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 −0.011%

Price spread now: Injective against OKX−17.586%78s7-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 −$2 a day on $10k at the current rate, and Injective is 17.586% cheaper against OKX than usual: you would sell low and buy high (−$1,759 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	OKX EGLD-USDT-SWAP	4.4410	0.0100	pay 0.0100% / 8h	7h 04m	$658K	$5.4M	20x
Short	Injective EGLD/USDC PERP	3.6600	0.0033	get 0.0004% / 1h	4m 00s	$16	$46K	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 −17.586%Rate

Funding earned: −$14
Price spread: −17.586% → 0.000%: −$1,758.61
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: −$1,782.63
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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, 4 min ago	4.49 bp	27.2 bp −$27	2202.6 bp −$22.0K	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.

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	−0.2474%	1h	4.4523	+0.254%	$445K	$715K	20x	as long as short
Injective EGLD/USDC PERPshort	+0.0033%	1h	3.6600	−17.586%	$16	$46K	5.5x
Binance EGLDUSDT	+0.0100%	8h	4.4365	−0.102%	$4.9M	$27.5M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.4390	−0.045%	$2.8M	$8.9M	75x	as long as short
OKX EGLD-USDT-SWAPlong	+0.0100%	8h	4.4410	long leg	$658K	$5.4M	20x
Gate EGLD_USDT	+0.0100%	8h	4.4510	+0.225%	$507K	$702K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.4420	+0.023%	$4.4M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.4540	+0.293%	$2.8M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.4450	+0.090%	$2.3M	$4.4M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.4480	+0.158%	—	$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	4.4402	−0.018%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.4360	−0.113%	$235K	$495K	75x	as long as short