Funding arb · Price arb /

H

all H markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.083%

Price spread now: Injective against Gate−6.619%7-day average — · you buy dearer than you sell

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

Long on Gate 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 6.619% cheaper against Gate than usual: you would sell low and buy high (−$662 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	Gate H_USDT	0.06693	0.0100	pay 0.0050% / 4h	40m 35s	$2.7M	$1.8M	10x
Short	Injective H/USDC PERP	0.06250	0.0033	get 0.0004% / 1h	40m 35s	$1K	$1	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now −6.619%Rate

Funding earned: −$14
Price spread: −6.619% → 0.000%: −$661.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$690.91
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	2.99 bp	93.4 bp −$93	doesn't fit	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	+0.0030%	4h	0.06694	+0.015%	$1.6M	$10.0M	8x	as long as short
Injective H/USDC PERPshort	+0.0033%	1h	0.06250	−6.619%	$1K	$1	5.5x
BloFin H-USDT	+0.0059%	4h	0.06706	+0.194%	$583K	$108K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06696	+0.047%	$110K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06696	+0.039%	$14.4M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06687	−0.090%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06702	+0.134%	$1.8M	$6.0M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06693	long leg	$2.7M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06695	+0.030%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06675	−0.269%	$1.7M	$448K	4x	as long as short

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	−0.015%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06690	−0.041%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06689	−0.060%	$1.1M	$434K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06694	+0.016%	$9K	$100K	5x	as long as short