Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.078%

Price spread now: BloFin against Injective+10.336%7-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 BloFin

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 BloFin is 10.336% dearer against Injective than usual: you sell high and buy low: +$1,034 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective H/USDC PERP	0.06250	0.0033	pay 0.0004% / 1h	17m 40s	$1K	$1	5.5x
Short	BloFin H-USDT	0.06896	0.0100	get 0.0050% / 4h	17m 40s	$599K	$112K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +10.336%Rate

Funding earned: $14.01
Price spread: +10.336% → 0.000%: $1,033.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $1,035.59
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 64 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 BloFin live order book, 64 min ago	3.62 bp	35.7 bp −$36	106.2 bp −$1,062	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.

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 PERPlong	+0.0033%	1h	0.06250	long leg	$1K	$1	5.5x
Aster HUSDT	+0.0100%	4h	0.06890	+10.235%	$111K	$60K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06890	+10.235%	$14.7M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06875	+10.000%	$7.5M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06889	+10.224%	$1.8M	$6.5M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06877	+10.032%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06889	+10.224%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06887	+10.192%	$1.6M	$10.2M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06886	+10.176%	$1.7M	$436K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06886	+10.176%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06870	+9.925%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06882	+10.110%	$1.1M	$468K	10x	as long as short
BloFin H-USDTshort	+0.0100%	4h	0.06896	+10.336%	$599K	$112K	25x
Extended H-USD	+0.0104%	1h	0.06886	+10.182%	$10K	$200K	5x	as long as short