Funding arb · Price arb /

H

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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 −0.083%

Price spread now: Injective against BingX−10.471%7-day average — · you buy dearer than you sell

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

Long on BingX 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 10.471% cheaper against BingX than usual: you would sell low and buy high (−$1,047 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06981	0.0100	pay 0.0050% / 4h	27m 01s	—	$2.7M	—
Short	Injective H/USDC PERP	0.06250	0.0033	get 0.0004% / 1h	27m 01s	$1K	$1	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee InjectivebpOrdersPrice spread, now −10.471%Rate

Funding earned: −$14
Price spread: −10.471% → 0.000%: −$1,047.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,071.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	5.72 bp	24.4 bp −$24	188.7 bp −$1,887	1148.0 bp −$114.8K	1437.6 bp −$718.8K
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.

H on 14 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
Injective H/USDC PERPshort	+0.0033%	1h	0.06250	−10.471%	$1K	$1	5.5x
Aster HUSDT	+0.0100%	4h	0.06985	+0.061%	$115K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06989	+0.109%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06977	−0.060%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06993	+0.172%	$1.7M	$5.9M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06975	−0.086%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06986	+0.072%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06984	+0.043%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06973	−0.115%	$1.7M	$451K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06981	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06976	−0.069%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06991	+0.143%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06987	+0.090%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0134%	4h	0.06971	−0.143%	$592K	$116K	25x	as long as short