Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.006%

Price spread now: Bybit against Injective+20.164%78s7-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 Bybit

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 Bybit is 20.164% dearer against Injective than usual: you sell high and buy low: +$2,016 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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	34m 01s	$16	$46K	5.5x
Short	Bybit EGLDUSDT	4.3980	0.0100	get 0.0100% / 8h	7h 34m	$2.7M	$8.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +20.164%Rate

Funding earned: $14
Price spread: +20.164% → 0.000%: $2,016.39
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $2,019.37
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.14 bp	13.9 bp −$14	77.4 bp −$774	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	−0.2497%	1h	4.4111	+20.522%	$441K	$718K	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	4.3990	+20.191%	$4.8M	$27.3M	75x	as long as short
Bybit EGLDUSDTshort	+0.0100%	8h	4.3980	+20.164%	$2.7M	$8.9M	75x
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.4000	+20.219%	$648K	$5.3M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.4060	+20.383%	$518K	$685K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.4030	+20.301%	$4.4M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.4060	+20.383%	$2.7M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.4040	+20.328%	$2.3M	$4.3M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.4040	+20.328%	—	$2.9M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EGLD	+0.0100%	8h	4.3963	+20.118%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3960	+20.109%	$231K	$469K	75x	as long as short