Funding arb · Price arb /

H

all H markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.083%

Price spread now: Injective against Bitget−6.883%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 6.883% cheaper against Bitget than usual: you would sell low and buy high (−$688 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	Bitget HUSDT	0.06712	0.0100	pay 0.0050% / 4h	1h 32m	$1.7M	$464K	4x
Short	Injective H/USDC PERP	0.06250	0.0033	get 0.0004% / 1h	32m 52s	$1K	$1	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now −6.883%Rate

Funding earned: −$14
Price spread: −6.883% → 0.000%: −$688.32
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$714.34
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: 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 Bitget live order book, 4 min ago	6.74 bp	156.4 bp −$156	736.0 bp −$7,360	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.

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
KuCoin HUSDTM	+0.0032%	4h	0.06698	−0.209%	$1.6M	$10.0M	8x	as long as short
Injective H/USDC PERPshort	+0.0033%	1h	0.06250	−6.883%	$1K	$1	5.5x
BloFin H-USDT	+0.0055%	4h	0.06705	−0.104%	$584K	$111K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06699	−0.187%	$110K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06713	+0.008%	$14.4M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06714	+0.030%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06729	+0.253%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06703	−0.134%	$2.7M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06707	−0.074%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06712	long leg	$1.7M	$464K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06692	−0.298%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06707	−0.079%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06722	+0.149%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06704	−0.123%	$10K	$101K	5x	as long as short