Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.081%

Price spread now: KuCoin against Injective+8.736%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 KuCoin

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 KuCoin is 8.736% dearer against Injective than usual: you sell high and buy low: +$874 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	18m 48s	$1K	$1	5.5x
Short	KuCoin HUSDTM	0.06796	0.0100	get 0.0050% / 4h	3h 18m	$1.6M	$10.1M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +8.736%Rate

Funding earned: $14
Price spread: +8.736% → 0.000%: $873.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $875.58
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	4.45 bp	255.6 bp −$256	doesn't fit	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
BloFin H-USDT	+0.0082%	4h	0.06834	+9.344%	$583K	$104K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06806	+8.891%	$107K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06794	+8.705%	$14.4M	$10.4M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06786	+8.576%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06795	+8.720%	$1.7M	$6.2M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06792	+8.672%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06799	+8.784%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06796	+8.736%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06800	+8.800%	$1.7M	$417K	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	0.06810	+8.960%	—	$2.8M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06848	+9.568%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06861	+9.777%	$1.1M	$423K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06798	+8.765%	$11K	$204K	5x	as long as short