.033%	$446K	$694K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3150	+17.896%	$3.9M	$3.5M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3190	+18.005%	$2.7M	$1.4M	50x	as long as short
Bitget EGLDUSDTshort	+0.0100%	8h	4.3140	+17.869%	$2.2M	$4.3M	75x
Variational Omni EGLD	+0.0100%	8h	4.3332	+18.393%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3140	+17.869%	$223K	$582K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0223%	8h	4.3160	+17.923%	—	$2.9M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0235%	8h	4.3200	+18.033%	$616K	$5.1M	20x	as long as short